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Base Metals Bottoming Out Despite Trade War Concerns

The base metals index of the London Metal Exchange declined for seven days in a row to extend its rout to the fourth straight week. A key indicator, however, suggests a rebound. The index comprising six primary metals declined 12.5 ...

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China June seaborne iron ore set to rise to record despite hefty stockpiles

China’s June seaborne iron ore imports are on track to rise to a record high, data on Thomson Reuters Eikon showed, stoking concerns of oversupply as hundreds millions of iron ore are being stockpiled at Chinese ports. Iron ore arrivals ...

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China Iron Ore Price Index falls slightly in May

The China Iron Ore Price Index went down slightly at the end of May due to increased government measures to curb pollution, according to the China Iron and Steel Association (CISA). The index declined 1.1 percent from a month before ...

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China’s iron ore futures rise to 2-week high after mining explosion

Chinese iron ore futures climbed to their highest level in two weeks on Wednesday after an iron ore mining accident, stirring concerns about potential tight supply in the market. An explosion on Tuesday at an iron ore mining project owned ...

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China iron ore futures hit 4-month high as Beijing ramps up steel capacity cuts

China’s iron ore futures rose nearly 4 percent on Tuesday to their highest in four months as investors reacted to moves by Beijing to tighten up on implementing steel production capacity cutbacks. On Monday, the world’s biggest steel producer ordered ...

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Nickel loses its electric car fizz, realises it’s still a steel play

The nickel market is learning that there is a difference in believing you are the next big thing in battery metals and the reality that you are actually still beholden to the Chinese steel sector. Nickel was one of the ...

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Copper, nickel slip back towards multi-week lows

London nickel and copper futures edged back towards multi-week lows on Thursday, reflecting investor worries over a recent spate of data that showed China’s economy cooled in October. “The weak economic data in China earlier this week has sparked some ...

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Iron ore futures are getting smoked

Iron ore spot markets popped higher on Tuesday, benefiting from strength in Chinese steel prices. According to Metal Bulletin, the price for benchmark 62% fines jumped 1.6% to $63.17 a tonne, leaving it at the highest level since November 6. ...

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The iron ore contango: Why now?

The iron ore forward curve has made history in November by recording the longest period of contango* in its brief existence. On November 1, Platts assessed The Steel Index 62% Fe CFR China swaps in contango from the December strip ...

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Copper Traders Are Making High-Flying Bets About the Future of the Metal

The frenzy in the copper market is luring traders to take high-flying bets that prices are headed back toward a record. Call options wagering on copper climbing above $10,000 a metric ton by December 2018 have started trading during the ...

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