President Donald Trump has directed the secretary of commerce to investigate national security risks posed by the United States’ increasing dependence on imported copper. The probe may lead to policy measures aimed at securing domestic copper supply, though experts warn that meeting demand without relying on imports poses a significant challenge. The U.S. Geological Survey...
READ MOREKorea’s domestic aluminum flat product prices saw an increase for March deliveries as Choil Aluminum and Novelis Korea raised their prices by 90,000 won per ton. Export prices also rose by $80 per ton, following gains in London Metal Exchange (LME) aluminum prices, which climbed from $2,574.95 per ton in January to $2,653.38 per ton...
READ MOREChina has called on the United States to halt its investigation into potential new tariffs on copper imports, warning of retaliatory measures if Chinese entities are affected. The statement came after President Donald Trump directed the Commerce Department to launch a national security probe into copper imports under Section 232 of the Trade Expansion Act...
READ MOREPresident Donald Trump has announced that Ukrainian President Volodymyr Zelenskyy is prepared to sign an agreement with the United States that would provide valuable minerals in exchange for potential additional military aid. The deal comes as Ukraine enters the fourth year of its conflict with Russia and seeks to maintain U.S. support as a key...
READ MOREAluminum producer Alcoa has cautioned that U.S. President Donald Trump’s proposed 25% tariff on aluminum imports could lead to the loss of approximately 100,000 jobs in the United States. The company also stated that the tariff alone would not be sufficient to prompt it to increase production at its U.S. facilities. Trump announced earlier this...
READ MOREHydro-Extrusions North America, the largest aluminum product manufacturer in the U.S., is closely monitoring the proposed 25% tariff on imported aluminum announced by the Trump administration. The tariff, set to take effect on March 12, would increase from the current 10% rate. Hydro’s Cressona, Pennsylvania plant, which imports 85% of its raw aluminum from Canada,...
READ MOREThe London Metal Exchange (LME) has fully recovered from its 2022 nickel crisis, achieving its highest trading volumes since 2015 and the fourth largest on record. Average daily volumes reached 664,698 lots in 2024, an 18.2% increase from 2023, with nickel trading jumping 58.8% year-on-year to levels last seen in 2021 before the market meltdown....
READ MOREChina’s exports of refined copper wire with a maximum cross-sectional dimension exceeding 6mm reached 6,303.98 metric tonnes (mt) in November 2024, marking a 26% month-on-month (MoM) increase and a 68.3% year-on-year (YoY) rise. Cumulatively, from January to November 2024, exports totaled 57,600 mt under HS code 74081100. The rebound in copper wire rod exports during...
READ MOREAccording to data from the General Administration of Customs of the People’s Republic of China, primary aluminium imports into China fell by 13.8% in November 2024 compared to October. However, on an annual basis, imports rose by 22.5%. The Shanghai Stock Exchange (SMM) reported that China imported 150.7 thousand tonnes of primary aluminium in November,...
READ MOREChina’s imports of zinc concentrate reached 455.9 thousand tonnes in November 2024, marking a 37.73% month-on-month increase and a 45.01% rise compared to the same period last year. From January to November, total zinc concentrate imports amounted to 3.6398 million tonnes, reflecting a 14.98% year-on-year decline. In November, the top suppliers of zinc concentrate to...
READ MOREChina’s tin ore imports totaled 12,000 tonnes in November 2024, equivalent to approximately 5,021 tonnes of tin in metal terms. This marked a 19.18% month-on-month decline and a 56.46% drop compared to the same period last year. In terms of metal content, November imports decreased by 23 tonnes from October. From January to November, total...
READ MOREIn December 2024, the India Times reported that Ust-Kamenogorsk Titanium and Magnesium Combine (UKTMK) signed an agreement with Indian Rare Earth Limited (IREL) to create a joint venture in India. The new facility will process ilmenite, sourced from Odisha with low titanium oxide (TiO2) content, into titanium slag, a material highly sought after in the...
READ MORE
