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Industrial metals: the sector follows the trend of the Chinese stock market
The Chinese stock market reacted to Beijing's turnaround on COVID infections with a surge in prices, particularly for technology stocks. Due to the strong correlation with the stock market, metal prices have continued to rise since December. The expectation is that...
Copper: falling prices ahead of Fed meeting
Copper prices fell on Tuesday after traders exercised caution ahead of an eventful week that will include central bank meetings and physical demand in main consumer China remained stagnant. Three-month copper on the London Metal Exchange settled at $9,088 a tonne...
Aluminium: Glencore delivers 40,000 tons of Russian product to the LME
According to market sources, commodities trader Glencore has delivered 40,000 tonnes of Russian aluminium to London Metal Exchange (LME) approved warehouses in the South Korean port of Gwangyang. An accumulation of Russian metal could relieve the market of the concern...
HRC steel: Chinese production increases by 4.7% in 2022
According to the National Bureau of Statistics (NBS), China's production of hot-rolled coil (HRC) steel amounted to 187.8 million tonnes in 2022, up 4.7% year-on-year. In the same period, China's production of cold rolled coils (CRC) was 42.192 million tonnes, down...