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Huayou Cobalt Reports Record First Half Thanks To High-Nickel Materials
Zhejiang Huayou Cobalt closed the best first half in its history, supported by the rapid growth in shipments of cathode materials and ternary precursors. The vertical integration of the supply chain allowed the Chinese group to absorb the increase in raw-material...
Nickel and tin lead the SHFE, but Indonesia remains the market’s pivotal issue
Base metals opened the August 20 session on the Shanghai Futures Exchange with a mixed performance. Nickel recorded the largest gain in the complex, followed by tin, while aluminium was the only main contract to move into negative territory. Behind nickel’s rise, two...
Ferrous Scrap, Turkey And Taiwan Remain Still Between Caution And Margins Under Pressure
Imported ferrous scrap markets in Turkey and Taiwan went through a directionless session on August 18, with prices broadly unchanged and buyers showing little inclination to conclude new contracts. Different dynamics, however, lie behind this apparent stability. In...
Aluminium, Midwest Premium Rises Despite Weak Demand
The US primary aluminium market is going through an apparently contradictory phase: spot demand remains sluggish, held back by the traditional summer slowdown, but the Midwest premium has nevertheless recorded a slight increase. Supporting quotations are tensions...