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Nickel: industry players flee Lme exacerbating market rifts
The London Metal Exchange is struggling to regain its dominant position in global nickel trading as volumes decline and participants flee an increasingly volatile market in the wake of trade chaos earlier this year. Nickel volumes plummeted after the LME suspended the...
Aluminum: Rusal offers price discount to buyers
Customers of Russian aluminum producer Rusal are getting price discounts to buy the group's metal amid fears that sanctions will weaken demand. Western sanctions against Moscow over its invasion of Ukraine have so far not directly targeted Hong Kong-listed Rusal, the...
Aluminum: prices fall despite smelter closures denting supply
Aluminum prices approached long-term weekly demand zones this week. These are price levels that usually trigger a strong rally. Prior to the recent short-term declines, prices bounced off these levels, moving up into strong down zones (supply zones). Should prices...
Aluminum: Yunnan calls on manufacturers to reduce electricity consumption
China's southwestern province of Yunnan this week ordered electrolytic aluminum producers to reduce electricity consumption. Yunnan's decision is another sign that soaring energy prices are having a major impact on aluminum production worldwide, although domestic...