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Technical Analysis and Sentiment of the Copper Market: Outlook for the Coming Months
The copper market is showing signs of recovery after a period of consolidation. Technical analysis of the chart shows a bullish channel outlined by two parallel trend lines containing the price trend since early 2023. After peaking in the first quarter of 2024, the...
China Urges U.S. to Stop Investigation of New Copper Duties and Threatens Retaliation
Beijing urged the United States on Thursday to immediately halt the investigation launched by the U.S. Department of Commerce into potential new duties on copper imports. China warned that if its companies were hit by these restrictive measures, it would be ready to...
Will China Reduce Steel Production? An Epochal Change for the Global Market.
The Feb. 26 news that China plans to reduce its crude steel production between 2025 and 2027 helped improve the market outlook, which earlier in the week seemed rather negative. However, most industry players remain cautious, stressing that these are only market...
Anglo American Sells Its Nickel Business to MMG: A $500 Million Deal
Multinational mining company Anglo American recently announced the sale of its nickel business to a subsidiary of MMG Resources, a company with headquarters in Beijing and Melbourne. The transaction, which could be worth as much as $500 million, has sparked...