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Copper: TC/RC Still in Negative Territory, Spot Market Stalled Between Smelters and Traders
In the week ending August 29, the spot copper concentrate market showed little progress, with trading virtually at a standstill. Smelters continued to submit offers in the range of -$38/-$39/t (mid-to-high -30s $/t) for clean concentrates to be loaded in the final...
Brazilian Steel Industry: A “Very Difficult” Second Half of 2025 Amid Record Imports and Declining Margins
Brazil's steel industry is bracing for a particularly challenging second half of 2025, according to CEOs of the country's major steel mills at the Instituto Aço Brasil annual conference in São Paulo. Trade defense policies adopted so far have failed to stem the influx...
Xi–Modi Summit in Tianjin: Constructive Dialogue on Bilateral Relations and the Role of the SCO
On the afternoon of August 31, 2025, President Xi Jinping of the People's Republic of China met with Indian Prime Minister Narendra Modi at the Tianjin Guesthouse, during Modi's visit to China to attend the Shanghai Cooperation Organization (SCO) Summit. The meeting...
United States: Court of Appeals Declared Trump’s Global Tariffs Illegal, But the Case Now Moves to the Supreme Court
The U.S. Court of Appeals has ruled that the global tariffs imposed by the Trump administration on numerous international trading partners—including China, Mexico, and Canada—are illegal. The judges held that these measures could not be justified under the...