Pratima Desai

London

Commodities Correspondent at Reuters

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Articles

Explainer-The reality of Trump's steel and aluminium tariffs

4 days ago | azdailysun.com | Pratima Desai

By Pratima DesaiLONDON (Reuters) -U.S. President Donald Trump plans to double tariffs on steel and aluminium imports to 50% from Wednesday, stepping up pressure on global steel producers and deepening his trade war. kAm(w* x$ %#&|! s~&q{x}v %p#xuu$nk^AmkAm%CF>A 2:>D E@ DFAA@CE 2?5 6?4@FC286 :?G6DE>6?E :? 5@>6DE:4 AC@5F4E:@? @7 DE66= 2?5 2=F>:?:F>[ 3@E9 G:E2= >2E6C:2=D 7@C 4@?DECF4E:@?] p=F>:?:F> :D 2=D@ FD65 :?
Explainer: The reality of Trump's steel and aluminium tariffs

4 days ago | reuters.com | Pratima Desai

A general view of interior of a Nucor steel factory in Blytheville, Arkansas, U.S., March 28, 2025. REUTERS/Karen Pulfer Focht/File Photo LONDON, June 2 (Reuters) - U.S. President Donald Trump plans to double tariffs on steel and aluminium imports to 50% from Wednesday, stepping up pressure on global steel producers and deepening his trade war. Trump aims to support and encourage investment in domestic production of steel and aluminium, both vital materials for construction.
Trump's Copper Tariff Threat Still a Lucrative Bet for Traders

2 weeks ago | money.usnews.com | Hongmei Li |Pratima Desai |Lewis Jackson

By Hongmei Li, Pratima Desai, Lewis JacksonHONG KONG/LONDON (Reuters) -Unusually large shipments of copper to the United States are unlikely to abate as long as the threat of tariffs hangs over the market and price premiums for the metal on U.S.-based COMEX make deals profitable for traders and producers, analysts said.
LME WEEK Trump's copper tariff threat still a lucrative bet for traders

2 weeks ago | reuters.com | Hongmei Li |Pratima Desai |Lewis Jackson

Traders work on the floor of the London Metal Exchange, in London, Britain September 27, 2018.
Exclusive-China’s CMOC calls on Congo to lift cobalt export ban, sources say

2 weeks ago | 933thedrive.com | Felix Njini |Pratima Desai

By Felix Njini and Pratima DesaiJOHANNESBURG/ LONDON (Reuters) – China’s CMOC Group, the world’s top cobalt mining company, called on Democratic Republic of Congo last week to lift a ban on exports of the battery metal, which is currently due to expire next month, three sources told Reuters. Congo, the world’s leading cobalt producing country, imposed the four-month ban in February in an attempt to curb surpluses as cobalt prices touched nine-year lows around $10 a lb, or $22,000 a metric ton.
Exclusive-China's CMOC Calls on Congo to Lift Cobalt Export Ban, Sources Say

2 weeks ago | money.usnews.com | Felix Njini |Pratima Desai

ReutersFILE PHOTO: A copper and cobalt mine run by Sicomines is seen in Kolwezi, Democratic Republic of Congo, May 30, 2015. Picture taken May 30, 2015. REUTERS/Aaron Ross/File PhotoBy Felix Njini and Pratima DesaiJOHANNESBURG/ LONDON (Reuters) - China's CMOC Group, the world's top cobalt mining company, called on Democratic Republic of Congo last week to lift a ban on exports of the battery metal, which is currently due to expire next month, three sources told Reuters.
Exclusive: Shanghai exchange looks to open domestic nickel contract to foreigners this year, sources say

2 weeks ago | reuters.com | Hongmei Li |Pratima Desai |Lewis Jackson

A company logo of Shanghai Futures Exchange is displayed at a booth during LME Week Asia in Hong Kong, China June 14, 2016.
China's Output Cap to Underpin Aluminium Despite Trade Wars

3 weeks ago | gurutrade.com | Ashitha Shivaprasad |Pratima Desai |Jan Harvey |David Evans

LME aluminium gained 7% last year Recession risks could push aluminium prices below $2,000, Morgan Stanley says Aluminium could outperform copper this year, analyst says May 15 (Reuters) - Weakness in aluminium demand linked to trade tensions will likely weigh on prices this year, but a longstanding cap on Chinese output could limit losses, analysts said.
Copper buoyed by softer dollar, focus on tariff tensions

1 month ago | zawya.com | Pratima Desai

Copper prices rose on Tuesday as the dollar eased but weighing on sentiment was the prospect of slowing global growth and demand due to U.S. import tariffs and a trade war between China and the United States. Benchmark copper on the London Metal Exchange (LME) traded 1.1% higher at $9,470 a metric ton in official rings. "We are neutral now and bearish second half of the year on seasonality and policy shifts," said Panmure Liberum analyst Tom Price.
Cobre sube por debilidad del dólar, con foco puesto en tensiones arancelarias

1 month ago | es-us.finanzas.yahoo.com | Pratima Desai

Por Pratima Desai LONDRES (Reuters) - Los precios del cobre subían el martes por la debilidad del dólar, pero pesaba en la confianza la perspectiva de una desaceleración del crecimiento y la demanda mundial debido a los aranceles de importación de Estados Unidos y una guerra comercial entre Pekín y Washington. * A las 1053 GMT, el cobre de referencia en la Bolsa de Metales de Londres (LME) ganaba un 0,7%, a 9.436 dólares la tonelada.