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IREPAS Report: A Global Steel Market in the Balance
The latest report published by the Global Association of Long Products Producers and Exporters (IREPAS) offers a clear but worrying picture of the current state of the global steel market. The balance between supply and demand is fragile, with a number of factors...
Sharply Declining Nickel Prices: A Market Analysis
In June, nickel prices suffered substantial losses, qualifying as the worst base metal with a drop of over 14%. Prices fell more than 19% from their peak on 20 May to the beginning of June, as they continued to search for a new low. Bearish Conditions and Strong...
EU Imposes Duties on Chinese Electric Vehicles: A Step Towards Fair Trade?
On Thursday, 4 July, the European Union (EU) demonstrated its commitment to fair trade by imposing additional duties of up to 37.6 per cent on electric vehicles from China, citing the impact on the domestic market due to unfair government subsidies. The EU decision...
Revival of Trading Volumes at the London Metal Exchange: An Awakening Awaited for Years
In the second quarter of 2024, trading volumes at the London Metal Exchange (LME) recorded an impressive 27 per cent increase, hitting their highest peak in a decade. This significant increase was mainly driven by the nickel contract, which led activity among the...