FLASH NEWS

  • 5 minutes 47 seconds ago
    The Federal Court in Brazil Lifts Embargo Against Alunorte- The World’s Largest Alumina Refinery

    The Federal Court in Belém, Brazil, lifts an embargo (one of the two) on Alunortes new bauxite residue disposal (DRS2) under the civil lawsuit.

    • However, Alunorte is subject to an embargo on DRS2 levied by the same court in a parallel criminal lawsuit, albeit, the alumina refinery major expects an extension of the civil decision to the criminal case shortly.
    • Alunorte would continue to utilise the old bauxite residue disposal area (DRS1) until the DRS2 embargo under the criminal case is lifted.

  • 6 minutes 39 seconds ago
    Chinese Ports Pile-up Iron Ore Ahead of the National Holidays in China

    Iron ore inventory across the Chinese ports witnessed a sharp pile-up ahead of the National Holiday.

    • The inventory across 35 significant ports in China surged by 3.92 million tonnes to stand at 111.93 million tonnes (for the week ended 20 September 2019).
    • Iron ore took a jab amid build in inventory to settle at RMB 632.50 (as on 20 September 2019), down by over 2.24 per cent from the previous close on the Dalian Commodity Exchange.

  • 7 minutes 49 seconds ago
    LME Joins Hand with Fastmarkets to Promote Lithium Reference Price

    London Metal Exchange partners with the global price reporting agency-Fastmarkets to promote the acceptance of lithium reference prices.

    • The London Metal Exchange plans to launch an LME future contract of lithium
    • Lithium chemical prices to be updated on LME’s website on a weekly basis.


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