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Iron and steel: Turkish exports up while imports fall
According to preliminary foreign trade data compiled by the Turkish Statistical Institute (TUIK) and the Undersecretariat of Customs, Turkey's foreign trade deficit increased by 38.4 per cent in January this year compared to the same month last year, to USD 14.24...
Nickel: the market moved from deficit to surplus in 2022
The supply of nickel, a key metal element for electric vehicle (EV) batteries, exceeded demand by 112 K tonnes last year, the largest surplus since 2014. You wouldn't know it by looking at the London Metal Exchange (LME), where registered nickel stocks have fallen by...
Aluminium: prices shrug off 200% US duties on imports from Russia
Aluminium prices on the London Metal Exchange (LME) eased on the back of the US decision to impose heavy tariffs on Russian metal. One year after Russia's invasion of Ukraine, the US said it would impose a 200% tariff on Russian-produced aluminium from 10 March,...
Sanctions and tariffs: the US hits Russia on the anniversary of the war in Ukraine
The US marked the first anniversary of the Russian invasion of Ukraine by announcing new sanctions against Russia and its allies, new export controls, and tariffs aimed at undermining Moscow's ability to wage war. Washington also said it would provide an additional $2...