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Weakness Of Base Metals On The SHFE Despite China’s Rate Cuts
On the morning of Wednesday, May 7, prices of most base metals traded on the Shanghai Futures Exchange (SHFE) were bearish despite the announcement of new monetary easing measures by the Chinese government. A comparison of the most traded June contract quotes at 10:30...
Aluminum Premiums In Tension: Markets Firm In West, Pressure In Asia
During the week ended Tuesday, May 6, global aluminum markets showed little responsiveness due to a combination of national holidays and macroeconomic uncertainties, which kept premiums largely unchanged. However, slight declines were observed in parts of Asia,...
Negative Climate In European HRC Market As Producers Resist Declines
The European hot-rolled (HRC) steel market continues to show weak instability, with a negative mood among traders, despite steel plants' efforts to maintain current price levels. According to what market participants gathered on Tuesday, May 6, supply is running up...
Ford Contains Impact Of Duties And Reconfirms Profitability Targets For 2025.
During the first-quarter results conference call on Monday, March 5, Jim Farley, president and CEO of Ford Motor Company, announced that the company will be able to offset $1 billion out of a total projected exposure of $2.5 billion to tariffs, while maintaining its...