Nickel Bulls Give Up the Ghost

China Nickel stainless steel

27 February 2025: The nickel market is in the middle of a massive market glut and the listing of new brands by the LME has…

February 27, 2025 - Dan Smith

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Base Metals Get Electric Boost

battery China Electric vehicle

21 February 2025: Industrial metals demand is being boosted by rapid growth in sales of electric vehicles, including pure EVs and hybrids. Aluminium, copper and…

February 21, 2025 - Dan Smith

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Zinc: Miners Motor, as China Crumbles

China property Zinc

14 February 2025: Zinc prices outperformed in the second half of last year, but are now paying the price for this overexuberance, with a fall…

February 14, 2025 - Dan Smith

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Aluminium: Limited Upside, as Demand Deflates

China Primary Aluminium Russia

31 January 2025: LME aluminium prices outperformed the other base metals in the past year, helped by falling inventory levels and good growth in demand…

January 31, 2025 - Dan Smith

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Base Metals & China – Why So Glum?

Base Metals China economics

24 January 2025: China is a crucial driver for the LME metal markets and financial market sentiment still looks depressed in the country, with equity…

January 24, 2025 - Dan Smith

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Tin: Prices Retreat, but Fundamentals Retighten

China Indonesia Tin

19 December 2024: LME tin prices have outperformed the rest of the base metals complex so far this year and upside risks are now building…

December 19, 2024 - Dan Smith

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Base Metals Review of Year and Look Ahead Dec24

Base Metals China Electric vehicle

Our latest Youtube video is now available giving our review of base metal market trends in 2024 and look ahead to 2025. Click on the…

December 13, 2024 - Dan Smith

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Copper: Challenging the Bullish Narrative

China Copper mining

11 September 2024: LME three-month copper prices rallied into mid-May, but have fallen significantly since then. The biggest problem for bulls is that the Chinese…

September 12, 2024

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Base Metals: Bulls Cut, as China Cools

China Copper Primary Aluminium Tin

18 June 2024: Base metal prices rallied in the first half of this year, but we believe that the rally is overdone, given the state…

June 19, 2024

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