Loading
Copper: price hits $10,000 a tonne as bulls predict imminent deficit
Copper touched $10,000 a tonne for the first time in two years as speculation mounted that global mines will struggle to meet the surge in demand from green industries. The metal recovered its five-figure position in London after a pick-up in global manufacturing...
Aluminium: LME moves to block sanctions-based rule round
The London Metal Exchange (LME) moved on Tuesday to stop traders from taking Russian aluminium from its approved warehouses and returning it later to take advantage of rule changes to comply with new sanctions. Earlier this month, the US and Britain banned the LME...
Copper: Yangshan premium close to 0
The 'Yangshan Copper Premium - China' is a key indicator of Chinese demand, and has just dropped close to 0, another indication that global prices are not in balance with what buyers in the larger market are willing to pay. Premiums paid for imported refined copper...
Crude steel: world production fell 4.3 percent in March
According to the World Steel Association (worldsteel), global crude steel production fell 4.3% year-on-year to 161.2 million tons in March this year. In January-March this year, global crude steel production increased by 0.5 percent year-on-year to 469.1 million tons...