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Coke coal: imports to Turkey decreased by 20.5 percent in January-April period
Turkey's coking coal imports totaled 425,967 tons in April this year, down 1 percent from the month and up 64.2 percent from a year earlier, according to data provided by the Turkish Statistical Institute (TUIK). The value of these imports was $138.72 million, an...
Aluminum: Chinese producers look to Indonesia after reaching capacity ceiling
Chinese aluminum producers look to Indonesia for smelters like nickel producers. Indonesia has shown interest in hosting aluminum smelters as it did with nickel. Indonesia wants to stop exporting aluminum raw materials and is working to convince foreign investors to...
Elliott Associates sues London Metal Exchange over cancelled transactions
A lawsuit filed by Elliott Associates and Jane Street Global Trading against the London Metal Exchange (LME) for canceling nickel trades during chaotic March 2022 trading will be heard in a London court on June 20-22. On March 8, 2022, nickel prices more than doubled...
Copper: how long the current rebound will last
Copper prices rebounded after the May decline. After the beginning of the month, copper started to form short-term patterns showing a potential upward reversal. However, price action should continue to climb and break through resistance levels to establish a clear...