| Aluminum posted a sizeable gain this week, while copper fell. The fall in copper prices was attributed to an increase in exchange stockpiles in Shanghai. The US began a probe into copper markets that could result in import tarrifs being imposed. |
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LME Aluminum |
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LME Aluminum 3M settled at $2,841.50/mt, up $69/mt on the week.
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LME Copper |
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LME Copper 3M settled at $9,447.50/mt, up $16/mt on the week.
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LME Nickel 3M settled at $15,648/mt, up $113/mt on the week. |
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CME Hot Rolled Coil (HRC) Steel |
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Prompt month HRC Steel last traded/settled at $892/T, up $117/t on the week.
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AEGIS Insights |
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11/06/2024: AEGIS Factor Matrices: Most important variables affecting metals prices 4/25/2024: Mexico's New Tariffs on Steel and Aluminum Imports Create Uncertainty in U.S. Markets 2/27/2024: Aluminum Consumers Should Still Implement Hedges, Even Though Russia Sanctions Mean Little |
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Notable News |
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5/29/2024: Anglo rejects BHP's last-ditch attempt to continue takeover talks 5/27/2024: India's NALCO tops Q4 profit estimates on lower input costs 5/24/2024: India's Hindalco beats Q4 profit view as lower costs outpace weak aluminium prices |
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