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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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Renewed selling interest on Friday May 17 has capped the upside from the slight rebound mid-last week and the metal markets generally look shaky in the early morning of Monday May 20.
Massive amounts of scrap metal are being held at Malaysian ports for unprecedented inspections and multiple copper cargoes still at sea are being diverted to other Asian countries at big discounts, sources told Fastmarkets.
Here are five Fastmarkets MB stories you might have missed on Friday May 17 that are worth another look.
Indonesian steelmakers are facing increased headwinds with political tensions in the country rising ahead of the presidential election result, due to be announced on May 22, and adding to the bearish sentiment in the Southeast Asian billet market.
Here are five Fastmarkets MB stories you might have missed on Friday May 10 that are worth another look.
While US-China trade talks continue, the market seems to be clinging on for an eleventh-hour deal this morning, Friday May 10, because key markets are holding up surprisingly well. But, if a deal does not miraculously emerge soon then further disappointment is likely to set in.
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