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Nonferrous Metals Slightly Rise on SHFE, Zinc Leads
Major nonferrous metals listed on the Shanghai Futures Exchange (SHFE) posted slight gains across the board in the morning session on Thursday, May 29, with zinc leading the gains. The positive momentum reflects a combination of domestic fundamentals, inventory trends...
Global Primary Aluminum and Nickel Premiums: Stability, Pressure and New Dynamics in Major Regional Markets
Primary P1020A aluminum premiums were mixed in major global markets during the week ending Tuesday, May 27. While premiums in the United States increased, they were stable in Asia. In Europe and Brazil, a mixed picture was observed, influenced by local factors such as...
US Supreme Court Rejects Apache Lawsuit Against Resolution Copper
On Tuesday, May 28, the US Supreme Court declined to hear a lawsuit filed by Apache Stronghold, an advocacy group made up of members of the San Carlos Apache tribe of southeastern Arizona and environmental activists. The lawsuit sought to block development of the...
Trans-Pacific volumes surge after truce in China-US trade war
With two weeks to go until the May 12 announcement of a temporary truce in the China-US trade war, and about 11 weeks before the August pause expires, ocean shipping volumes on the trans-Pacific corridor are seeing a significant surge. During the period from early...