The London Metal Exchange (LME) is facing an aluminum liquidity crisis after traders exploited a loophole in new UK sanctions on Russian metal. The sanctions caused a surge in aluminum prices and a drop in available metal on the LME.
Glencore
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Zinc prices surged after Glencore Plc, a major mining conglomerate, temporarily halted operations at its McArthur River mine in northern Australia. The…
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Glencore, a major player in the global mining and trading sector, has revealed a decrease in its production of essential metals, including copper, nickel, and cobalt, for the year 2023. The company’s announcement comes as it grapples with industry-wide challenges.
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CMOC Group outpaces Glencore as the top cobalt producer with a 170% production increase, impacting cobalt prices and the global market.
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The mining giant Glencore has announced that it will close its underground copper mine and concentrator in Mount Isa, Queensland, as well…
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In a noteworthy endeavor towards community upliftment, commodity trading titan Glencore Ferroalloys has delivered a brand-new substation to a South African municipality…