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London Metal Exchange Suspends Nornickel’s Nickel Mark Listing: Implications and Causes
The London Metal Exchange (LME) has announced the suspension of the listing of a nickel brand produced by Russian metals giant Nornickel at its Finnish plant, effective 3 October 2024. This decision, although surprising, is part of a growing focus on sustainability...
The Carbon Market in China: New Rules and Future Prospects
China has launched a public consultation for carbon market rules for the period 2024-2025, with the aim of moderately tightening China Emission Allowance (CEA) supplies and stimulating market liquidity. This announcement was made by the Ministry of Ecology and...
A surge in Capesize Rates: The Crucial Role of Bauxite
In recent months, the rates of Capesize ships (ships whose size does not allow them to pass through either the Panama or Suez Canal) have surpassed the $30,000 per day mark, driven mainly by record bauxite shipments from West Africa to China. Bauxite, the main source...
Italy Moves Towards a Sustainable Future: Snam, Tenaris and Tenova Experiment with Hydrogen for Steel Production
In a significant step towards reducing emissions and decarbonising heavy industry, Italian gas grid operator Snam, steel pipe producer Tenaris and green technology company Tenova have started a trial of hydrogen fuel use at a Tenaris plant in northern Italy. This...