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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...
Nickel: global supply moves into surplus
Nickel prices rebounded strongly in the first three weeks last month. However, prices soon fell back into range. These declines continued into early October, with prices remaining mostly firm since July. In the long term, these movements offer no clear direction for...
Aluminum: energy prices force German producers to cut production
Rob van Gils, newly elected new president of Aluminum Germany, said high energy prices are putting energy-intensive production in Germany out of business. Primary aluminum production is highly energy-sensitive; it takes about 17,000 kWh of electricity to produce one...
Aluminum: metal heading for further risk in supplies as Biden considers ban on Russia
A total U.S. ban on Russian aluminum threatens to disrupt a global market already tested by multiple disruptions, casting attention on how China could fill a possible supply gap. The Biden administration is considering options that include sanctions on Russia's top...