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Freeport Indonesia Inaugurates New $3.7 Billion Smelter at Gresik: Impact and Prospects
Freeport Indonesia has officially launched its new copper smelter, a $3.7 billion project located in Gresik, East Java Province. This initiative responds to the growing demand for copper, which is crucial in the global transition to renewable energy. The new plant, as...
LME Evaluates Hong Kong as New Warehouse Location: Global Strategy and Impacts on the Metals Market
The London Metal Exchange (LME) is considering opening a warehouse in Hong Kong, a move that could strengthen its global presence and improve its logistics operations. This development was announced Thursday by the CEO of the LME's owner company, confirming a...
Discovery in Japan: A New Frontier for Deep-Sea Metal Mining
A team of Japanese researchers has discovered over 200 mln tonnes of manganese nodules rich in precious metals for batteries in the Pacific Ocean, within the country's exclusive economic zone. Experts from the University of Tokyo and the Nippon Foundation revealed...
Falling Prices of Imported Scrap Aluminium in India: Market Analysis
This week, prices of aluminium from imported scrap in India experienced a downward correction. This drop was mainly caused by the impact of the upcoming monsoon season on market demand, despite stable aluminium prices on the London Metal Exchange (LME). The resulting...