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Aluminum: open interest and volume on the CME hit a record high in February
Aluminum futures on the Chicago Mercantile Exchange reached record average daily volume in February, up fourfold from a year ago, and open interest also reached all-time highs. Last month, average daily volume reached 3,161 contracts, up 300 percent from a year...
Aluminum scrap: Glencore launches a joint venture
Glencore has partnered with scrap broker Zeb Metals to promote the recycling of aluminum scrap and slag at a new facility in South Carolina, US. The Charleston plant is scheduled to open later this year. It will include two rotary kilns to recycle aluminum slag and...
Nickel: Russia’s largest miner sells to China in yuan
Russia's largest miner, MMC Norilsk Nickel, is selling some nickel in yuan at prices set in Shanghai, a sign of how the invasion of Ukraine is reshaping global commodity flows and empowering China. Nornickel, as the company is known, has sold some spot volumes to...
Polyvinyl chloride and caustic soda: Occidental sees continued uncertainty in demand
Occidental Petroleum's chemicals division sees persistent uncertainty in demand for polyvinyl chloride and caustic soda in the first half of 2023. PVC producer OxyChem saw US PVC export demand in 2022 increase by 46%, while domestic PVC demand fell by almost 7%, in...