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  • China’s August Aluminum Imports Surge by Nearly 40% YoY

    China’s August Aluminum Imports Surge by Nearly 40% YoY

    Customs data reveals that China’s aluminum imports in August saw a year-on-year increase of 38.9%, indicating low domestic inventories and improved demand prospects, prompting buyers to expedite their import efforts. Data from the General Administration of Customs shows that China imported...
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  • Oil Prices Surge, US Dollar Soars?

    Oil Prices Surge, US Dollar Soars?

    The US Dollar Index has extended its rally for an eighth consecutive week, reaching a six-month high and marking a 5.5% increase from its July lows. Analysts suggest that the prospect of rising oil prices is further bolstering the outlook for a stronger US dollar. This week, the US Dollar Index r...
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  • South African Miner Competes to Acquire Homakoa Copper Mine

    South African Miner Competes to Acquire Homakoa Copper Mine

    According to multiple sources, at least three South African mining companies are currently competing to acquire the Khoemacau Copper Mine in Botswana, one of Africa’s largest copper mines. The growing demand for copper ensures intense competition for this highly sought-after asset. Insiders...
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  • South Korea’s Gwangyang: New Arena for LME Aluminum Battle

    South Korea’s Gwangyang: New Arena for LME Aluminum Battle

    South Korea’s Gwangyang Port Emerges as New Hub for London Metal Exchange (LME) Aluminum Storage Gwangyang Port in South Korea has now become a pivotal hub for storing aluminum traded on the London Metal Exchange (LME). LME-registered warehouses in the city currently hold 256,650 metric ton...
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  • Aluminum Prices Expected to Maintain Volatile Strength

    Aluminum Prices Expected to Maintain Volatile Strength

    Rising aluminum production in Yunnan, China has undoubtedly added new pressure to global aluminum supply. However, concurrently, the resilience of low aluminum ingot stocks and consumption is providing robust support to aluminum prices. Especially in China, the flourishing real estate market, rap...
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  • Faltering Global Aluminum Demand Puts Pressure on Prices

    Faltering Global Aluminum Demand Puts Pressure on Prices

    Fitch’s research arm, BMI, recently indicated that the sluggish global aluminum demand might continue to exert pressure on aluminum prices throughout this year. They have revised down their average price forecast for aluminum in 2023 from $2500 per ton to $2300 per ton. The agency pointed o...
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  • Citi Bank’s Lavish $160 Million Investment Sparks Russian Aluminum Frenzy

    Citi Bank’s Lavish $160 Million Investment Sparks Russian Aluminum Frenzy

    Citigroup Inc., a global financial institution, has reportedly acquired around $160 million worth of Russian aluminum from the London Metal Exchange (LME), despite the reluctance of many banks to engage with Russian aluminum since the invasion of Ukraine by Russia. According to insider sources, L...
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  • Global Aluminum Oversupply Prices Continue Slump Through 2023 End

    Global Aluminum Oversupply Prices Continue Slump Through 2023 End

    London, August 17, 2023 – The global aluminum market is grappling with a persistent oversupply as sluggish demand, particularly in China and other regions, continues to exert downward pressure on aluminum prices. Analysts predict that this challenging scenario is likely to extend through th...
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  • Oil Titans Embrace Lithium: Unveiling Their Surprising Move

    Oil Titans Embrace Lithium: Unveiling Their Surprising Move

    Two Recent Developments in the Global Energy Sector Garner Attention In recent times, two significant news stories concerning the international energy sector have captured widespread attention. The first piece of news revolves around the colossal American oil and natural gas conglomerate ExxonMob...
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  • Fed Study: Interest Rate Hikes Already Impacting Real Estate Market

    Fed Study: Interest Rate Hikes Already Impacting Real Estate Market

    Latest Research from San Francisco Fed Reveals Potential Slowdown in Housing Inflation as Interest Rates Climb SAN FRANCISCO, August 7th – A recent study unveiled by the Federal Reserve Bank of San Francisco on Monday suggests that the surge in housing inflation, a significant component of ...
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  • Rio Tinto Acquires 50% Stake in Matalco, Boosting Growth in the Recycling Aluminum Business

    Rio Tinto Acquires 50% Stake in Matalco, Boosting Growth in the Recycling Aluminum Business

    In the recent earnings conference call, CEO Jakob Stausholm announced a significant joint venture agreement with Giampaolo Group subsidiary Matalco. Rio Tinto aims to bolster aluminum market sustainability and promote the development of recycled aluminum products through this joint venture. Under...
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  • Metal prices surge, while Shanghai tin drops by 2.76%, and coking coal rises by nearly 4%.

    Metal prices surge, while Shanghai tin drops by 2.76%, and coking coal rises by nearly 4%.

    【SMM Daily News】 Metal Prices Surge, Coking Coal Rises by Almost 4% | July DMC Production Increases by 27.24% Month-on-Month | Steel Sector Shows Strength Doliker Technologies: Tesla’s Core Supplier for Stamped Parts, Advancing Integration into Die Casting [Institutional Research Report] ...
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