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Dramatic Surge in Waiting Times for Aluminum Deliveries at the LME
The London Metal Exchange (LME) recently experienced a significant increase in wait times for aluminum deliveries. Specifically, wait times jumped from zero to more than five months following a large influx of metal from the Trafigura Group in May. Waiting...
Aluminum LME: Market Analysis
A series of significant movements in LME aluminum prices over the recent period can be seen from the chart below. Aluminum prices showed a bullish trend from mid-March until mid-May, followed by a decline. Below, we will explore the factors influencing these...
LME Copper: Market Analysis
The chart below shows that the 3-month LME copper price has fluctuated significantly in recent months. After a period of growth, prices peaked around mid-May 2024, exceeding US$10,800 per ton. However, since then, the price has steadily declined, reaching around 9,713...
The Future of the Chinese Steel Sector in the ETS: Challenges and Opportunities
In 2024, the Chinese government and the country's Steel Industry Association are pushing for the adoption of the National Compliance Emissions Trading System (ETS). However, the road to full integration of the steel sector into this system is fraught with obstacles,...