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Aluminium: Glencore adds Russian metal to LME system
According to market sources, commodities trader Glencore has deposited more Russian aluminium in London Metal Exchange (LME)-approved warehouses at the South Korean port of Gwangyang. The increase in stockpiles of Russian aluminium produced by Rusal at the LME is a...
Zinc: treatment costs rise after 2022 freeze
According to the International Lead and Zinc Study Group (ILZSG), last year's zinc market was characterised by smelter problems, with global production of the refined metal declining by 4.1 per cent compared to 2021. This was the steepest drop in global zinc...
World Bank raises global growth forecast for 2023
World Bank President David Malpass announced that the bank has raised its global economic growth forecast for 2023 to 2 per cent from the 1.7 per cent recorded in the report published in January. However, global growth is expected to remain weak this year compared to...
China car sales down 6.7 % in January-March
According to the China Automobile Manufacturers Association (CAAM), car production in the country fell by 4.3% year-on-year to 6.21 million units in the January-March period this year, with sales at 6.07 million units, down 6.7% year-on-year. In the first three months...