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Metal Bulletin deputy editor Fleur Ritzema takes a look back at some of the key news and price moves from the past week.
An oversupply of copper cathode in the European market, the slide in the euro and a recovery in construction have all contributed to a steady loosening in discounts offered for copper scrap in recent months, market sources told Metal Bulletin sister publication Copper Price Briefing.
China’s copper scrap supply has eased slightly compared with earlier this year as prices of the red metal have risen.
European secondary aluminium producers are reporting the highest prices seen in the market since 2006 as demand continues to comfortably outpace supply.
China’s imports of steelmaking raw materials rose year-on-year in February, according to data released by the country’s customs authority on Monday March 23.
WEEK IN BRIEF: Copper in Shanghai; US senate hearing; recycled aluminium; boost for Chinese ferro-chrome
It was another busy week in Metal Bulletin’s offices across the globe, as conferences got under way in Shanghai and Berlin, while a senate hearing in the USA brought banks in commodities back into the spotlight.
NEW WEBSITE FEATURE: Premium subscribers can now get MB Company Data
Metal Bulletin is pleased to announce the latest addition to our ever-expanding portfolio, MB Company Data.
ASIAN MORNING BRIEF: Key news and price moves on Tuesday November 11
Key news and price moves to start the day in Asia.
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