Spectacular copper price rally only gaining momentum

A double digit runup in copper just in April lifts the orange metal to within sight of $10,000/tonne as warnings prices are running ahead of fundamentals emerge.

Frik Els | April 19, 2024 | 9:44 am

Iron ore price set for second weekly gain on improving China demand

Iron ore has gained more than 15% so far this month.

Reuters | April 19, 2024 | 6:10 am

Column: Funds buy back into copper’s supercycle credentials

The impact of fund flows on the current price dynamics may be a harbinger of things to come.

Reuters | April 18, 2024 | 7:40 am

Biden calls for tripling of tariffs on Chinese steel

The Biden administration is also pressuring neighboring Mexico to prohibit China from selling its metal products to the United States indirectly from there.

Reuters | April 17, 2024 | 8:34 am

Russia and China trade new copper disguised as scrap to skirt taxes, sanctions

Russian RCC and Chinese firms have avoided taxes and skirted the impact of sanctions by trading in new copper wire rod disguised as scrap.

Reuters | April 17, 2024 | 8:25 am

Traders are already gaming the new Russian metal sanctions

The opportunity lies in massive piles of Russian metal already sitting in the LME global warehouse network.

Bloomberg News | April 17, 2024 | 6:06 am

Iron ore price hits over 5-week high on improving steel market, pre-holiday restocking

Near-term ore demand will remain solid as mills show increasing willingness to resume production after an improvement in margins and downstream demand, said analysts.

Reuters | April 17, 2024 | 5:51 am

Short squeeze fears grip tin as LME says it’s watching market

Tin's 25% advance in 2024 puts it well ahead of more closely-watched commodities like copper or crude oil.

Bloomberg News | April 17, 2024 | 5:37 am

Copper price at fresh high as satellite data shows sharp Chinese smelter cutbacks

China’s Copper Smelter Purchase Team appears to be making good on promises of cutbacks with end-March inactivity at refiners jumping to 12.8% compared to 4.1% a year ago.

Frik Els | April 15, 2024 | 5:42 pm

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