April 17, 2024

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.

April 17, 2024

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.

April 17, 2024

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.

April 17, 2024

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.

April 15, 2024

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. 

April 15, 2024

Metals whipsawed as sanctions on new Russian supplies rattle LME

Aluminum jumped as much as 9.4% as the market opened, the most since the current form of the contract was launched in 1987.

April 15, 2024

New metals sanctions push Russia further into China’s embrace

The sanctions now leave the Shanghai Futures Exchange as the only major commodities bourse in the world to accept Russian shipments.

April 15, 2024

Iron ore climbs to multi-week high on lower shipments, hopes of China stimulus

Iron ore shipments from top suppliers Australia and Brazil tumbled by 28.8% week-on-week.

April 14, 2024

Gold prices at a record high are keeping pawn shops busy

Record prices pushing toward $2,500 an ounce are proving hard to resist.

April 12, 2024

An eye-watering squeeze in copper ore is firing up the bulls

An index of deals compiled by CRU shows the discount for copper ore – known as treatment and refining charges – has fallen to a record low in data going…