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Trump Raises Copper: Possible 50% Tariff Ignites Market Tensions
At a cabinet meeting on Tuesday, July 8, US President Donald Trump hinted that the long-awaited conclusion of the Section 232 copper investigation could be imminent, casting further uncertainty on a spot market that has already been severely destabilized for months....
China Nickel Pig Iron Prices Steady At 18-Month Low
China nickel pig iron (NPI) prices remained steady in the week ending Friday, July 4, at an 18-month low, while upstream nickel ore prices began to decline. Market sources attributed the trend to bearish sentiment and a gloomy near-term demand outlook. According to...
SHFE Nonferrous Metal Prices in Mixed Directions: Lead Down, Aluminum Up
Nonferrous metal prices traded on the Shanghai Futures Exchange (SHFE) showed mixed trends in the morning session on Tuesday, July 8. Lead was the metal that fell the most, while aluminum showed the largest gains. As of 10:30 a.m. (Shanghai time), compared to the...
Global Trade Talks Race Against Time as July 9 Deadline Nears
As the July 9 deadline approaches, U.S. trading partners are stepping up efforts to strike deals with the Trump administration in an effort to avoid a return to higher tariffs. More than 100 countries are expected to receive a 10% “reciprocal” tariff in the coming...