Base metals prices on the London Metal Exchange (LME) surged sharply today, with copper leading the rally as traders reacted to tightening supplies and strong demand fundamentals. Benchmark three-month LME copper futures climbed above $13,200 per ton from12,538 USD/ton, marking another record high in a rally that has pushed prices well above levels seen just […]
Read MoreUAE Climate Change Law Transforms ESG Reporting The United Arab Emirates has taken a bold step in embedding environmental accountability into its legal framework with the implementation of Federal Decree-Law No. (11) of 2024 on the Reduction of Climate Change Effects. This landmark legislation came into force on 30 May 2025 and the Universal Compliance […]
Read MoreLondon Metal Exchange (LME) base metals prices declined today, with zinc and other industrial metals giving up recent gains as short-term supply concerns eased and macroeconomic caution returned to the market. The pullback follows a brief period of strength driven by backwardation and inventory tightness, as traders reassessed immediate physical demand, inventory signals, and broader […]
Read MoreAs the EU’s Carbon Border Adjustment Mechanism (CBAM) moves closer to full implementation in 2026, its impact on global steel trade is becoming clearer — especially for GCC producers and exporters targeting Europe. Key Impact on GCC Steel Producers * Steel exports to the EU will attract a carbon cost based on embedded CO₂ emissions. […]
Read MoreThe EU’s Carbon Border Adjustment Mechanism (CBAM) enters a crucial phase in 2025, bringing key simplifications while keeping its climate goals intact. Here’s what businesses need to know: Key Updates in 2025 * A new 50-tonne annual import threshold now exempts most small importers from CBAM obligations. * Reporting continues through 2025 under the transitional […]
Read MoreChina’s non-ferrous metals market is showing a mixed price and demand trend across key metals such as aluminium, zinc, nickel and lead. Aluminium prices remain supported by steady demand from construction, transport and packaging sectors. In the domestic market, aluminium continues to trade above the ¥21,000 per tonne level, while global benchmark prices are hovering […]
Read MoreChinese steel mills have deepened production cuts as the property sector slowdown continues to weaken construction steel demand. Rebar, flat steel, and structural products are facing softer offtake, forcing mills to protect margins through output control. Current Steel Prices in China Rebar futures in China recently climbed back to about ¥ 3,100 per tonne in […]
Read MoreThe recent surge in China’s copper prices, driven by global supply constraints and dwindling exchange inventories, highlights a tightening market environment. Key points: Supply Tightness: Limited availability of copper concentrate is pressuring smelter margins, indicating supply-side challenges persist. Strong Demand: Power grid upgrades, electric vehicles (EVs), and renewable energy projects continue to fuel robust copper […]
Read MoreThe company that took over the former Sims Metal operations, Unimetals Recycling (UK), has formally entered liquidation, which has caused a significant shock to the UK recycling industry. After a significant investor withdrew, the business found it difficult to raise additional capital, which prevented it from fulfilling the substantial financial obligations associated with its £195 […]
Read MoreNon-Ferrous Metals: Strength Returns as Market Eyes Fed Cuts 🔹 Global Prices Stay Firm Non-ferrous metals showed resilience this week with copper, aluminium, and zinc holding firm as global markets anticipate potential US Fed interest-rate cuts. Zinc hovered near USD 2,980/ton, holding steady despite recent dips. Copper and aluminium stayed in tight ranges as supply […]
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