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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...
Primary aluminum: deficit budget in the period January-October 2022
The primary aluminum market balance closed with a deficit of 981 thousand tons. This follows a deficit of about 1.734 mln tons recorded for the entire previous year. Global aluminum production in the first ten months of this year increased by nearly 378 thousand tons...