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This time yesterday base metals prices were down across the board, but with the exception of Shanghai Futures Exchange tin, they were all up during morning trading on Friday September 18 – showing sentiment remains bullish overall with dips being bought.
Asian seaborne lithium market ended its over two-month steady streak on Thursday September 17 with lower prices captured on the spot market, while China’s domestic spot battery-grade lithium markets remained firm with producers insisting on higher prices.
Prices for cargoes of steel scrap imported into South Korea have dropped over the past week amid lower demand from mills that will take rounds of maintenance during the next few months, sources told Fastmarkets on Friday September 18.
Talks between United Steelworkers union Local 1016-3 and NLMK USA management in Farrell, Pennsylvania, have advanced somewhat, with some tentative progress regarding health insurance benefits; but several issues remain outstanding and won’t be addressed until next week, when talks are expected to resume, one union leader said.
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