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Westwin Elements Signs $1.7 Billion Nickel Agreements: First US Class 1 Refinery Opens
US-based Westwin Elements, set to become the first major nickel refinery in the United States, announced the signing of two multi-year offtake agreements with global metals trading giant Traxys, worth a total of more than $1.4 billion. The seven-year agreements...
Base Metal Prices Rise on the SHFE, With Tin Rising Strongly
During the morning trading session on Friday, August 1st, on the Shanghai Futures Exchange (SHFE), most base metal contracts saw increases in price, with the exception of aluminum, which declined slightly. Tin performed best, driven by signs of extremely tight supply...
Indian Aluminum Scrap Importers Remain Cautious: US Tariffs and Currency Volatility Weigh Down
For the second consecutive week, Indian aluminum scrap importers have been reluctant to conclude new bookings, due to the US announcement of new trade tariffs on imports from India, which took effect on August 1st. Several market participants reported this to...
Glencore Copper Production Collapses: -26% in First Half of 2025
Mining and commodities trading giant Glencore reported a 26% decline in copper production in the first half of 2025, highlighting the serious difficulties even the world's largest producers are facing in meeting growing demand in an increasingly unbalanced market. The...