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Shanghai Metal Exchange Nonferrous Metal Prices Fall, Zinc, Nickel Slump
All major nonferrous metals listed on the Shanghai Futures Exchange (SHFE) fell in the morning session on Monday, July 7, with zinc and nickel leading the losses. The negative trend reflects an environment of weak demand, macroeconomic uncertainties and a seasonal...
China’s Zinc Concentrate Imports Rise, While Refined Zinc Imports Decline
China’s zinc concentrate imports remained strong in May, consolidating a strong rebound seen in April, when they hit their highest level since the start of the year. The momentum was fueled by higher overseas mine production, which improved the availability of spot...
European Coils Market Still Weak Despite Recovery Expectations
The European hot-rolled coil market continues to show signs of weakness, with no signs of recovery. Demand remains fragile and price dynamics are stagnant, both on the domestic and import fronts. This is according to several sources present at the EUROMETAL 75th...
Historic US-Vietnam Trade Deal Ahead of Truce Ends
US President Donald Trump announced on Wednesday, July 2, that he has reached a trade deal with Vietnam, less than a week before the 90-day trade truce expires on July 9. The deal marks a turning point in relations between the two countries, after months of tensions...