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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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Dive deeper into the stories impacting your markets with Fastmarkets’ in-depth news and analysis of the global metals market
With the exception of lead and tin, base metals prices on the Shanghai Futures Exchange were up during Asian morning trading on Wednesday February 20, with the complex broadly benefiting from a softer dollar and optimism surrounding the latest round of trade talks between China and the United States.
US automotive industry groups have voiced concerns about potential Section 232 tariffs on imports of vehicles and vehicle parts, arguing that such trade duties would have damaging effects across the industry.
Global miner Eurasian Resources will place its Boss Mining copper-cobalt unit in Democratic Republic of Congo on care and maintenance at the end of February 2019, the company has told Fastmarkets.
London Metal Exchange’s forward price spreads for copper have swung into the widest backwardation in almost four years as the market rolls positions for key third-Wednesday positions.
Whisper it: London Metal Exchange base metal price movements are increasingly being driven less by trade-war dominated macro headlines and more by fundamentals.
The three-month base metals prices traded on the London Metal Exchange were mixed and little changed on the morning of Tuesday February 19.
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