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Base Metals Down at the SHFE, With Zinc and Lead Bucking the Trend
The morning of Tuesday, December 2nd, opened with a cautious mood on the base metals markets at the Shanghai Futures Exchange (SHFE). Nearly all major prices headed lower, while only zinc and lead managed to buck the trend, supported by stronger market dynamics than...
European Alloy Aluminum Market Increasingly Tense: Reduced Inventories and Growing Demand
In the last week of November, the European secondary aluminum market found itself under pressure again. Scrap availability remains insufficient compared to a continuing growth in demand, an imbalance that industry operators confirmed to Commodity Evolution on November...
A Surface-Stationary Market, But Full of Expectations: Italian Scrap Enters the Decisive Month
No surge, no acceleration: the Italian ferrous scrap market closed its final week in complete stability. Operators described it as a "substantially balanced" phase, almost suspended, reflecting a uniform trend that has been consolidated for several weeks. Yet, behind...
Fire at Jinxin: Tongling Nonferrous Reduces Operations at New Copper Giant
The Chinese copper market was rocked on Monday, December 1st, by unexpected news: Tongling Nonferrous, one of the country's largest refined copper producers, has reduced operations at its brand-new Jinxin plant following a fire that occurred in recent days. This was...