RJZ News and Press, AB Svensk Ekportkredit ELEMENTS Linked to the Rogers International Commodity Index - Metals Total Return Structured Product From 08/12/20

Original Post By Stuart Burns Following President Donald Trump's reimposition of 10% import tariffs on Canadian aluminum, the U.S.'s northern neighbor is now sweating the possible reimposition of steel tariffs. The U.S. imposed the Section 232 tariffs in 2018. Eventually, the U.S. li...

Original Post By Stuart Burns All the base metals have been on the up recently. Nonetheless, it would be naïve to put all such resilience down to a weakening U.S. dollar (supportive as that is for metals prices). Copper and aluminum have both seen fundamentals to some extent s...

Original post By Stuart Burns Aluminum does appear to be having a surprisingly strong post-pandemic recovery - in China, at least. Not that I am counting COVID-19 as beat. The pandemic is something we are going to have to live with, possibly for years to come. Some metals, like s...

Original Post By Stuart Burns All the base metals have been lifted by an expected end to lockdowns and a pickup in activity, particularly in China this quarter. The weakening U.S. dollar has added a further fillip in recent weeks. Despite recent gains, nickel price still down for...

Original Post By Stuart Burns A recent Reuters article looked at the seaborne iron ore market and suggests robust demand from China is offsetting weak demand from the rest of Asia and Europe, leaving a largely balanced global seaborne market. As a result, the article suggest...

Original post By Stuart Burns As we predicted last week , the LME to SHFE arbitrage window has closed. Investors were unlikely to leave that open for long and the resulting inflow of half a million tons of aluminum in May no doubt contributed to a narrowing of the delta. What wa...

Original Post By Stuart Burns President Donald Trump had scant regard, nor interest, in the impact his decision in 2018 to impose 25% import duties on steel products would have on other markets around the world - his focus was, reasonably enough, purely on the U.S. But when a marke...

Original Post By Stuart Burns As much of the rest of the base metals were lifted this week, nickel remained subdued. This comes despite an announcement by the Indonesian government that it would relax exports of many minerals but keep in place a ban on nickel ores. According to ...

Original Post By Stuart Burns Aluminum prices have been on an upward trend the last week or two, currently holding comfortably above $1,500 per ton for spot cash after months in the $1,400s. The market, though, is undergoing convulsions. The spot price is being driven up by physi...

Original Post By Stuart Burns Nickel prices have seen support in recent months more from supply-side concerns. Initially, support came from bringing forward of Indonesia's raw material export ban, More recently, support came from concerns the coronavirus pandemic would shut down mi...