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The Copper Rush: Glencore, Mercuria and Trafigura Acquire Metal from the DRC
Glencore Plc, Mercuria Energy Group and Trafigura Group recently acquired copper from state-owned mining giant Gécamines in the Democratic Republic of Congo (DRC). This is a significant move for the industry, as it is the first time that Gécamines is marketing metals...
The Future of the Car in Europe: Rethinking the Combustion Engine Ban for 2035?
The European Union has passed an ambitious law banning the sale of new vehicles with internal combustion engines from 2035 as part of its decarbonisation strategy. However, some Italian officials, including Energy Minister Gilberto Pichetto Fratin and Industry...
Growth of Russian-origin aluminium stocks in LME-approved warehouses: an overview of 2024 trends
According to data published by the London Metal Exchange (LME) on 10 September 2024, the share of Russian-origin aluminium stocks in LME-approved warehouses increased further to 67 per cent in August, up from 65 per cent in July. This increase shows a steady trend...
Fall in ocean shipping rates between Asia and Europe: signs of an early end to the peak season
Sea freight rates between Asia and Northern Europe, as well as to the Mediterranean, dropped further last week, recording prices 20% below the peaks reached in July. This could mark an early end to the peak season which, in turn, had started earlier than...