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Zinc: LME stocks record further sharp increases, tripling in one week
Another large influx of zinc arrived at London Metal Exchange (LME) approved warehouses, meaning the total has more than tripled in about a week, reaching the highest levels in two years, according to LME data on Wednesday. The sharp rise comes amid an oversupply of...
Copper: important supply contracts signed
Last week, Chilean copper miner Antofagasta signed its first major supply agreement for concentrates through 2024 with China's Jinchuan Group It remains to be seen whether these terms will be an annual benchmark for others. Indeed, it is far from certain that there...
Germany seeks a budgetary solution while steel companies complain of a loss of confidence
Germany's coalition has clammed up to resolve the budget crisis, with Chancellor Olaf Scholz telling members of his party behind closed doors that the government could raise debt limits, with steel companies warning of a 'great loss of confidence' in investment....
Steel: European CRC and HDG prices are supported by limited supply
Prices of downstream flat steel products in Europe remained stable or slightly higher in the week to Wednesday, 22 November, despite producers' pushes for substantial increases. Slow demand from end users was the main factor dragging down prices for cold rolled coils...