A perfect storm for the European metals industry – high energy prices, tight labour market, and weakening demand. We have seen nonferrous production curtailed across the whole continent as gas prices have soared. At the same time, metal prices have been in decline from their recent highs as demand forecasts are continually set lower. Consumer
Many regard the October Party Congress as critical meeting of the CCP where will we see the new politburo unveiled. Most importantly is the appointment of Xi Ji Ping for his 3rd term as party general secretary. But the big question people are asking is will China announce a relaxation of its Zero Covid
Last week the LME launched a 3 week discussion process on the possibility of banning Russian metal from the exchange. It could be implemented as early as November. Some say “too little too late”. Others argue that since these metals are not sanctioned, the LME should continue to allow delivery. Of course many consumers and
Will the LME ban the delivery of Russian metal to the exchange? Read More »
