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Copper: Yangshan premium close to 0
The 'Yangshan Copper Premium - China' is a key indicator of Chinese demand, and has just dropped close to 0, another indication that global prices are not in balance with what buyers in the larger market are willing to pay. Premiums paid for imported refined copper...
The US will continue to tighten its chains on Russian energy projects
According to US Assistant Secretary of State for Energy Resources Geoffrey Pyatt, US sanctions against Russian oil and natural gas are working and the US will continue to tighten them to hinder Russia's efforts to develop new ways to export fossil fuels. The Biden...
Copper: price approaches $10,000/mt
Copper neared $10,000 a ton, touching a new two-year high, as investors continue to bet that miners will struggle to meet rising demand for the benchmark industrial metal. Base metals have posted broad gains in recent weeks, and copper opened Monday with a new advance...
Asian steel and scrap will face headwinds in second quarter
The Asian steel market is set to face challenges in the second quarter due to the bearish outlook for China's real estate and construction sector and weakening raw material costs. Demand for ferrous scrap has been modest in all regional markets, with some Asian mills...