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Aluminium: Glencore deposits more Russian metal in the LME system
According to market sources, commodities trader Glencore has deposited over 100.000 tonnes of aluminium in warehouses registered by the London Metal Exchange in the South Korean port of Gwangyang. Rusal produces aluminium in Russia and accounts for 6% of global...
Steel: ArcelorMittal plans to increase shipments by 5% in 2023
ArcelorMittal, the world's second-largest steel producer, expects steel shipments to increase by around 5% this year, after reporting a fourth-quarter result in line with expectations. The Luxembourg-based company said its fourth-quarter core earnings (EBITDA), the...
Copper: Glencore reopens Antapaccay mine in Peru
Glencore has resumed operations at its vast copper mine in Antapaccay, Peru, which had been closed for 11 days due to security concerns following violent attacks by locals. The mine was closed on 20 January after the third attack on the site in a month. A spokesman...
Cobalt: the largest source outside Africa is now Indonesia
Indonesia became the world's second largest producer of cobalt, strengthening its bid to become a major player in the electric vehicle supply chain. According to US government data, production of this battery material in the South-East Asian country overtook other...