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El Niño Rekindles The Energy Risk For European Metals
A possible strengthening of the El Niño phenomenon is bringing the attention of European metals markets back to the most delicate theme of recent years: energy cost. The climate risk arrives at a time when European energy infrastructure is already under strong...
SHFE Base Metals Fall Across The Board, With Tin Still Under Pressure
Base metals prices on the Shanghai Futures Exchange recorded a generalized decline in the morning of Wednesday May 20, confirming a more fragile market and one sensitive to the worsening of the Chinese macroeconomic picture. After some sessions characterized by mixed...
Manganese Ore Slips In China Amid High Stocks, Weak Futures And Cautious Buyers
The seaborne manganese ore market delivered to China closed the week ended Friday May 15 lower, weighed down by weak sentiment, falling port-side prices and still elevated stocks in the main Chinese logistics hubs. Downward pressure extended both to high-grade...
Turkish Scrap Remains On Pause Before The Holidays, But Steel Mills Prepare New Purchases
The Turkish deep-sea ferrous scrap market remained quiet at the start of the week, ahead of the national and religious holidays that will reduce commercial activity in the coming days. After a week with few concluded transactions, operators nevertheless expect steel...