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Aluminium: Russian metal stocks rise at the LME boosting demand for the Indian alternative
The share of Russian aluminium in warehouses registered with the London Metal Exchange (LME) rose to 68 per cent in May from 52 per cent in April, according to the exchange's data on Monday, as traders reported increased demand for Indian metal as an alternative. The...
Copper: price falls from almost one-month highs on demand fears and rate caution
Copper prices in London fell from near one-month highs on Monday, reflecting tepid improvement in physical demand in China and caution ahead of the US Federal Reserve's rate decision. Three-month copper on the London Metal Exchange fell as low as $8,260/mt and then...
Steel and aluminium: India is unlikely to get an exemption from US duties
India has asked the US for duty-free steel and aluminium in exchange for the removal of some tariffs on US agricultural products, but it appears that Washington is not seriously considering the offer. Negotiators in New Delhi and Washington hope to reach an agreement...
Copper: Chilean court extends closure of Lundin mine due to sinkhole
Chile's environmental court on Thursday ordered a work stoppage that will prevent Canadian miner Lundin from reopening the Alcaparrosa copper mine, which was closed almost a year ago after a sinkhole opened up in a nearby village. The environmental court ruled that...