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Data Centers And AI Reshape US Metals Demand
The rapid expansion of data centers in the United States is transforming the composition of metals demand, creating new outlets for aluminum, copper, steel, indium, gallium and graphite. The growth of artificial intelligence does not produce only greater demand for...
China NPI: Prices Decline Amid Stainless Weakness And Scrap Competition
Chinese nickel pig iron prices recorded a slight decline in the week ended Friday, August 21, penalized by weak stainless-steel demand, limited spot liquidity and growing attention among steel mills toward steel scrap. Stainless-steel producers continued to purchase...
European Metals: Backwardation Pushes Copper And Zinc Out Of Warehouses
European physical copper and zinc markets remain characterized by weak demand and limited liquidity, but the strong backwardation on the London Metal Exchange is making it increasingly expensive to hold metal in warehouses. For traders and financiers, the problem...
SHFE Metals Rise: Zinc Leads The Market Amid Concentrate Tensions And Elevated Stocks
Base metals listed on the Shanghai Futures Exchange recorded a predominantly bullish performance on the morning of Wednesday, August 26, with zinc leading the complex thanks to a gain of 1.02%. Five of the six main contracts gained ground, while lead remained...