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US Aluminium Association Renews Request for Sustainable Trade Agreement with EU
On 28 June, the US Aluminium Association renewed its call for further work on a proposed metals trade agreement, which is currently in a "dormant" state. This agreement would see the US and EU governments cooperate in the sustainable production and trade of steel and...
Hedge Funds Bet on Cobalt: Opportunities and Risks in the Battery Metal Market
In recent months, hedge funds such as Anchorage Capital Advisors and Squarepoint Capital LLP have begun to build significant positions in the cobalt market, buying physical material. This move has been stimulated by falling spot prices and increased liquidity in the...
China’s Economic Recovery: A Complex and Contradictory Challenge
Clearly, the Chinese economy has not yet returned to a path of full recovery, as evidenced by the mixed data for May released on Monday. According to data from the National Bureau of Statistics (NBS), industrial production in China increased 5.6 per cent in May 2024...
European Commission Approves Acquisition of Mannesmann Stainless Tubes by Cogne Acciai Speciali
The European Commission (EC) recently gave the green light to the acquisition of Mannesmann Stainless Tubes (MST) by Italy's Cogne Acciai Speciali. The strategic move, first announced in February, came at a cost of €135m ($144.5m). Cogne's stated goal is to expand its...