Industrial metals up again since the beginning of the month – 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
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
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
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...
South African scrap export ban extended – 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
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Permit for US copper-nickel mine project withdrawn – Stainless Espresso
13 June 2023 – The US government has withdrawn a permit from a copper-nickel project due to environmental concerns.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...