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Base Metals Mixed In Shanghai, With Tin Sharply Higher
Base metals prices on the Shanghai Futures Exchange showed mixed movement during morning trading on Monday July 6, with tin clearly standing out from the rest of the complex. The market moved selectively, with slight positive changes for copper and zinc, limited...
Manganese Ore, The Force Majeure At Port Elizabeth Does Not Shake China
Transnet’s force majeure declaration at South Africa’s Port Elizabeth Bulk Ore Terminal, or PE BOT, has so far had a limited impact on China’s manganese ore market. Despite the importance of the terminal for South African exports, operators indicated that ample stocks...
USMCA, Washington Does Not Renew The Agreement In Its Current Form: North American Steel Moves Toward A New Phase Of Uncertainty
The administration of US President Donald Trump will not renew the US-Mexico-Canada Agreement in its current form, while still continuing to talk with Mexico and Canada, the United States’ two largest trading partners. The announcement came on Wednesday July 1 from...
Saudi Ferrous Scrap Rises, Eastern EAF Mills Surprise The Market
Ferrous scrap purchase prices increased at the beginning of the week at some major Saudi steel producers equipped with electric-arc furnaces, surprising a market that instead expected a weaker start to July. The move quickly changed sentiment, especially because it...