August 30, 2023

A weaker US dollar and softer US bonds are supporting risk asset prices. Overnight, LME copper rose more than 1.1%, with positive measures taken by China to support the real estate sector and boost market confidence. Low inventory levels provide support from below, and copper is expected to rise today. A collective strength in the […]

According to foreign reports on August 29th, Gwangyang Port in South Korea has become a new hub for storing London Metal Exchange (LME) aluminum. Warehouses registered with the London Metal Exchange in the city currently hold 256,650 metric tons of aluminum, accounting for 49% of all non-ferrous metals in the exchange’s global warehouse network. At

The collective strength in the stock market and crude oil prices is supporting a return to a preference for risk, with London aluminum rising by 0.74% overnight. Shanghai aluminum stocks continue to remain low, leading to a shortage in spot supply. Coupled with strong expectations for the peak season, this is expected to provide support