‘Fake’ aluminum stocks put perils of China’s commodities funding in spotlight

The opaque world of funding commodities trading in China is again under the spotlight.

Bloomberg News | June 6, 2022 | 8:09 am

Rusal files suit against Rio Tinto over alumina refinery

The lawsuit challenges Australia's response to Russia's invasion of Ukraine, which included wide-ranging sanctions against Russian firms.

Reuters | June 6, 2022 | 7:22 am

Ma’aden to use steam from massive solar facility to produce alumina

The Saudi Arabian Mining Company and GlassPoint joined forces to develop the world’s largest solar process heat plant.

Staff Writer | June 6, 2022 | 6:06 am

BofA identifies the prime causes of violent metal short squeezes

LME inventories and non-commercial futures positioning are the primary drivers of metals short squeezes.

Henry Lazenby | June 2, 2022 | 11:02 am

Chinese warehouses check metal inventories as traders cry foul

Regular operations in at least three Chinese warehouses have been suspended to check on-site metal inventories.

Bloomberg News | June 2, 2022 | 10:00 am

Chinese traders find aluminum stocks they financed may not exist

At least three companies lent a total of more than 500 million yuan ($75 million) against stockpiles of the metal stored in a warehouse in the southern province of Guangdong that turned out to be worth significantly less than that.

Bloomberg News | June 1, 2022 | 1:03 pm

Commodities turn higher as China loosens its virus restrictions

Industrial commodities in China mostly rose as the number of covid-19 cases fell and the government began to loosen the restrictions.

Bloomberg News | May 30, 2022 | 6:48 am

Shrinking stocks likely mean more LME metal price volatility

Overall stocks in LME warehouses have fallen below 900,000 tonnes from levels above two million tonnes in January 2021.

Reuters | May 30, 2022 | 6:27 am

Demand for green metals from recycling expected to grow – report

A report by White & Case states that global demand for scrap metal is expected to remain strong over the coming years.

Valentina Ruiz Leotaud | May 29, 2022 | 7:35 am

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EV battery leader CATL joins BYD, Tesla to tap solar’s boom

Column: Aluminum is the West’s critical minerals blind spot

LME aluminum stocks climb by over 20,000t in South Korea

Russia raises aluminum exports to China to near record levels as sanctions bite

Trafigura tags large LME aluminum volumes for delivery

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