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Geopolitical Risks and Global Economic Prospects: A Central Bank Analysis
An escalation in geopolitical conflicts represents the biggest risk to the global economy, according to central bank reserve managers, who nevertheless remain generally positive about the global economic outlook. This is according to an annual survey conducted by UBS...
Nickel: BHP Temporarily Suspends Operations in Western Australia
Mining giant BHP Group has announced that it will temporarily suspend its nickel operations in Western Australia from October. This decision was made in response to depressed nickel prices caused by an oversupply in the global nickel market. The suspension will affect...
Increasing Prices of Imported Scrap Aluminium in India: An In-Depth Analysis
Prices of imported aluminium scrap in India rose modestly this week, supported by a slight rise in aluminium prices on the London Metal Exchange (LME) and increased buying activity in Europe ahead of the summer break. Three-month aluminium prices on the LME reached...
Dynamics of Russian Aluminium in LME Warehouses: An In-Depth Analysis
According to data released by the London Metal Exchange (LME) on 10 July 2024, the share of available Russian-origin aluminium stocks in LME-approved warehouses rose to 49.81% in June, up from 42% in May. This increase comes after a sharp decline in April and...