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Steel: prices in China break 2-week highs on Russia-Ukraine supply risks
Steel futures in China, the world's largest producer of the building material, rose to their highest in more than two weeks Wednesday on hopes that the Russia-Ukraine conflict will boost demand for Chinese steel abroad. Russia, which is facing an unprecedented wave of...
Iron ore: price rises as Russia-Ukraine conflict fuels supply concerns
Iron ore prices rose Monday on concerns that a prolonged armed conflict between Russia and Ukraine could curb global supply. The most-traded May iron ore contract on the Dalian Commodity Exchange in China ended daytime trading 2.7% higher at 705.50 yuan ($111.82) a...
Copper: January records Chile’s lowest production since 2011
Chile, the largest copper producing country, has just recorded its lowest January production since 2011 (429,923 tons), the latest bullish signal for global metal markets. Production fell 15% last month compared to December and 7.5% compared to January 2021. Chilean...
Russian metal exports fall as sanctions hit commodity financing
Russia's industrial metal exports are plunging as the invasion of Ukraine pushes commodity buyers and financiers to retreat. The nation's major steel producers have seen exports fall since the incursion began, just as nickel shipments have been hit. While the response...