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Maritime freight rates: rebound bodes well for persistent global logistics capacity problem
Many shipping companies continue to reckon with below-cost container spot rates. They might even see this as 'payback' for the huge profits made in the previous three years. However, given that tariffs on many routes have even fallen below pre-pandemic levels, this...
LME closed for Summer Bank Holiday
Today, Monday 28 August 2023, the LME Exchange will be closed for the Summer Bank Holiday. Trading will resume as normal on Tuesday, 29 August 2023. You are unauthorized to view this...
Codelco at risk of insolvency due to rising debt
According to the Chilean Centre for Copper and Mining Studies (CESCO), Chile's Codelco, the world's largest copper producer, is at risk of insolvency due to rising costs and mounting debt from projects that have not met production targets. Cost overruns on...
Zinc: LME deliveries turn into a raging river
London Metal Exchange (LME) zinc stocks more than doubled, reaching 145,975 metric tonnes in the past month and reaching the highest level since February 2022. What began as a flow of metal to the LME in July turned into a flood in August, with 76,425 metric tonnes...