A slowdown in new orders growth, however, grows concerns about future consumption
2020 will be the "year of completions" as developers are pushed to finish developments and price weakness starts to appear.
There will not be more quotas granted for this year, a source from CMRA Recycling Metal Branch told SMM
The three-month LME zinc is expected to move between $1,900-2,800/mt in 2020, with SHFE zinc at 17,000-21,000 yuan/mt
China’s production of primary aluminium is expected to grow much faster than consumption in 2020
China’s NPI production will decline 13% to 510,000 mt in Ni content in 2020
For copper mine production in the first nine months of 2019, major miners broadly reported declines
Iron ore supply is expected to grow 67 million mt.
Tight ore availability and maintenance-caused production cut at Yunnan Tin Group will lead to a sharp supply decline
The latest batch of quotas shrank nearly 80% from the previous batch