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The Chinese Stimulus Plan: A confidence boost for commodities?
China has launched the largest economic stimulus package in years, causing a positive reaction in commodity markets. As mainland markets reopen after a week of national holidays, we are expected to see whether or not this rally can continue. The package of measures,...
Rusal doubles capacity at Boguchansky plant: a boost to Siberia’s aluminum industry by 2030
Russian aluminum giant Rusal recently announced an ambitious plan to double the production capacity of its Boguchansky plant, located in Siberia, to 600,000 tons by 2030. This project marks a major expansion for one of the world's leading aluminum producers outside of...
Canadian Duties on Chinese Aluminum and Steel: To Go From Oct. 22, 2024
The Canadian government has reconfirmed its decision to impose duties on aluminum and steel products from China, effective Oct. 22, 2024. This measure, announced by Deputy Prime Minister and Minister of Finance Chrystia Freeland, was described as a key step to protect...
Turkish Wire Rod Exports: Trend and Outlook 2024
According to data provided by the Turkish Statistical Institute (TUIK), in August 2024, Turkey's wire rod exports contracted significantly, with a 2.3% drop on a monthly basis and an impressive -42.3% year-on-year to 44,030 tonnes. At the same time, revenue from these...