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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...
Original Post By Sohrab Darabshaw Provisional data for fiscal year 2020 from the Government of India show India became a net exporter of steel with an increase of 31.4% in March 2020. A CNBC report claimed India's steel consumption had touched the psychological barrier of 100 mil...
Original Post By Stuart Burns After the last crisis, China was instrumental in spurring global growth and helped pull the West and neighboring economies along with it. Through state stimulus, China achieved double-digit growth, far beyond what its underlying economy would have otherw...
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Lead is the fourth most used metal worldwide. Part of the base metal sector, this commodity is generally found in ores with other industrially important metals such as copper , zinc and silver . Because of its high resistance to corrosion, lead was once used in plumb...
Industrial metals such as metallurgical coal , aluminum and tin are key to much of the technology and infrastructure used in our daily lives. From aircraft frames to everyday appliances, industrial metals are everywhere, and investing in the industrial metals sector...
Lead is a soft, dense metal that is bluish-gray in color and has a bright luster when freshly cut. It is the fourth most used metal worldwide, part of the base metal sector, and is generally found in ores with other commodities like copper , zinc and silver . Because of its high resist...