The volume of Russian aluminium imports to South Korea reached its highest level in over 12 years this October, according to calculations based on data from the Korean statistical service by RIA Novosti. In October 2024, South Korea’s purchases of aluminium from Russia totaled $96.5 million, marking the maximum monthly import volume since June 2012,...
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The global platinum mining industry, particularly in South Africa, the largest producer, is grappling with significant challenges as weak demand has led to revenue losses and job cuts. This downturn threatens the viability of the sector, which is critical to the global energy transition due to platinum’s essential role in making electrolysers and fuel cells...
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Nornickel has expressed concerns following the recent sanctions imposed by the US and the UK on the import of aluminum, nickel, and copper from Russia. A company spokesperson stated that these restrictions are likely to increase market volatility, heighten supply chain uncertainties, and ultimately escalate the prices for end users globally. The representative emphasized that...
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Despite the ongoing political strikes affecting rail transport and the war in Ukraine entering its third year, Finland continues to receive imports of Russian nickel and fertilizers. The government’s closure of checkpoints on the Russian border has not halted these deliveries, as neither commodity is currently subject to EU sanctions imposed on Russia. These critical...
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The global nickel markets have witnessed significant shifts, largely due to Indonesia’s assertive entry, offering cheaper supplies and thereby reshaping the competitive landscape. Notably, the price of nickel plummeted by more than 40% over two years, illustrating the impact of Indonesia’s aggressive market strategy. Despite this, there’s a consensus among experts that Russia, with its...
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