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New Copper Smelting Capacity Advances Despite Historically Low TC/RCs
Global copper smelting capacity continues to expand, with more than 800,000 tonnes per year of new capacity moving steadily toward production readiness, despite treatment and refining charges (TC/RCs) sitting at historically low levels. According to Commodity...
China-Origin Metal Flows Reshape LME Stocks In December
China-origin metal flows had the largest impact on London Metal Exchange (LME) stock movements in December, according to the exchange’s latest country-of-origin data.While Chinese-produced tin and zinc helped ease tight supply conditions, outflows of China-origin...
Base Metals Ease On The SHFE: Nickel Leads Losses While Tin Rebounds
The morning session on Tuesday January 20 saw most base metals traded on the Shanghai Futures Exchange (SHFE) move lower, amid increasing caution among market participants. Nickel led the losses, while tin moved in the opposite direction, supported by strength in...
The Cobalt Market Enters A New Phase Of Tightness Amid Congo Restrictions And The Search For Alternatives
After a period of oversupply in early 2025, the global cobalt market is rapidly shifting toward a structural deficit, with shortages expected as early as 2026. This transformation has been driven primarily by export restrictions imposed by the Democratic Republic of...