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The Uncertain Future of Ring Trading at the London Metal Exchange: Tradition or Innovation?
The London Metal Exchange (LME), one of the last bastions of ring trading in the financial world, is at a crossroads. Although ‘ring trading’ appears to be safe for the moment, with most of the companies involved pledging to maintain this historic mode of trading, its...
Rusal: The Aluminium Giant Defying Sanctions and Expanding Production
Russian aluminium giant Rusal reported an impressive 41.6% growth in its adjusted net profit for the first half of 2024. This extraordinary result was achieved despite the geopolitical challenges and sanctions that hit Russia due to its actions in Ukraine. Rusal...
The European Hot Rolled Steel Market: Pressures and Challenges in an Environment of Surplus and Insufficient Demand
The European hot-rolled (HRC) steel market continues to be under significant pressure from oversupply and insufficient demand. Despite the introduction of recent import restrictions by the European Union, the price decline has not stopped, slowing only slightly, but...
Collapse of Chinese Aluminium Extrusions Exports in July 2024: Implications and Future Prospects
According to Chinese customs data, domestic exports of aluminium extrusions fell dramatically in July 2024, reaching just 90,300 tonnes. This represents a dramatic 74.8% drop from the previous month, but at the same time a slight increase of 0.83% compared to the same...