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LME Week 2025: Global Markets Fragmented by Tariffs, Carbon Tax, and Copper Shortages
LME Week 2025, which opens in London on Monday, October 13, comes at a time of intense tension for global metals markets. Supply chains are still reeling from tariffs introduced by the Trump administration, copper is gripped by shortages, and aluminum is bracing for...
Shanghai Futures Exchange: Base Metals Rise Slightly, But Nickel Falls on Surplus Supply and Weak Demand
Base metal prices on the Shanghai Futures Exchange (SHFE) showed mixed trends on the morning of Friday, October 10, with most contracts slightly higher, except for aluminum and nickel, which recorded moderate declines. Price Trends at 10:30 AM (Shanghai Time) Copper...
Aluminum Premiums Steady in Asia as Fourth-Quarter MJP Negotiations Continue
In the Asian P1020A aluminum market, premiums remained unchanged in the week ending Wednesday, October 8, amid thin trading and anticipation of the fourth-quarter MJP (Main Japanese Port) premium. According to Commodity Evolution, the spot MJP premium cif Japan...
Chinese Steel: Slight Recovery for Plate and Coil, but Rebar Market Remains Weak After Golden Week
The Chinese steel market reopened on Thursday, October 9th, after Golden Week (October 1–8th), with a cautious recovery, marked by higher forward prices and a general increase in raw materials, but also by still-weak physical trade and rising inventory levels....