South African scrap export ban extended – Stainless Espresso 

Jun 16, 2023 | Stainless Espresso

16 June 2023 – The South African government has extended the existing scrap export ban on certain ferrous and non-ferrous waste for another 6 months. Japanese stainless steel producers hike prices again. LME and SHFE nickel prices up 11% since end of May. And...

Chinese steel stocks down, India in buying mood, EU next? – Stainless Espresso

Jun 15, 2023 | Stainless Espresso

15 June 2023 – Steel demand has picked up significantly since the beginning of June, as can be seen not only from falling inventories in China but also from significantly higher demand from India. And in the European Union, too, there are increasing voices that...

China cuts key interest rate, nickel price jumps upward – Stainless Espresso

Jun 14, 2023 | Stainless Espresso

14 June 2023 – China surprisingly cut standing lending facility interest rates, which was very positively received by the markets. Nickel prices reacted promptly. The EU goes on a buying spree for critical commodities in Mercosur countries – but does it...

Permit for US copper-nickel mine project withdrawn – Stainless Espresso 

Jun 13, 2023 | Stainless Espresso

13 June 2023 – The US government has withdrawn a permit from a copper-nickel project due to environmental concerns. Could the project, which is supposed to reduce dependence on external suppliers, possibly still be saved by the right approach? What is the...

Japan’s economy surges with impressive momentum – Stainless Espresso

Jun 12, 2023 | Stainless Espresso

12 June 2023 – The economy of Japan is growing at an astonishing pace, leaving the other industrialized nations behind. Financial analysts are much more optimistic about the US economy. Mining giant to invest USD 1.5 billion in copper mining. And India would...