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Aluminum: Chinese trade increases, consolidating its status as a supply channel
The latest data on China's aluminum imports and exports indicate that the country is becoming a supply channel for the metal. Chinese imports of the metal in Q1 increased by more than 200% compared to Q1 2023. With the arbitrage window open, bringing metal into China...
Copper: price extends rally thanks to China’s factory activity boosting optimism
Copper headed for its biggest monthly rally in more than two years, extending gains above $10,000 a ton, with new data on Chinese factories bolstering hopes that economic recovery in the world's most metal-consuming nation can be sustained. The metal surged 15 percent...
BHP is considering a better proposal for Anglo American after rejection of offer
BHP Group is considering submitting a better offer for Anglo American after its initial proposal of $39 billion was rejected by the London-listed group. BHP is discussing a revised offer for Anglo American to be submitted in the coming weeks. Discussions are ongoing...
China’s aggressive exports hurt the market, demand in the EU will not recover before the second half
Murat Cebecioğlu, president of IREPAS, the global association of long steel producers and exporters, opened the 90th IREPAS meeting, which took place in Berlin from April 28-30. At the meeting attended by some 450 participants, including 105 representatives of 41...