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Aluminum: Zhongwang Holdings’ run ends
Recent news about aluminum supplies continues to be submerged in the Zhongwang Holdings controversy. Many recall the 2019 case when U.S. prosecutors accused six Southern California companies of evading duties on aluminum imports. The organizations had ties to...
Fed: rate hike boosts strength of U.S. $ – To what extent
The Federal Reserve has raised the cost of money by 75 basis points, now between 3.75 and 4 percent, to counter the run-up in inflation. But the fourth consecutive hike of this magnitude, and sixth since the beginning of the year, while not closing the loop may...
Aluminum: Alcoa sends three letters to LME to ask for its intervention on Russian metal
U.S.-based aluminum producer Alcoa wrote to the London Metal Exchange (LME) three times in September and October, calling for a boycott of Russian metal and greater disclosure of the amount in the LME system. In the letters, viewed by Reuters, Alcoa expressed concern...
Critical minerals: Canada orders three Chinese companies out of agreements
The Canadian government on Wednesday ordered three Chinese companies to divest their investments in Canadian critical minerals companies for national security reasons. The three companies ordered to divest their investments are Sinomine (Hong Kong) Rare Metals...