Aluminum market squeeze intensifies amid LME delays and rising costs The market has also been eyeing a large long position in October contracts held by Trafigura Group. Staff Writer | October 7, 2024 | 6:55 am
Copper demand for electric vehicles is intact, trader IXM says EV sales have slowed for reasons including a lack of charging infrastructure and concerns about resale values. Reuters | October 7, 2024 | 6:46 am
Iron ore price rally continues Iron ore rose — adding to two big weekly gains — on speculation China’s top economic planner will unveil more stimulus measures on Tuesday. Bloomberg News | October 7, 2024 | 4:07 am
India’s SAIL ties up with BHP to reduce carbon emissions India's steel industry accounts for 10%-12% of the country's total emissions. Reuters | October 7, 2024 | 3:59 am
Hedge fund Elliott loses appeal against dismissal of LME nickel lawsuit Judge ruled that the extreme price movement was "a once in a generation event" and that the LME acted lawfully in cancelling the trades. Reuters | October 7, 2024 | 3:54 am
Vale temporarily halts operations at Onca Puma nickel plant Vale estimated it to have a preliminary impact of 1,500 to 2,000 metric tons on its fourth quarter nickel production. Reuters | October 7, 2024 | 3:49 am
Costco’s gold bars fly off shelves as bullion prices smash records Costco is the “one bright spot” in the consumer gold-buying market, analyst says. Bloomberg News | October 7, 2024 | 3:21 am
Ghana’s wildcat gold mining booms, poisoning people and nature "It's risky but I just want to survive," said one of the men at the wildcat site in the Prestea-Huni Valley district in western Ghana. Reuters | October 7, 2024 | 1:33 am
Metals markets eye China reopening for stimulus rally cues There are still concerns that Beijing will need to act even more to restore China to its status as the growth engine for major commodities. Bloomberg News | October 7, 2024 | 12:32 am
