Tag: metals market geopolitical risk
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US-Iran escalation to lift China copper, aluminium prices; aluminium seen with higher upside
Hormuz risk lifts copper, aluminium price bands on SHFE 7 mnt Middle East capacity at risk while China inventories remain elevated Mysteel Global: Escalating military tensions involving the United States, Israel, Iran as well as Gulf Cooperation Council (GCC) countries have led to increased volatility in China’s non-ferrous metals market, with copper and aluminium prices…