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Base Metal Premiums: Mixed Signals Between Asia and Europe
The second half of October ended with a mixed trend in premiums for base metal warrants listed on the London Metal Exchange (LME). The changes particularly affected nickel and tin, while other metals such as aluminum and copper remained largely stable. Here is the...
Nornickel Ready to Restart Cobalt Production at Kola Plant After 2022 Fire
After more than two years of silence and reconstruction work, Russia's Nornickel is ready to restart its cobalt metal production at the Kola plant, located in the Murmansk region in the northwest of the country. The Russian giant, a leading domestic nickel and cobalt...
Base Metals Subdued on the Shanghai Futures Exchange
Base metal prices on the Shanghai Futures Exchange (SHFE) moved in mixed and moderate fashion in the morning session on Friday, November 7, reflecting a market searching for direction after days of moderate volatility. At 10:30 a.m. local time in Shanghai, the most...
Chinese Stainless Steel Prices Decline Amid Weak Demand and Falling Raw Materials
The Chinese stainless steel market continues to lose momentum. In the week ending Wednesday, November 5, domestic prices fell again, held back by increasingly weak domestic demand and declining raw material costs, according to several market sources told Commodity...