Metal

The European Union announced stricter limits on steel imports on Tuesday, slashing tariff-free quotas and imposing 25% tariffs on excess volumes to protect its struggling steel sector from a surge in foreign shipments. The measures, effective next month, aim to reduce imports by 15% and support domestic producers in reclaiming market share while accelerating investments […]

Copper prices soared to a near six-month peak on Tuesday, fueled by speculative buying tied to potential U.S. tariffs and a weaker dollar, with traders capitalizing on widening arbitrage opportunities between global markets. Key Developments:Dollar Softens: A weaker dollar (.DXY), driven by falling U.S. consumer confidence, amplified gains for dollar-priced commodities. Market Drivers: Trump’s Tariff […]

U.S. President Donald Trump announced Monday that a revenue-sharing agreement on Ukrainian critical minerals is nearing completion, while floating the idea of American firms owning Ukrainian power plants as part of ongoing peace negotiations. Key Developments: Critical Minerals Deal: Trump stated that a U.S.-Ukraine pact on revenue-sharing from Ukrainian mineral resources is expected to be […]

Gold Road Resources has rejected a $2.1 billion takeover bid from South Africa’s Gold Fields (JSE: GFI), calling the offer “highly opportunistic” and significantly undervaluing the company. The Australian miner instead proposed buying out Gold Fields’ stake in their Gruyere gold mine joint venture, but the offer was declined. Key Details: Gold Fields’ bid sought […]

The Democratic Republic of Congo (DRC) is considering extending its four-month cobalt export ban, introduced in February to address a global supply glut and stabilize prices, government spokesperson Patrick Muyaya said Friday. The ban, which has already driven cobalt prices up by over 50%, could be prolonged or replaced with new measures to maintain market […]

Canada’s Bank of Montreal (BMO) has adjusted mortgage terms for steel and aluminum industry workers, citing economic uncertainties fueled by U.S. tariffs. The bank reduced the maximum total debt service ratio (TDSR) for borrowers in these sectors from 44% to 42%, limiting their borrowing capacity and adding steel and aluminum to its list of higher-risk […]

Gold prices eased on Thursday after hitting a record high Fed Rate Cuts: Traders priced in 69 basis points of easing this year, with a July cut fully anticipated, supporting gold’s appeal in a lower-rate environment. Geopolitical Risks: Escalating Middle East tensions, including Israeli airstrikes in Gaza that killed 91 Palestinians, bolstered safe-haven demand. Economic […]

Nippon Steel has asked a U.S. court to dismiss a consumer lawsuit aiming to block its proposed $14.9 billion acquisition of U.S. Steel, calling the claims “baseless” and arguing that plaintiffs lack legal standing. The lawsuit, filed in February, alleges the deal would violate antitrust laws by consolidating the steel market and raising prices. Key […]

The European Union plans to tighten steel import quotas by 15% starting April, aiming to shield its struggling steel industry from a flood of cheap imports diverted by U.S. tariffs. The move, part of the EU’s Steel and Metals Action Plan, responds to President Donald Trump’s 25% steel tariffs, which have redirected millions of tons […]

President Donald Trump’s plan to impose port fees of up to $1.5 million per visit on ships built in China or operated by fleets with Chinese vessels is disrupting U.S. coal and agricultural exports, industry leaders warn. The proposed fees, aimed at reviving domestic shipbuilding, have already led to shrinking vessel availability, inflated costs, and […]