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China Towards 2025 Steel Production Cut, But Many Unknowns Remain
China is moving forward with plans to reduce its annual crude steel production in 2025, but the actual implementation of these cuts remains uncertain, at least in the first half of the year. Some producers have received official or verbal guidance from local...
Asia’s PET Prices Rise Sharply Amid Rising Supply Chain Costs
PET (polyethylene terephthalate) prices rose sharply across Asia last week, according to multiple industry sources. One Asian industry player explained that the price surge was the result of a combination of interconnected factors. The first of these was higher...
Aurubis Aims to Expand US Copper Sales Despite Tariff Investigations
German nonferrous metals giant Aurubis has announced plans to increase its copper sales in the United States as the US investigation into Section 232 import tariffs continues and the company expands its new plant in Richmond, Augusta, Georgia. The news was disclosed...
LME European Copper Stocks Remain High Despite Record Premiums and Limited Supply
Copper stocks in London Metal Exchange (LME) warehouses in Europe remain surprisingly high, despite premiums for copper cathodes reaching record levels and the region becoming increasingly tight to source the red metal. This is confirmed by numerous market...