Base Metals Market

Copper giant Peru to gradually lift restrictions on mining sector this month

Low Investment Interests in Copper Cause Supply Problems

Underinvestment in copper over the past years caused supply issues. The prices have soared, and green initiatives have created a higher demand for metals. In the past decade, many manufacturers in this market have become very conservative. This has led to insufficient investment to penetrate the supply chain, clearly creating problems now. From electronic products …

Low Investment Interests in Copper Cause Supply Problems Read More »

29Metals plans to raise US 471 million in IPO

29Metals Plans to Raise Us 471 Million in IPO

Australian copper mining company 29Metals LTD, the country’s second-largest listed company, is seeking to raise U.S. 471 million in an initial public offering with its shareholders in Sydney. According to the terms of the deal, the company plans to issue new shares worth A$245 million. In comparison, existing shareholders, including EMR Capital Advisors, will issue …

29Metals Plans to Raise Us 471 Million in IPO Read More »

steel

China’s Steel Prices Experience a Roller-Coaster Since May 1

In two weeks, the cost of steel products rose by more than 1,600 yuan (US$250) per ton. It has attracted the attention of the highest levels of the Chinese government. Chinese Premier Li Keqiang said that the government’s high-frequency response peaked on Monday. He said that it is necessary to avoid passing commodity price increases to consumers. …

China’s Steel Prices Experience a Roller-Coaster Since May 1 Read More »

Which commodities might have a "supercycle" ahead?

Which Commodities Might Have a “Supercycle” Ahead?

Asian Metals Symposium held an expert survey at their online metal seminar on Tuesday. The participants were discussing whether the commodity market would experience a “supercycle” in the next few years or not. Global demand is picking up as some economies rebounded from the COVID-19 pandemic. Trillions of dollars of stimulus injections of large amounts …

Which Commodities Might Have a “Supercycle” Ahead? Read More »

China tightens rules around personal data collection

China’s steel output hits record, recovering iron ore prices

Iron ore prices rebounded on Monday because of China’s steel output hitting record highs. In April, crude steel production increased to 97.9 million tons, setting a record for monthly and daily operating rates. The strong production pace has also brought the year-to-date total to 375 million tons. It is an increase f o16% over the …

China’s steel output hits record, recovering iron ore prices Read More »

Subscribe to Our Newsletters

Have The Best Of Trade Market News Delivered Directly To Your
Mailbox. Subscribe To Receive The Latest Market News.