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Premium Differential Declines Between P0610 and P1020A Ingots in Rotterdam
The premium differential between primary aluminum ingot P1020A and the high-purity P0610 in Rotterdam decreased sharply on Friday, August 1, amid increasing availability of P0610 units in the European region. The net backhaul premium of P0610 over P1020A, in-whs...
Mitsubishi Materials to Reduce Copper Concentrate Processing at Onahama
Japan's Mitsubishi Materials has announced that it will reduce copper concentrate processing at its Onahama Smelting and Refining plant, located in Iwaki City (Fukushima Prefecture), due to severe pressures on the global copper concentrate market. According to the...
The Global Recycled Copper Market Amid Geopolitical Tensions and Supply Tightness
The current situation in the copper market presents starkly contrasting fundamentals. On the one hand, sanctions imposed on Russia and Iran, declining global gasoline inventories, and persistent geopolitical risks are providing price support. On the other, however,...
Crude Oil Prices Volatile: Amid Sanctions, Production Resumption, and Geopolitical Pressure
Oil prices closed the week higher despite high volatility, triggered by the new and stringent sanctions imposed by the Trump administration against Russian and Iranian exports. These tensions are part of an already complex situation of trade war, tariffs, and...