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Nickel: the situation is getting ever worse
Possible sanctions on the Russian metal, lawsuits, a battle to regain confidence, and a slump in nickel trading after the March fiasco are just some of the headwinds facing the London Metal Exchange as the industry prepares to convene in the British capital. Market...
Copper: China may buy more Russian material to dampen expected premium increase
Buyers of refined copper in China, the world's largest consumer of the red metal, may increase their purchases of Russian supplies next year to reduce the impact of an expected premium increase from other global producers. According to market sources, premiums from...
Aluminum: Alcoa posts surprise loss as crisis on industry deepens
Alcoa Corp. has posted a surprising quarterly loss, signaling how things are getting worse for an aluminum producer that only last month warned investors it was being squeezed by rising costs and falling metal prices. The largest U.S. aluminum producer posted a $60...
Copper: in 2023 the market could have a surplus of 155,000 tons
According to the International Copper Study Group (ICSG), the global copper market is expected to register a deficit of about 325,000 tons this year and a surplus of 155,000 tons in 2023. Continued Covid-19-related restrictions, operational and geotechnical problems,...