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Aluminium: LME stocks rise 88% in one day
Total aluminium stocks in warehouses recorded by the London Metal Exchange (LME) rose 88 per cent to 903,850 metric tonnes on Thursday, the highest level since January 2022. The stocks were the subject of so-called ‘rent share deals’, with traders taking...
Primary aluminium: major exporters in 2023
The global primary aluminium market showed a modest growth trajectory in 2023, despite some challenges such as geopolitical crises, inflation, economic slowdown and high bank interest rates. Both primary aluminium production and consumption grew at the same pace,...
German car giants warn of EU duties on Chinese electric vehicles
The year 2024 brought with it a number of warnings and concerns about the European Union's proposed import tariffs on electric vehicles from China. On 5 June 2024, top executives from BMW and Volkswagen raised serious concerns about the possible implications of such...
Copper: prices above $10,000 as supply concerns counteract falling demand
Copper rose above $10,000 a ton on expectations of tighter global supply and increased consumption in electric vehicles and power grids, which countered signs of demand destruction in China, the largest consumer. Copper prices have risen 17% this year on fears of...