Nickel case: LME was aware of manipulations by Tsingshan 

Jun 23, 2023 | Stainless Espresso

23 June 2023 – In the case of cancelled nickel trades worth more than 10 billion dollars, more and more details come to light. Also, that the LME had been aware of previous market manipulations by the Chinese Tsingshan Group. And copper stocks continue to fall. ...

Industrial metals up again since the beginning of the month – Stainless Espresso 

Jun 22, 2023 | Stainless Espresso

22 June 2023 – Industrial metals have risen again since the beginning of the month. Now the focus is on China and whether the stimuli from the government there will give the economy further momentum in the second half of the year. When the EU steel industry has...

ECRMA: Calls for inclusion of aluminium in Critical Raw Materials Act – Stainless Espresso

Jun 21, 2023 | Stainless Espresso

21 June 2023 – The draft European Critical Raw Materials Act (ECRMA) is missing one important raw material: aluminium. Calls are now growing louder for aluminium to be added to the list due to existing supply difficulties. And Ukraine is planning the green...

LME Nickel Case: Now it gets serious – Stainless Espresso

Jun 20, 2023 | Stainless Espresso

20 June 2023 – It is getting serious in the case against the LME for cancelled nickel trades from March 2022. The two most prominent lawsuits, which may also point the way for all others, are scheduled for hearing starting today, Tuesday. Asian inflation rates...

CBAM – Opposition to EU Carbon Border Tax grows stronger – Stainless Espresso

Jun 19, 2023 | Stainless Espresso

19 June 2023 – While the economic mood on the markets continues to brighten, criticism of the EU border tax CBAM is increasing. More and more developing countries, such as China, Indonesia, or India, are voicing concerns and opposition to CBAM. India is already...