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SHFE Base Metal Prices Decline, Lead the Session’s Worst Performer
Most base metals listed on the Shanghai Futures Exchange (SHFE) declined on Thursday, August 14, with lead posting the sharpest decline of the entire basket. The most traded prices on the SHFE (September contracts), recorded at 10:30 a.m. Shanghai time and compared to...
Global Zinc Premiums Steady, But With Sluggish Demand and Seasonal Slowdown
The global zinc premium market remained stable on Tuesday, August 12, with Europe continuing to record high values and traders attributing the lackluster activity to an expected seasonal decline and weak demand. In Northern Europe, premiums for SHG-grade zinc (min...
Hudbay Minerals and Mitsubishi Sign $600 Million Joint Venture for Copper World
Canadian mining company Hudbay Minerals announced a $600 million strategic investment by Mitsubishi Corporation to acquire a 30% stake in the joint venture behind the Copper World project in Arizona, just days before its second-quarter earnings presentation on...
Section 232 Exemption: A Breath of Relief for the Copper Market, But Risks Still Lurking
When the United States opted not to impose Section 232 tariffs on copper cathode imports last month, the market breathed a sigh of relief. Few, however, fully understood how close we were to a full-blown logistics and price crisis—and how a little-known technical...