Loading
Copper: JPMorgan sells more than 30,000 tons of metal booked by Maike Group
JPMorgan Chase & Co last month sold more than 30,000 tons of refined copper booked by the cash-strapped Maike Group that had been stuck in warehouses. The domestic sale, accounting for 10 percent of China's monthly refined copper imports, eased pressure on tight...
Aluminum: Alcoa pushes for Russian embargo
Aluminum producer Alcoa Inc has asked the White House to ban aluminum imports from Russia in the wake of Russia's latest military strikes against Ukraine. Moscow's attacks on Kiev and other cities earlier this week triggered the possibility of a retaliatory blockade...
Copper: Aurubis increases premium for 2023 by 85% to $228 a tonne
Europe's largest copper smelter Aurubis will charge its European customers a premium of $228 per ton over the London Metal Exchange (LME) reference price in 2023. This is a considerable increase from the premium of $123 per ton scheduled for 2022. A spokesperson for...
Copper: Russian material piles up in LME warehouses
Significant volumes of Russian-origin copper have been stored in London Metal Exchange-approved warehouses in Germany, the Netherlands and Taiwan since mid-September, according to market sources. Western countries imposed sanctions on Russian banks and wealthy...