Chinese steel stocks down, India in buying mood, EU next? – 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
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Permit for US copper-nickel mine project withdrawn – Stainless Espresso
13 June 2023 – The US government has withdrawn a permit from a copper-nickel project due to environmental concerns.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
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...