Loading
Russel Metals Acquires Seven US Service Centers From Kloeckner for $119 Million
Canadian-based Russel Metals, a leading metals distributor in North America, announced on Monday, September 29, that it has reached an agreement to acquire seven US service centers owned by Kloeckner Metals Corporation. The transaction is valued at approximately $119...
Zinc Market: Massive Withdrawals from LME Inventories Not Driven by Real Demand
In recent months, several traders have increased zinc withdrawals from LME-registered warehouses, but these movements do not appear to be linked to an increase in physical demand. LME inventories in Asia fell to 41,950 tonnes as of September 29, the lowest level since...
US Aluminum: Between Trump’s Tariffs and the Energy Challenge With Artificial Intelligence
In his second term, US President Donald Trump expanded Section 232 tariffs on aluminum imports, aiming to incentivize domestic primary production. The tariffs have pushed up the Midwest premium for P1020A aluminum, but industry players maintain that the real issue...
SHFE Base Metal Prices Steady, Copper Rises
During the morning session on Tuesday, September 30, base metal prices on the Shanghai Futures Exchange (SHFE) remained mostly stable, with copper posting the most significant increase. As of 10:30 a.m. local time, compared to Monday's 3:00 p.m. close, the most traded...