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Copper: the metal is set to suffer its fifth week of losses due to the strong dollar
Copper prices in London rebounded on Friday, but headed for a fifth consecutive weekly decline as the US dollar remained strong near two-month highs and traders priced in further interest rate hikes this year following promising US debt ceiling talks. Three-month...
Aluminium: Trafigura cancels LME warrants for a total of 132,000 tonnes of metal
Commodities trader Trafigura has recently cancelled warrants (documents of title) for a total of over 132.000 tonnes of aluminium at the LME warehouses in Port Klang, Malaysia, more than 20% of the available LME stock. The cancellation of the warrants indicates the...
Aluminum: GIADEC will enhance Ghana’s raw bauxite by preventing its exportation
Ghana's President Nana Addo Dankwa Akufo-Addo has determined that the Ghana Integrated Aluminium Development Corporation (GIADEC) will add value to the country's raw bauxite resources. Ghana's over-reliance on crude exports has prevented the country from taking full...
Chile finally approves mining royalty reform
Chile's lower house on Wednesday approved the long-awaited royalties reform, which now only needs the signature of leftist President Gabriel Boric, who has publicly supported it, to become law. The reform will require large copper miners to pay more to the government....