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Treatment Charges Turn Increasingly Negative: Smelters Active And Copper TCs At Record Lows
The copper concentrates market recorded a further deterioration in treatment charges (TCs) in the week ended Friday January 30, with the implied smelter index falling below minus $50 per tonne for the first time and the headline spot benchmark plunging to a fresh...
Alumina Between Weakness In Australia And Production Cuts In China
The FOB Western Australia (WA) alumina market recorded a week-on-week decline, in a context characterized by low activity levels and progressively weakening sentiment. At the same time, the Chinese domestic market is facing production cuts and maintenance shutdowns,...
Base Metals On The SHFE Fall: Tin Leads Losses Amid Macro Caution And Profit-Taking
Base metals prices on the Shanghai Futures Exchange (SHFE) recorded a marked decline during the morning session on Monday February 2, with tin posting the largest drop across the entire complex. The move reflects a return of caution among market participants, in a...
LME Base Metals Between All-Time Highs And Profit-Taking: Volatile Week Without Clear Direction
After a week characterized by strong swings, three-month base metals prices on the London Metal Exchange (LME) were almost unchanged from the previous week in early trading on Friday January 30, despite the reaching of new all-time highs on Thursday. Copper and tin...