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Base Metal Prices Rise on SHFE, Aluminum Leads the Race
Prices of most base metals listed on the Shanghai Futures Exchange (SHFE) rose on the morning of Wednesday, June 18, continuing a positive trend seen in the previous days. In particular, aluminum stood out as the metal with the largest daily increase. The following...
Sinomine Tsumeb Smelter Shutdown, Glencore Faces Shutdown Risks: Copper Smelting Industry in Global Crisis
The crisis in the global copper concentrate market intensifies. Chinese giant Sinomine Resource Group has temporarily suspended operations at its 240,000 tonne-per-year copper smelter in Tsumeb, Namibia, while multinational Glencore faces growing shutdown risks at its...
Base Metals Weak on Shfe: Nickel Leads Down on June 17
Major base metals traded on the Shanghai Futures Exchange (SHFE) posted a negative performance in the morning session on Tuesday, June 17, with most prices declining from the previous day’s close. The sharpest decline was in nickel, which fell 1.03% to 118,460 yuan...
Oil Rally: Prices Up 12% On Missiles, Tensions And Regional Fears
Crude oil prices have surged 12% in the past week, marking a second consecutive weekly gain after a 4% gain the week before. The spark for the surge was mounting tensions between Israel and Iran, particularly Israeli missile attacks on Iranian nuclear and military...