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Aluminium: an overview of the Chinese market
The continued decline in China's primary aluminium stockpiles due to a recovery in demand, coupled with the slow recovery of new capacity for the new COVID19 outbreak, pushed up the price of A00 aluminium ingots by RMB 90 per tonne to RMB 22,990 per tonne on Tuesday,...
Alumina: China could face the challenge of supplying Russia
Russia could look to its giant neighbour to replace Australian alumina supplies cut by sanctions, but Chinese aluminium smelters need all the raw material they can get and are also worried about secondary sanctions from the western world. Australia on Sunday imposed...
Copper: Peru approves expansion of Las Bambas mine
MMG Ltd reported on Thursday that it has obtained approval from Peru's Ministry of Energy and Mines to expand its Las Bambas copper mine, despite ongoing outrage from local indigenous communities. Located in the Apurimac region of southern Peru, the Chinese-owned mine...
Aluminium and steel: US and UK remove 4-year tariffs
The dispute over aluminium and steel tariffs between the US and the UK has come to an end. On Tuesday 22 March, Anne-Marie Belinda Trevelyan, Secretary of State for International Trade and chair of the Board of Trade since 2021, officially reported that both countries...