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Base Metals: Falling Stocks Support Copper, Lead And Tin While Nickel Remains Abundant
Base metals warrant premiums showed divergent trends on Wednesday July 29, reflecting a physical market that is increasingly fragmented by geographic area, origin and material quality. Declining copper, lead and tin stocks contributed to tighter conditions in several...
Aluminium Scrap: India Cuts Bids As A Possible ADC12 Decline Restrains Purchases
Indian aluminium scrap importers reduced their buying proposals in the week ended Wednesday July 29, penalized by a still-uncertain demand outlook and an increasingly cautious attitude. International suppliers instead maintained generally firm offers, widening the...
Kyushu Earthquake: Automotive Shutdowns Deepen Japan’s Aluminium Weakness
The 7.1-magnitude earthquake that struck Japan’s Kyushu region on Tuesday July 28 forced some of the country’s leading automakers and several component manufacturers to suspend operations. The shutdowns, announced and progressively extended between July 28 and July...
European Nickel Briquette Premiums Rise Despite Summer Weakness
European nickel premiums showed a slight strengthening in the week ended Tuesday July 28, with the most evident movement concentrated in briquettes. In a thin and illiquid physical market, limited availability of premium brands produced by a restricted number of...