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Base Metals Weak on Shfe: Nickel Leads Down on June 17
Major base metals traded on the Shanghai Futures Exchange (SHFE) posted a negative performance in the morning session on Tuesday, June 17, with most prices declining from the previous day’s close. The sharpest decline was in nickel, which fell 1.03% to 118,460 yuan...
Oil Rally: Prices Up 12% On Missiles, Tensions And Regional Fears
Crude oil prices have surged 12% in the past week, marking a second consecutive weekly gain after a 4% gain the week before. The spark for the surge was mounting tensions between Israel and Iran, particularly Israeli missile attacks on Iranian nuclear and military...
India’s Strategic Shift: Stopping Rare Earth Exports to Japan
In a bold and highly symbolic move, the Indian government has ordered state-owned IREL (India) Ltd. to suspend a rare earth export deal with Japan that has been in place for over thirteen years. The decision, revealed by Reuters, represents a shift in New Delhi’s...
Temporary Stability After Increase: Scrap Market Enters Stagnation
After a phase of increase recorded in the previous weeks, the ferrous scrap market now seems to have stabilized. In the last week, prices have remained almost unchanged, but according to various operators in the sector, slight declines could be imminent. The main...