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30.10.26 - 16:01
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US Aluminum Group Urges North America to Align on Tariffs (Bloomberg)
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The US aluminum industry's main trade group is pushing for Canada and Mexico to match Washington's tariffs on imports of the metal from outside North America, while declining to take a position on whether President Donald Trump's current 50% levy should be lowered....
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30.10.26 - 12:30
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Key China Copper Gauge Flashes Warning As Mysteel Global Warns Metal Is "Sold Out Everywhere" (ZeroHedge)
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Key China Copper Gauge Flashes Warning As Mysteel Global Warns Metal Is "Sold Out Everywhere"
Deglobalization, decades of underinvestment in mining, rising copper demand tied to the AI data center buildout, and surging US stockpiling ahead of potential import tariffs have pushed copper prices to record highs, approaching $15,000 a ton in London.The resulting supply squeeze is forcing Chinese buyers to compete more aggressively for physical metal, driving the Yangshan premium, which measures what importers pay above London benchmark prices, to its highest level on record, Bloomberg reports.The Yangshan premium is the extra amount Chinese buyers pay above the London Metal Exchange benchmark to secure physical imported copper. That metric topped $200 a ton, according to Fastmarkets data going back to 2017.Xiao Chuankang, a copper analyst at Shanghai-based commodities consultancy Mysteel Global, was quoted by the outlet as saying that the industrial metal is "sold out everywhere" and "the premium...
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30.10.26 - 06:48
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Hyundai Steel Earnings Up Q3; Shares Fall (AFX)
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SEOUL (dpa-AFX) - Hyundai Steel Co. (004020.KS), on Friday reported higher net income in the third quarter of 2026 compared with the previous year. For the third quarter, net income attributable t......
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