Copper prices have extended sharply higher into early 2026, driven primarily by macro rotation and systematic flows rather than near-term physical tightness. While the long-term…
January 9, 2026 - George Griffiths
Nickel has staged a sharp momentum-driven rally, rebounding close to 30 percent since mid-December and trading into the high-$18k range. The move has progressed rapidly,…
January 9, 2026 - George Griffiths
As we enter the beginning of a new year, it is necessary to assess which elements of our market analysis and expectations remain valid for…
January 7, 2026 - George Griffiths
Definition: the data in this report show LME non-risk reducing positions (ie speculative positions) held by Investment Funds and Other Financial Institution
January 6, 2026 - Carly Hughes
December proving to be full of surprises, and the week ending 14/12 was no exception… The week started in a positive light as the Chinese…
December 19, 2025 - Sol O'Driscoll
Introduction: A Structural Break in Aluminium Three forces are reshaping global aluminium flows: EU CBAM (Carbon Border Adjustment Mechanism) introduces a carbon levy on imported…
December 9, 2025 - George Griffiths
Tin prices have rallied back above $35,000/mt, supported by renewed supply concerns. Indonesia: President Prabowo’s order to close 1,000 illegal mines in Bangka Belitung and…
October 1, 2025 - George Griffiths
Annex II, the exemption list under U.S. Executive Order 14257, underscores a deeper weakness in U.S. trade strategy. Critical supply chains are being kept open…
September 11, 2025 - George Griffiths
Exorbitant Privilege sounds like the most wonderful ice cream flavour, but the phrase, coined by French finance minister Valéry Giscard d’Estaing, describes America’s ability to…
September 5, 2025 - George Griffiths