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Cobalt Under Pressure: Hydroxide Weaker, Sulfate Down And Metal Still Without Direction
The cobalt market closed the week to Friday June 5 with signs of weakness in the Chinese chemical chain and greater stability in European metal. The most delicate point remains cobalt hydroxide, whose spot range narrowed downward because of weaker conversion margins...
Lithium In China Under Pressure: Volatile GFEX Futures, Rising Stocks And Weak Spot Liquidity
The Chinese lithium market experienced a week characterized by strong volatility and still fragile sentiment. In the second half of the week ended Friday June 5, domestic prices fell, with fluctuations on the Guangzhou Futures Exchange quickly transferring also to the...
Iron Ore Under Pressure In China: Record Port Stocks, Weak Demand And Increasing Discounts
The Chinese iron ore market is going through a phase of evident downward pressure. The accumulation of supplies in the country’s main ports has pushed prices lower on all main grades, with elevated inventories of high-grade, mid-grade and low-grade fines weighing on...
US Ferrous Scrap Stable In June: Mills Full Of Orders, Strong HRC And Abundant Shredded But Not Bearish
The US ferrous scrap market closed the June monthly trade quickly and surprisingly resiliently. Prices remained unchanged on all main grades and in all regions, despite clear abundance of some categories, particularly heavy melting scrap and shredded scrap. Stability...