Metal

Copper prices fell to their lowest levels in two weeks on Tuesday, primarily driven by a stronger dollar and concerns over demand in China, the world’s largest consumer of the metal. The decline was exacerbated by uncertainties surrounding potential U.S. tariffs on imports. Key Highlights:Market Performance: Benchmark copper prices (CMCU3) on the London Metal Exchange […]

Some Japanese aluminium buyers have reached an agreement to pay a premium of $228 per metric ton over the benchmark price for shipments scheduled from January to March. This marks a 30% increase from the current quarter, according to two sources involved in the discussions. Key Highlights:Quarterly Increase: This agreement represents the fourth consecutive quarterly […]

Ten European Union (EU) countries have proposed additional sanctions targeting Russian trade, particularly focusing on metals like aluminium, to further diminish Russia’s revenues and funding for its ongoing war in Ukraine, as revealed in a letter obtained by Reuters. Key Highlights:Current Sanctions Landscape: The EU’s sanctions list currently includes over 2,000 individuals and entities, but […]

Russia’s Norilsk Nickel (Nornickel), the world’s largest producer of palladium and a significant refined nickel supplier, announced on Friday its intention to sell all of its production in 2025, despite facing challenging conditions in the metals market. Key Highlights:Market Context: Nornickel is not directly subject to Western sanctions, but restrictions against Moscow have led many […]

Gold prices experienced a decline on Friday after reaching a five-week high in the previous session, influenced by a strengthening U.S. dollar. However, the precious metal is on track for a weekly rise, buoyed by expectations of a potential rate cut by the Federal Reserve next week. Key Highlights:Current Pricing: Spot gold (XAU=) fell 1.1% […]

Argentina’s mining exports are set to increase by nearly 6% this year, driven by higher sales of lithium, gold, and silver, according to Roberto Cacciola, head of the country’s leading mining association, CAEM. Key Highlights:Export Growth: The mining sector is estimated to generate approximately $4.3 billion in exports this year, up from $4.06 billion in […]

Rio Tinto is making significant strides in South America, expanding its lithium production plans in Argentina and positioning itself to potentially partner with Chilean state miner Codelco on a new lithium project. Key Highlights:Strategic Moves in Lithium: Rio Tinto aims to solidify its status as one of the largest lithium miners globally, crucial for electric […]

Recent events, including the arrest of mining executives in Mali and the seizure of a French-run uranium site in Niger, have created uncertainty for Western miners operating in West Africa. This situation has raised concerns about future investments in the region, despite day-to-day production remaining largely unaffected. Key Highlights:Current Situation: The arrests of executives from […]

The White House confirmed on Tuesday that a national security review of Nippon Steel’s $15 billion bid for U.S. Steel is still in progress. President Joe Biden will await the results of this review before deciding whether to block the acquisition, although he has expressed opposition to the deal. Key Highlights:Market Reaction: Following a Bloomberg […]

China is inviting public feedback on draft guidelines aimed at measuring greenhouse gas emissions in the steel industry, as part of its broader strategy to integrate steel mills into the national carbon market. Key Highlights:Draft Guidelines Announcement: The Ministry of Ecology and Environment announced the guidelines on Friday, emphasizing the need for standardized measurement of […]