Metal

On Tuesday, Mexico, Canada, and the European Union expressed strong opposition to U.S. President Donald Trump’s decision to impose tariffs on all steel and aluminum imports, a move that has raised concerns about a potential trade war. Business and political leaders in the U.S. are bracing for further trade duty announcements from the new administration. […]

The price of copper in the United States surged dramatically on Monday after President Donald Trump advanced plans to impose tariffs on industrial metals, including copper. The premium for U.S. Comex copper futures over those traded on the London Metal Exchange (LME) skyrocketed to a record $920 per metric ton, up from $558 just days […]

President Donald Trump announced a significant increase in tariffs on aluminum and steel imports, raising the rates to a flat 25% without exceptions or exemptions. This move aims to support struggling domestic industries but raises concerns about a potential multi-front trade war. Key Highlights:Tariff Changes: The tariff on aluminum has been raised from 10% to […]

Barrick Gold, the Canadian mining giant, reported a significant increase in its overall proven and probable gold reserves for 2024, driven primarily by its Reko Diq copper-gold project. Key Highlights:Reserve Increase: Barrick’s total gold reserves rose by 23% to 17.4 million ounces at the end of 2024.The company added 13 million ounces of gold to […]

A coalition of U.S. consumers has filed a lawsuit against Nippon Steel to prevent its proposed $14.9 billion acquisition of U.S. Steel, citing concerns over reduced competition and potential price increases for various products. Key Highlights:Lawsuit Details: The lawsuit was filed on Wednesday in federal court in San Francisco, California, alleging that the merger violates […]

David McCall, President of the United Steelworkers (USW) union, has filed a motion to dismiss the lawsuit brought against him by U.S. Steel and Nippon Steel. The lawsuit was initiated following the blocking of a $14.9 billion bid for U.S. Steel by Nippon Steel, which was halted by then-President Joe Biden earlier this year. Key […]

Sigma Broking, a notable member of the London Metal Exchange (LME), is reportedly in discussions to sell its brokerage business just three years after joining the exchange. This move comes as the firm faces increased capital requirements and a challenging trading environment. Key Highlights:Background: Sigma became the first new floor-trading member of the LME in […]

Copper prices soared to their highest levels in over two months on Friday, fueled by increasing investor optimism regarding a potential trade deal between the U.S. and China following comments from President Donald Trump. Key Highlights:Current Copper Prices: Three-month copper (CMCU3) on the London Metal Exchange (LME) rose 0.4%, reaching $9,270 per metric ton by […]

Gold prices experienced a significant uptick on Friday, climbing over 1% and nearing their all-time high from October. This surge is attributed to a weakening U.S. dollar amid President Donald Trump’s calls for lower interest rates and ongoing tariff uncertainties. Key Highlights:Current Gold Prices: Spot gold (XAU) rose by 0.7%, reaching $2,772.79 per ounce by […]

Alcoa CEO William Oplinger stated that if the U.S. imposes tariffs on Canadian imports, the company is likely to redirect its aluminum production from Australia to the U.S. This potential shift highlights how tariff structures could disrupt global metal shipping flows, leading to increased costs for consumers worldwide. Key Highlights:Tariff Implications: President Donald Trump has […]