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Global lead short-term outlook February 2024
Poor demand at Chinese New year coincided with LME stocks surging 71kt in February to peak at 180kt, the highest since May 2017. Stocks have since ...
Global steel markets short-term outlook February 2024
In January 2024, global crude steel production in January 2024 decreased by 2% year-on-year, dragged down by a 7% decline in Chinese crude steel pr...
Global iron ore short-term outlook February 2024
Iron ore prices contract from the missed expectation of a demand rebound, but improving construction activity in China in the near term should help...
Global zinc short-term outlook February 2024
January's rally proved short lived and the zinc price came under pressure from a combination of macro economic news and short selling. As a result ...
Global aluminium short-term outlook February 2024
Having hit a month-end high of US$2231/t on 31 January, the official LME cash price has drifted lower during February. Prices are currently in a st...
Value-in-use iron ore costs Q1 2024
The average global value-in-use (VIU) iron ore cost for Q1 2024 is US$57.5/t (62% Fe fines basis, CFR China). This is up by 2.2% compared to the la...
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