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Copper: robbers pull off multimillion-dollar heist in Chilean port
A group of gunmen in Chile stole several containers full of copper belonging to state-owned giant Codelco on Wednesday, increasing pressure on the security of shipments in the world’s largest copper producer. The assailants took 13 containers destined for China...
LME ends an uncertain year with dangerously low stocks
The London Metal Exchange will enter 2023 with the lowest inventories in at least 25 years, setting the stage for future pressures and spikes if demand proves stronger than expected. Available stocks of the six major metals traded on the LME fell by two-thirds in...
China and Australia toward renewed trade in iron ore, coke and other goods
It has been 50 years since Australia first established diplomatic relations with China. But compared to the relative enthusiasm of the early years, modern relations between the two nations are in a deep freeze. Certainly, Australia’s call for an international...
Aluminum: Brazil will impose duties on Chinese imports
The Brazilian government will impose trade sanctions on aluminum imports from vendors in the People’s Republic of China. According to an announcement by the Chinese Ministry of Commerce last week, the Brazilian government will begin imposing countervailing...