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Copper: rally cools as markets assess Fed rate cuts
Copper, zinc and nickel fell, while industrial metals reversed some of the gains that had been driven by the Federal Reserve's optimism that it was approaching a rate cut. LME copper futures touched near four-month highs after comments by Fed Chairman Jerome Powell...
Nickel: Chinese producers in Indonesia are threatened by falling prices
The nickel rush led by Chinese mining companies in Indonesia over the past decade may come to a halt as falling prices for the metal used in steel production make processing the material in the Southeast Asian country less attractive to China-based producers. In...
Aluminium: metal surplus will persist due to falling demand
Global economic uncertainty will continue to weigh on the outlook for aluminium. However, the growing adoption of electric vehicles and green energy infrastructure is expected to dampen the slowdown in more traditional sectors for the light metal. Demand largely...
US vehicle sales rise along with steel prices, especially hot-dip galvanised steel
The United States (US) automotive industry has experienced several changes month after month. Firstly, demand for new vehicles has increased. However, steel prices, especially hot-dip galvanised steel, also increased along with demand. With the end of the UAW strike,...