Stay updated with breaking news from Metals metal. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Metal prices rose across the board as macro tailwinds continued to provide support. Despite pushbacks from the downstream physical market, copper managed to continue its parabolic run, approaching its decade high, with LME 3M prices hitting an intraday high of US$9,765/t yesterday. Further stoking the spike is strike action at Chilean ports, which is threatening exports of copper concentrate amid an already fairly vulnerable supply picture. The relative strength in LME copper versus Shanghai, however, has led to an open export arbitrage for some players, which may potentially deter some speculative buying in London in the very short term. The speed of copper s seasonal destocking is lagging due to its high prices. In addition, there were reports that spot treatment charges rose for the first time since last August, possibly an early sign that spot TCs may be bottoming, but still too early to call. Energy ....
600 Beschäftigte bei Brose im Warnstreik mainpost.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mainpost.de Daily Mail and Mail on Sunday newspapers.