ICSG revises 2024 copper forecast
Production growth had been forecasted at 3.7% by the group in October 2023.
Production growth had been forecasted at 3.7% by the group in October 2023.
The four-year agreement passed with 94.5% of members voting in favor
Porsche research shows replacing roof of Taycan EV with aluminum could drop weight by 40%
On the ferrous side, about two-thirds of the respondents indicated ferrous scrap prices would remain stable, while one-quarter thought they would rise in May.
As we have seen with other indicators, there appears to be a strengthening trend afoot.
Non-ferrous recycled metals market faces slow flow despite high demand.
Alcoa said that it finalized the terms of its acquisition of Alumina Limited and initiated the process for the potential sale of the San Ciprián complex.
With an annual demand in excess of 25 billion pounds, the U.S. imports nearly 10 billion pounds of primary aluminum from foreign sources. Major exporters to the U.S. have recently seen their trade disrupted or even fully stopped.
Does the price of ferrous scrap depend on the price of finished steel product? And how much of an affect do billet and slab prices have on scrap prices?
According to the latest Commitments of Traders Report published Tuesday and covering positions up to April 5, the net long position by investment funds increased significantly to 56,200 lots.