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The metals and mining markets are constantly changing. Stay connected to the stories driving change across the global metals markets, including the lasting effect of Russia’s invasion of Ukraine, energy price hikes, trade flow disruptions and the pull of decarbonization targets.
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Broader markets are mixed this morning, Wednesday March 4, with markets in Asia generally weaker, while the London Metal Exchange base metals and western equities are recovering after having taken fright from the United States Federal Reserve’s rate cut on Tuesday.
Base metals prices on the Shanghai Futures Exchange were mostly down during morning trading on Wednesday March 4, with novel coronavirus (2019-nCOV) jitters resurfacing after the United States Federal Reserve dropped interest rates by 50 basis points in an emergency cut.
Here are five Fastmarkets stories you might have missed on Tuesday March 3 that are worth another look.
Shindachi – a Japanese grade of busheling – is one of the cleanest and highest-yield materials in the scrap sector, but a sharp drop in prices over the last year has made the product increasingly attractive to overseas buyers.
After strong rallies in US equities at the start of the week that saw the Down Jones Industrial Average (DJIA) close up by 5.09%, markets are getting some comfort this morning from the prospect of easier monetary policy, which is helping them keep the negative impacts from the novel coronavirus (2019-nCoV) in the background.
Here are five Fastmarkets stories you might have missed on Monday March 2 that are worth another look.
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