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Aluminium: Glencore channels material of Russian origin into LME warehouses
In a recent investigation, commodities trader Glencore was found to have made significant deliveries of Russian-origin aluminium to London Metal Exchange (LME) registered warehouses in Gwangyang, South Korea. These deliveries shed light on the challenges faced by...
The metals community continues to expect new stimulus measures from Chinese leaders
Investors, traders and the metals community continue to anticipate new stimulus measures from China's leaders, which could boost economic growth, increase metal consumption and influence metal prices. However, they remain rather disappointed with the 5% growth target...
Copper: Antofagasta gets $2.5 billion for Centinela mine expansion
Chilean company Antofagasta has obtained $2.5 billion to finance a second plant at its Centinela copper mine in the north of the country, which will add 144,000 tonnes per year to the company's overall production. The company said it has signed definitive agreements...
Copper and zinc: LME intends to include the Saudi Arabian port as a delivery point
According to a statement from the London Metal Exchange (LME), the exchange plans to include Jeddah, a port city in Red Arabia, as a new delivery point for copper and zinc, subject to consultation on a technical amendment to the LME's warehousing location framework....