Week in Review: Tariffs on Argentina, Brazil?; nickel prices slide; Saudi Aramco debuts on Riyadh exchange
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner:
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- Stuart Burns on President Donald Trump’s recent announcement regarding tariffs on steel and aluminum from Argentina and Brazil.
- Nickel prices have seen a significant downward correction.
- November proved to be a solid month for automotive sales in the U.S. market.
- Burns delved into the economic and political situation in Zimbabwe, plus their implications on mining.
- India appears set to become a net importer of iron ore next year.
- U.S. construction spending in October picked up 1.1% on a year-over-year basis.
- Oil behemoth Saudi Aramco finally floated some shares, albeit only on the Riyadh exchange.
- Australian rare earths miner and processor Lynas Corp. announced the site for its new cracking and leaching plant.
- Indian steel demand fell in October for the first time in seven months.
- U.S. steel prices have bounced back over the last month.
- The spread between palladium and platinum widened this past month.
- Glencore announced a cobalt supply deal with South Korean company SK Innovation.
- Power outages in South Africa resulted in price support for palladium and platinum.
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