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Copper: prices fall on growing recession fears and strengthening dollar
Prices of copper and other base metals fell Tuesday (except for tin) on growing concerns that an economic recession could dampen demand for metals, while the dollar strengthened approaching new multi-year highs. Rising COVID cases in China, a major metals consumer,...
JSW Steel reports sequential decline in Q2 production
The drop in production is mainly attributable to the prolonged maintenance shutdown of JSW Ispat Special Products, unfavorable market conditions in the United States, and lower capacity utilization at other sites in India. Government tariffs on steel product exports...
Nickel: hedge fund Elliott and Jane Street authorized to sue LME
A London court has decided to authorize Elliott Investment Management and Jane Street to sue the London Metal Exchange for its handling of a controversial short squeeze on the nickel market in March. The two firms filed a so-called judicial review of LME shares in...
Aluminum: LME’s plans to deal with Russian metals trade seen as supporting China
The London Metal Exchange's plan to restrict Russian-origin metal from entering its warehouses could be a turning point for Chinese aluminum prices, along with support from the domestic production situation and production cuts. Chinese aluminum prices are expected to...