All the base metals have been on the up recently. Nonetheless, it would be naïve to put all such resilience down to a weakening U.S. dollar (supportive as that is for metals prices).
Stuart Burns
Aluminum is having a strong recovery in China
Aluminum does appear to be having a surprisingly strong post-pandemic recovery — in China, at least.
U.S. aims to break rare earths dependence on China with Lynas project
The U.S. took a big step forward in its effort to curb its dependence on China for rare earths.
Stainless steel demand holds back the nickel price
The nickel price has not recovered as quickly as other base metals have.
Iron ore is being undermined by slowing steel demand
A recent Reuters article looked at the seaborne iron ore market and suggests robust demand from China is offsetting weak demand from the rest of Asia and Europe, leaving a largely balanced global seaborne market.
Shipping lines adopt desperate measures as pandemic disrupts operations
Shipping lines were thrown into chaos by coronavirus lockdowns — first in Asia, then Europe and finally in the U.S.
The oil price has recovered, but does it have any further upside?
The oil price has bounced back after reaching historic lows in April.
China may be doing the heavy lifting for metals price support — but the legs are looking shaky
True to form, if not to scale, Beijing resorted to infrastructure spending this quarter to support the economy as it sought to pull the country out of government-imposed lockdowns in the first quarter.
E.U. pushes hydrogen in latest greenhouse gas emission policy review
The media — at least in Europe — seems to be abuzz with talk about green hydrogen. As an energy source, backers envision hydrogen powering everything from aircraft, to steel mills, to global shipping fleets, cars, and homes.
LME now reporting off-warrant stock … what does it mean for the market?
Despite being in the works for months prior to the onset of the pandemic, the LME’s program of reporting warehouse inventory in “near storage” — meaning in LME warehouses but not on warrant — could hardly have been more timely as a fierce, if temporary, recessionary situation hit metals markets this year.
