The prices of the base metals rose on Wednesday in London, boosted by rising industrial profits in Chinathe main consumer of metals, while aluminum reached eight-month highs due to technical purchases and concerns about supply. When operations resume after the Christmas holidays, three-month aluminum in the London Metal Exchange (LME) gained 2% to US$2,373.5 a […]
Tag: nickel
Microalgae in the recycling of used batteries: a path towards sustainable ecology
With the increase in demand for electric vehicles new challenges have arisen. In particular, the proper disposal of used batteries, something that poses a serious environmental threat. Although recycling heavy metals such as lithiumhe cobaltmanganese, nickel and others found in batteries is the preferred approach, the extraction process often causes environmental contamination. At present, the […]
Trafigura discovers fraud in nickel shipments from India
The company trafiguraspecialized in the commercialization of raw Materialssaid today that it has uncovered systematic fraud by a group of companies connected to or controlled by Indian industrialist Prateek Gupta, which could result in estimated losses of up to $577 million. The entity said it has initiated legal proceedings against the businessman and the companies […]
Copper starts stable a week of de-escalation for nickel
The copper experienced a decline of 0.7% in the first hours of this Monday, according to the board of the London Metal Exchange (BML). According to the initial estimate for this week, the raw material was traded at US$4,614 per pound, averaging US$4,509 so far this year, with an increase of 17.8%. Juan Ortiz Godoy, […]
Nickel market open but frozen; lowers are expected
The nickel market officially reopened on Wednesday, but the reality is that it remains frozen. Buyers have stood on the sidelines, watching prices reel from daily caps introduced this week by the London Metal Exchange. Electronic trading stalled again on Friday after a brief flurry of trading when the market opened at 8 am, with […]
JPMorgan is biggest counterparty in Chinese tycoon’s nickel bet
JPMorgan Chase & Co. is the Chinese tycoon’s biggest nickel trading counterparty caught in an unprecedented short squeeze, putting the bank at the center of one of the most dramatic moments in metals market history. Some 50,000 tons of the total nickel short position of XiangGuangda, of more than 150,000 tons, is maintained through an […]
Copper begins a stable week, while nickel operates at a decade high
The prices of nickel They climbed to their highest level in more than a decade on Monday as low inventories, healthy demand from electric vehicle battery makers and concerns about supplies from Russia fueled buying, while copper was flat. Among other industrial metals, copper added 0.1% to $9,967 a tonne, aluminum gained 0.6% to $3,282 […]