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Tin: China’s ties with Myanmar threaten key supplies
Ties between China and a powerful Myanmar armed group that controls a key source of tin are weakening, threatening to prolong what has already been months of disruption to supplies of the key metal. China has long had friendly relations with the group that rules the...
Steel: The market enters a deeper recession spiral in 2023 and faces increasing unpredictability for 2024
The slump in steel demand due to inflation and high interest rates, exacerbated by conflict and persistently high electricity prices, clouds the market outlook for 2023. The downturn in apparent steel consumption is expected to deepen further (-5.3%) this year, while...
Aluminium: Norsk Hydro fears influx of Chinese electric vehicles into Europe
Although the price of aluminium has recovered in recent months, it is still well below the glory days of early 2022, when the metal's spot futures price was approaching $4,000 per tonne (it is now around $2,200). The drop is due to Hydro's closure of a smelter in...
Industrial metals: prices rise thanks to the Chinese stimulus forecast and hopes for demand
Most non-ferrous metals rebounded on Monday on the back of supportive economic measures from China, the main consumer, and positive demand for copper, which pushed up prices. Three-month copper on the London Metal Exchange traded in the $8,117/mt area, up 0.33% (09:20...