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India: how the 2024 elections could impact the major steel and metals markets
India's ambitious growth plans, which require continued investment in infrastructure, are expected to fully support the country's demand for metals. Regardless of the outcome of India's current elections, no major political changes are expected as India seeks to...
LME Metal Exchange closed
Today, Monday 27 May 2024, the London Metal Exchange (LME) will be closed for Bank Holiday. Trading will resume as normal tomorrow, Tuesday 28 May 2024. You are unauthorized to view this...
Cobalt: National Food and Strategic Reserves Administration aims to purchase up to 15,000 tons
China plans to purchase up to 15,000 tons of cobalt metal from local Chinese producers in the coming months for domestic stocks, a record amount for a single purchase. The planned purchase would represent a significant increase since, last year, the National Food and...
Aluminum: Glencore and Rusal extend supply contract
In a move to strengthen their partnership, Swiss trading company Glencore and Russian aluminum giant Rusal have agreed to extend their long-term supply contract until next year. The contract between Glencore and Rusal, the world's largest aluminum producer outside...