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Copper: price rebound as Las Bambas outages fuel concerns
Copper prices rebounded Friday on the back of production disruptions in Peru, the world's second-largest copper producer, which fueled fresh concerns about the metal's supply in the face of low inventories. Three-month copper on the London Metal Exchange was up 2.90...
CRC steel: European Commission confirms anti-dumping duties to China and Russia
The European Commission has confirmed the extension of EU anti-dumping duties on imports of Chinese and Russian cold-rolled coils for another five years. The decision is the result of the expiry review of existing duties initiated in August last year, following a...
Aluminum: Zhongwang Holdings’ run ends
Recent news about aluminum supplies continues to be submerged in the Zhongwang Holdings controversy. Many recall the 2019 case when U.S. prosecutors accused six Southern California companies of evading duties on aluminum imports. The organizations had ties to...
Fed: rate hike boosts strength of U.S. $ – To what extent
The Federal Reserve has raised the cost of money by 75 basis points, now between 3.75 and 4 percent, to counter the run-up in inflation. But the fourth consecutive hike of this magnitude, and sixth since the beginning of the year, while not closing the loop may...