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Nickel Premiums: China Declines, Europe Steady in Two-Speed Market
On Tuesday, June 11, nickel premiums in Europe were unchanged from the previous week, despite a well-supplied market and rather weak demand. Assessments for the three main forms of nickel — full-plate, 4x4 cathode and briquette — confirmed price stability. The premium...
US Aluminum Tariffs Escalate: European Scrap Market Alarm
US President Donald Trump’s decision to raise Section 232 duties on primary aluminum imports from 25% to 50% has raised alarm among major European aluminum industry players. The measure, which came into force on June 4, 2025, aims to strengthen American national...
Growth Ambitions for Copper and Nickel: Vale Base Metals’ Vision
Shaun Usmar, the new CEO of Vale Base Metals, outlined the company’s ambitious strategies in an exclusive interview, announcing the goal of doubling annual copper production to 700,000 tonnes by 2035, and establishing himself among the top five global producers of...
Global Copper Market Fragmentation: Amid Negative Arbitrage, Divergent Premiums, and Fears of New US Tariffs
Copper cathode import premiums in China declined significantly during the week ending Tuesday, June 10, as arbitrage conditions deteriorated and backwardation in the London Metal Exchange (LME) copper forward curve deepened. A Shanghai-based trader explained: “The...