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Aluminium Prices Waiting For Winter Cutbacks

Aluminium prices are now trading at $1930/t, up 12 percent since the start of 2017. Chinese governments have directed the domestic aluminium producers to shut down all the illegal or unregulated aluminium smelters in 2017. China’s environmental authority proposed to cut operational aluminium capacity by 30%, alumina by 50% and […]

Copper facing supply threats in 2017

Two worlds’ major copper mines are shut impacting the global copper prices. Freeport’s Grasberg copper concentrate mine in Indonesia have stopped the production ore the export ban rules by the government. The company is currently not producing since the January 2017. Last year, the mine produced 670,000 tonnes of copper […]

China PMI Back To Safe Zone

The Chinese manufacturing PMI clocked 50.4; high last seen in September 2014. Caixin Manufacturing Index also figured above 50 mark consistently for 2 months in a row. This merely erases doubts over Chinese economy, if any. Production and total new orders both rose at slower rates, while export sales continued […]