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US Galvalume Market: Prices Steady, Weak Demand, and Soaring Rates
The US market for galvalume—hot-dip galvanized steel coated with zinc and aluminum alloys—was unchanged in September, with prices assessed by Commodity Evolution at $44.75/cwt ($895/short ton) fob mill on September 16, stable compared to the previous month and only...
European Copper Cathode Market: Weak Demand and Declining Premiums
The European A-grade cathode copper market continued to show signs of weakness in the first half of September, unable to find the momentum needed to reverse the downward trend. The CIF Rotterdam premium, assessed by Commodity Evolution, fell to $130-$150/t on...
North American Aluminum and Copper Market: Record Tariffs, Historic Premiums, and Widespread Uncertainty
The Recycled Materials Association (ReMA) conference, held in Chicago from September 10 to 12, confirmed a broadly bearish outlook for the North American primary aluminum, copper, and scrap markets. Operators present spoke of significant uncertainty, exacerbated by...
Base Metal Prices Decline on Shanghai Futures Exchange After US Rate Cut
On the morning of Thursday, September 18, most base metal prices listed on the Shanghai Futures Exchange (SHFE) declined following the US Federal Reserve's interest rate cut. The US central bank's decision, while widely anticipated, had an immediate impact on investor...