FED: Base metals react positively, new price rally for iron ore? – Stainless Espresso
2 November 2023 – Asian base metals have reacted positively to the US Federal Reserve’s interest rate pause. In addition, there are many indications that the Chinese government’s stimulus programmes are having an effect and that there could be a new...Kazakhstan includes stainless steel scrap in export ban – Stainless Espresso
1 November 2023 – Kazakhstan has extended its scrap export ban again and now also includes stainless steel scrap in an export ban. India sees its scrap supply at risk. And what is the nickel doing? Source
US Section 232 Tariffs on steel and aluminum firmly established – Stainless Espresso
31 October 2023 – US Section 232 tariffs have once again been upheld as lawful by the US Supreme Court. And earnings figures in the United States come as a positive surprise at the start of the reporting period. Source
Indonesian nickel association warns of tight nickel reserves – Stainless Espresso
30 October 2023 – The Indonesian Nickel Miners Association recently warned that the country’s high-grade nickel ore reserves could be exhausted in six years. The buying mood in the United States and the economic development in Japan continue to show...