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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...
Copper: watch out for US inflation data
Copper prices are recovering on Tuesday morning with traders awaiting US inflation data for indications of Federal Reserve interest rate cuts. Three-month copper on the London Metal Exchange was up 0.68 percent at $8,314/mt (09:04 Italian time). The market expects the...
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...