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Base metals like copper, aluminium, nickel and alumina are some of the world’s most frequently traded commodities. With so many forces bearing down on the base metals market, win-win outcomes for negotiations depend on the depth and breadth of your understanding of the market.
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South Africa’s 21-day lockdown aimed at curbing the spread of the Covid-19 virus has highlighted the cobalt market’s dependence on the shipping route out of Durban.
The South African port authority is looking to reserve Durban port for the shipment of essential goods only, revoking a separate statement by the country’s maritime authority to allow processing of metals cargoes during the 21-day lockdown, Fastmarkets has learned.
South Africa will now allow metal cargoes to be shipped from the Port of Durban during the country’s 21-day lockdown, after many suppliers failed to find alternative export routes over the past week.
Here are five Fastmarkets stories you might have missed on Tuesday March 31 that are worth another look.
Here are five Fastmarkets stories you might have missed on Monday March 23 that are worth another look.
Physical trading for copper in China has ground to a halt after the tumbling copper price on the Shanghai Futures Exchange (SHFE) startled the market, Fastmarkets heard.
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