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The fate of the steel world continues to hang in the balance: Numerous scrapyards have stopped operations, blast furnaces around the world have stopped and aggressive offers by traders for Russian and Indian supply have pushed prices down further.
Fastmarkets has corrected its copper grade-A cathode premium, in-whs Shanghai, which was published incorrectly on Tuesday April 7 due to an input error.
Spot cobalt hydroxide deals are being concluded on a fixed-price basis while buyers and sellers seek to shield themselves from market volatility expected to come from measures taken to curb the global spread of the coronavirus.
London Metal Exchange three-month base metals prices were broadly trading in negative territory during the morning session on Wednesday April 8, with the gains made in the previous day’s short-covering rally ebbing away.
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