Vedanta misses Q4 profit estimates on lower prices

Vedanta reported a 27% drop in fourth-quarter profit on Thursday.

Reuters | April 25, 2024 | 6:57 am

Guinea’s bauxite production increases for third consecutive year

The West African nation's bauxite production rose over 19% year-on-year in 2023 to about 123 million metric tons.

Reuters | April 24, 2024 | 7:29 am

World’s biggest energy traders are returning to metals markets

Vitol, Gunvor and Mercuria Energy are among the traders building out their metals teams, as they look to deploy capital generated by record profits.

Bloomberg News | April 24, 2024 | 1:23 am

LME takes aim at traders’ Russian metal games with new rules

New measures designed to undercut the economic rationale for withdrawing Russian metal already on the LME and selling it back on the exchange under a less-desirable category.

Bloomberg News | April 23, 2024 | 2:49 pm

New process recovers five times more lithium from waste than existing technology

Scientists discovered that aluminum hydroxide can adsorb five times more lithium than can be collected using previously developed adsorbent materials.

Staff Writer | April 21, 2024 | 6:04 am

Glencore and Trafigura’s sanctions games are draining the LME

The world’s two biggest metals traders plan to withdraw the metal to profit from a new multi-tiered system created by the sanctions.

Bloomberg News | April 19, 2024 | 1:42 pm

Glencore acts to profit from LME post-sanction rule change

Glencore aims to take thousands of metric tons of Russian aluminum from the LME and return it at a later date to profit from rule changes.

Reuters | April 18, 2024 | 6:52 am

Biden calls for tripling of tariffs on Chinese steel

The Biden administration is also pressuring neighboring Mexico to prohibit China from selling its metal products to the United States indirectly from there.

Reuters | April 17, 2024 | 8:34 am

Traders are already gaming the new Russian metal sanctions

The opportunity lies in massive piles of Russian metal already sitting in the LME global warehouse network.

Bloomberg News | April 17, 2024 | 6:06 am

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Last

Rusal says board recommends not paying H1 dividend

Citi says US election risk to contain metals prices for now

Column: West plugs defences as China cranks up aluminum output

LME open-outcry trade lives on as SocGen quit sparks no rush for exits

Rusal’s first-half profit jumps 42% on lower costs

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