Loading
Zinc: Trafigura delivers zinc to LME warehouses
Commodities trader Trafigura delivered large quantities of zinc to London Metal Exchange (LME) warehouses in Singapore under lucrative lease agreements, pushing stocks towards a 20-year high in November. Miner Glencore is also delivering zinc to the LME's registered...
Russia’s dependence on exports to Asia increases, while trade with Europe decreases
Russia's dependence on trade with Asia increased sharply in 2023, while its trade with European markets plummeted: the Asian share of Russian exports and imports rose to 72% and 68% respectively, according to data from the Russian Customs Service. Moscow stopped...
Mexico proposes a ban on open-cast mining
Mexican President Andrés Manuel López Obrador has submitted a series of constitutional reforms to Parliament, including a proposal to amend Article 27 to ban open-pit mining. In detail, his proposal would prohibit the granting of open-pit mining concessions and...
Stainless steel: Outokumpu expects quarterly improvement
The downward trend in nickel prices showed signs of exhaustion, with the potential for significant impact on stainless steel prices. Nickel moved sideways throughout January with a modest decline of 1.60%. Although directional momentum remained slow, prices continued...