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Russian Copper And Cobalt, The Lme Closes EU Warehouses To New Warrants
The London Metal Exchange will stop accepting Russia-produced refined copper and cobalt into its European Union warehouses, in response to the new European sanctions framework. The decision, announced on Wednesday June 17, represents a further step in the process of...
SHFE Base Metals Fall, Nickel The Worst Performer Amid Rising Stocks And Middle East Tensions
Base metals listed on the Shanghai Futures Exchange opened the session on Monday June 22 in negative territory, with declines across the whole complex and nickel clearly underperforming. The market moved in a cautious climate, affected by a combination of geopolitical...
ADC12 In Asia, The Japanese Market Continues To Fall While China Remains More Stable
Spot prices for secondary aluminium alloy ingot ADC12 in the Japanese import market continued to weaken in the week ended Wednesday June 17, following the decline in aluminium futures on the London Metal Exchange and a demand context that remains subdued. The market...
Chinese Aluminium, Rising Production And Higher Exports Redraw The Global Balance
Chinese primary aluminium production returned to growth in May, confirming China’s central role in the rebalancing of the global market. According to data released on Tuesday June 16 by the National Bureau of Statistics, the country’s primary aluminium output...