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Metals: locating its supply bypassing China – mission impossible
According to speakers at the London Metal Exchange seminar on Oct. 24, despite new Western legislation seeking to localize metals supply chains for the energy transition, it will be difficult, perhaps impossible, to bypass supplies from China. The trend toward...
Copper: warehouse stocks in China are virtually exhausted
Stocks of captive copper warehouses in China are virtually depleted as the two main lenders of Chinese metals, JPMorgan Chase & Co and ICBC Standard Bank Plc, have halted new transactions. Traders from London to Lima are closely watching the flows in and out of...
Aluminum: Covid impact and illegal activities drag down South32 sales
SOUTH32 said aluminum and manganese sales from its South African operations declined in the first quarter of FY2023 due to port congestion and reduced third-party train availability. Compared to the previous quarter, aluminum sales fell 18 percent to 162,000 tons,...
Metals: Indonesian exports could reach $300 billion by 2024
Indonesian exports could reach a record $280 billion this year, with a sharp increase in nickel-based steel shipments after the country banned nickel ore exports, while shipments of other raw materials received a boost from high prices. Exports could increase further...