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Tin Rallies In Shanghai: Falling Stocks And Artificial Intelligence Demand Support The Market
Base metals listed on the Shanghai Futures Exchange recorded a predominantly positive performance during the morning of Wednesday July 29, with tin clearly leading the gains. The most-traded contract for the metal rose by 1.68%, reaching 411,610 yuan per tonne,...
US Hot-Rolled Coil Above $1,170: Strong Demand And Limited Supply Support The Market
Hot-rolled coil prices in the US Midwest remain above $1,170 per short ton, supported by still-robust demand and limited availability of material for prompt delivery. The market recorded a slight daily correction on Monday July 27, but the benchmark remains above the...
India Reopens The Path To Polymer Banknotes: The RBI Launches A New Pilot Project
The Reserve Bank of India has started the process of introducing polymer banknotes into the national monetary system, reopening a project that was already tested unsuccessfully in 2012. The Indian central bank has invited international manufacturers to express their...
Manganese Ore, Chinese Weakness Pushes Prices Below Pre-Crisis Levels
The Chinese manganese ore market closed another week marked by weakness. Prices for seaborne high-grade and semi-carbonate cargoes declined further, while quotations at Chinese ports continued to lose ground under the weight of high inventories, reduced alloy...