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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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Price gains inspired by the trade developments at the Group of Twenty (G20) summit over the weekend were sold into during afternoon trading on Monday December 3, but likewise the dips have been bought into again this morning.
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Tuesday December 4.
Base metals prices, bar those for tin, on the Shanghai Futures Exchange were all down during Asia morning trading on Tuesday December 4, with investors taking profits following the strong performance by the complex on Monday.
The new 65% Fe iron ore derivatives launched by the Singapore Exchange (SGX) have registered 150,000 tonnes of cleared trades on their first day of trading, the exchange said on Monday December 3.
The Singapore Exchange (SGX) launched the world’s first high-grade iron ore derivatives on Monday December 3, ushering in what has been described as the next stage of evolution for the steelmaking raw materials market.
Some progress at the Group of Twenty (G20) summit on US-China trade has given the three-month base metals prices on the London Metal Exchange a boost, up by an average of 1.4%.
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