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Aluminium: Russian metal’s share of LME warehouses remains at 90 per cent
The share of available stocks of Russian-origin aluminium in London Metal Exchange (LME) approved warehouses remained stable at 90 percent in January, according to LME data on Monday. As part of wider sanctions against Moscow over its war in Ukraine, Britain...
Zinc: Trafigura delivers zinc to LME warehouses
Commodities trader Trafigura delivered large quantities of zinc to London Metal Exchange (LME) warehouses in Singapore under lucrative lease agreements, pushing stocks towards a 20-year high in November. Miner Glencore is also delivering zinc to the LME's registered...
Copper: watch out for US inflation data
Copper prices are recovering on Tuesday morning with traders awaiting US inflation data for indications of Federal Reserve interest rate cuts. Three-month copper on the London Metal Exchange was up 0.68 percent at $8,314/mt (09:04 Italian time). The market expects the...
Russia’s dependence on exports to Asia increases, while trade with Europe decreases
Russia's dependence on trade with Asia increased sharply in 2023, while its trade with European markets plummeted: the Asian share of Russian exports and imports rose to 72% and 68% respectively, according to data from the Russian Customs Service. Moscow stopped...