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Aluminum: Mozambique’s exports to EU could be subject to carbon taxes
The EU's planned Carbon Border Adjustment Mechanism (CBAM) poses a significant risk to Mozambique, a southern African nation, especially for its aluminum exports to the EU. Aluminum is the country's most important export commodity, accounting for up to 25 percent of...
Nickel: Indonesia would like to create a group similar to OPEC
Indonesia's proposal to create an organization to control nickel production and prices, along the lines of OPEC, would be a tall order because production is controlled by private companies, not governments. The proposal to "coordinate and integrate nickel policy" as...
Copper: in January-September 2022, the market closed in deficit
The global copper market posted a deficit of 736 thousand tons in the first nine months of this year. This follows a deficit of 285 thousand tons during the entire previous year. LME stocks of the metal increased by 48 thousand tons at the end of September this year,...
Aluminum: Alcoa pressures U.S. and LME to sanction Russian metal
William Oplinger, executive vice president and chief financial officer of Alcoa, told the Goldman Sachs Global Metals & Mining Conference that the energy crisis[world was caused by Russia's invasion of Ukraine. Western suppliers had to deal with the aluminum...