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Copper prices on the Shanghai Futures Exchange (SHFE) outperformed during Asian morning trading on Wednesday May 23 as the US dollar weakened.
Check Metal Bulletin’s live futures report here.
Aluminium premiums in both Asia and Europe fell again this week, with pre-US sanction Russian metal becoming more available and unfavorable spreads for holding metal continuing to pressure the market globally.
US domestic copper premiums moved up for the first time since late January this week amid rising freight rates, costly fuel surcharges and the expectation for further rate hikes from the US Federal Reserve.
As the cobalt community gathers in Las Vegas for the Cobalt Institute’s annual conference, Metal Bulletin takes a look at some of the key topics likely to dominate discussions at this year’s event.
The US Midwest aluminium premium has stayed flat, with market participants telling American Metal Market that they are in a holding pattern until clarity on Section 232 exemptions is provided.
Aluminium scrap markets in the United States saw mixed movements over the past week, with gains on the London Metal Exchange boosting certain mill-grade scrap tags while smelter-grade prices held mostly firm despite some signs of wear.
Canada-based minerals supplier Cobalt 27’s Electric Metals Streaming subsidiary has entered a metal purchase and sale agreement with Ramu Nickel (RNL) for cobalt and nickel produced at the Ramu mine in Papua-New Guinea, Metal Bulletin has learned.