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Typhoon Ragasa Shuts Down Asian Ports and Raises Global Trade Tensions
Typhoon Ragasa left a trail of extensive damage as it crossed the South China Sea, hitting Taiwan and the Philippines before making landfall in China's Guangdong province on Wednesday. Now downgraded to a tropical storm, Ragasa continues its course along the coast,...
Southeast Asian Aluminum Scrap Import Prices Remain Stable Despite LME Decline
The Southeast Asian aluminum scrap market remained stable in the week ending Tuesday, September 23, despite the decline in aluminum futures on the London Metal Exchange (LME). The three-month aluminum contract settled at $2,638 per ton, about $80 less than the...
Turkey Amid Limited Scrap Imports and Sluggish Finished Steel Demand
The Turkish steel scrap market remains stagnant. Despite pressures related to transportation costs and some signs of improvement in international negotiations, seaborne imports remain limited, reflecting the weakness of finished steel sales. The last significant...
Asian Black Mass Market: Growing Demand Driven by Cobalt, Focus on NCM and LCO
The Asian black mass market strengthened further in the week ending Wednesday, September 24, supported by positive cobalt sentiment and the prospect of renewed global supply crunch. The Democratic Republic of Congo (DRC), the world's leading producer, announced that...