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Hrc steel: increase in the price of chinese exports
Chinese export prices of hot-rolled coils (HRC) have strengthened significantly recently, reflecting spikes in international steel prices and improving overseas demand. The increases mainly followed global steel market trends because Chinese domestic market demand...
Nickel: price rose 25% in the morning
The price rose 25% (3 Months to $36,550/mt), leading the rally in industrial metals as supply concerns grew in the wake of escalating Russia-Ukraine conflict and sanctions against Moscow. April's most-traded nickel contract on the Shanghai Futures Exchange jumped 12...
Aluminum: Australian production could be affected by the conflict between Russia and Ukraine
Australian aluminum production could be affected by the Russia-Ukraine conflict if major aluminum company UC Rusal joins the growing list of Russian entities to be sanctioned. UC Rusal owns or partially owns aluminum refineries, smelters, and mines on five continents,...
Aluminum: Irish government will help Aughinish Alumina to allow it to continue operations
Simon Coveney, Minister of Foreign Affairs in Ireland, reported that he is willing to work with the management of Aughinish Alumina's Askeaton refinery to mitigate the impact of sanctions on Russia for its invasion of Ukraine. Coveney asked the European Commission to...