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Steel: European apparent consumption will improve in 2024 but at a slower pace than expected
According to the steel association Eurofer, apparent demand for steel in Europe will start to improve in 2024, but not as quickly as previously expected and not before recording a year-on-year decline for 2023 - the fourth annual decline in the trading bloc in the...
Aluminium: Russian metal’s share of LME warehouses remains at 90 per cent
The share of available stocks of Russian-origin aluminium in London Metal Exchange (LME) approved warehouses remained stable at 90 percent in January, according to LME data on Monday. As part of wider sanctions against Moscow over its war in Ukraine, Britain...
Zinc: Trafigura delivers zinc to LME warehouses
Commodities trader Trafigura delivered large quantities of zinc to London Metal Exchange (LME) warehouses in Singapore under lucrative lease agreements, pushing stocks towards a 20-year high in November. Miner Glencore is also delivering zinc to the LME's registered...
Copper: watch out for US inflation data
Copper prices are recovering on Tuesday morning with traders awaiting US inflation data for indications of Federal Reserve interest rate cuts. Three-month copper on the London Metal Exchange was up 0.68 percent at $8,314/mt (09:04 Italian time). The market expects the...