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Trafigura and the lead market: profitable business at the LME warehouses in Singapore
In recent days, commodities giant Trafigura has been moving significant quantities of lead in warehouses registered at the London Metal Exchange (LME) in Singapore. According to anonymous sources close to the matter, the operation is linked to particularly lucrative...
European aluminium alloy ingot market: automotive crisis and economic impacts in Germany and Turkey
The European aluminium alloy ingot market is facing a critical phase, characterised by significant price depreciation. Germany and Turkey, two major players in this segment, are contributing decisively to this downturn, mainly due to economic difficulties and the...
Rio Tinto Removes Force Majeure Clause for Alumina Exports: Signals of Return to Normalcy in Gladstone
Mining giant Rio Tinto recently removed the force majeure clause on alumina exports from its operations in Gladstone, Australia. The news, reported by several market sources, is a positive sign for the entire industry after months of difficulties caused by gas supply...
Copper mining production up 1.8%: the contribution of Chile, DRC and Indonesia
Global copper mining production increased by1.8% in the first nine months of 2024, driven by a recovery in Chile, Indonesia and the US, and the ramp-up of new projects in the Democratic Republic of Congo (DRC). Chile: significant improvements at major production sites...