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Labour disputes resolved at major Canadian ports, but trade landscape remains uncertain
Last week, Canada's Minister of Labour put an end to labour disputes that had paralysed the country's major container ports, one on the west coast and the other on the east coast. The Industrial Relations Board ordered the resumption of operations at the ports of...
Gold on the rise: two days of gains amid weak US dollar and expectations about the Fed’s monetary policy
Gold prices recorded a second consecutive day of gains, hitting a one-week high on Tuesday, 19 November, as the US dollar weakened and investors awaited comments from Federal Reserve officials on upcoming interest rate moves. The spot price of gold rose 1 percent to...
Steel prices in Northern Europe: producers’ ambitions and market realities
Northern European producers maintained their price targets for hot-rolled coils (HRC) with delivery in Q1 2025 between €600 and €620 per tonne ex-works (equivalent to about $632-653). However, no transactions were reported at these levels, a sign of weak demand or...
Nickel Market 2024: Between oversupply, global challenges and demand for EV batteries
In 2024, the nickel market experienced a first half of the year characterised by strong price momentum, driven by speculation and general optimism in the commodity sector. However, the second half of the year saw a reversal, with a significant drop in prices due to...