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LME Metal Inventories Rise Sharply in July, Driven by Asian Flows
Total base metal inventories in warehouses registered on the London Metal Exchange (LME) reached 1,037,258 tonnes as of July 31, up from 885,386 tonnes at the end of June, according to data released on August 11. The increase was primarily driven by metal inflows from...
HDPE Prices Decline in Pakistan, Sri Lanka, and Bangladesh, Stable in Most of Asia
HDPE (high-density polyethylene) prices recorded significant declines in Pakistan, Sri Lanka, and Bangladesh this week, while remaining unchanged in most other parts of Asia. An Asian trader stated that the global market is closely monitoring the upcoming US-Russia...
Aluminum Recycling Enters a New Growth Phase, But Scrap Shortage Threatens the Industry
The global aluminum recycling sector is heading into a phase of accelerated expansion, with a market value estimated to grow from $107 billion in 2023 to $160 billion by 2032, according to the latest market analyses. However, behind the positive outlook lies a...
Oman Signs Three $500 Million Mining Agreements to Develop Mining Sector
Oman's Ministry of Energy and Minerals announced the signing of three new mineral exploration and development agreements worth a total of $500 million. In a statement released by the government news agency on August 12, the ministry described these agreements as part...