Share of Russian aluminium in LME warehouses falls in June as Indian metal rises. Russian-origin aluminium made up 66 % of available London Metal Exchange (LME) inventories in June, down three points from May, while Indian metal climbed to 34 %, the exchange’s latest data show.
The LME figures, released on Thursday, put Russian aluminium on warrant at 221,875 metric tonnes, little changed month on month despite the percentage fall. By contrast, stocks of India-made aluminium grew to 114,150 tonnes from 97,950 tonnes.
Metal produced in Russia after 13 April 2024 is barred from LME warehouses under U.S. and British sanctions over Moscow’s 2022 invasion of Ukraine, but material made earlier may still be traded.
Russian copper’s share of available LME stocks slipped to 53 % in June from 54 %, with volumes narrowing to 31,225 tonnes from 39,350.
China-made copper accounted for 42 %, its tonnage dropping to 24,900 tonnes from 30,825.
For nickel, Chinese-origin metal represented 63 % of available stocks at the end of June, up from 59 % in May, the data showed.
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The European Union faced calls to implement a never-before-used range of economic countermeasures known as the 'Anti-Coercion Instrument' as part of the bloc's response U.S. President Donald Trump’s plans to impose tariffs on European countries in connection with Greenland.
Syrian President Ahmed al-Sharaa has signed a decree recognising Kurdish language rights, as government forces advanced against U.S.-backed Kurdish-led fighters despite U.S. calls for restraint.
Italian Prime Minister Giorgia Meloni said on Saturday (17 January) that concerns over security in Greenland should be addressed within the framework of NATO, describing a ground military intervention as highly unlikely.
Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing that the companies profited unfairly from his early support of the artificial intelligence firm, according to a court filing made public on Friday.
The Turkish Defence Ministry has voiced its support for recent military operations by Syrian government forces against the Kurdish-led Syrian Democratic Forces (SDF), which enjoy the support of the United States.
Tens of thousands of users were left unable to access Elon Musk’s social media platform X on Friday, with outages reported across multiple countries including the United States, the United Kingdom, Canada and Australia.
Italian Prime Minister Giorgia Meloni said on Saturday (17 January) that concerns over security in Greenland should be addressed within the framework of NATO, describing a ground military intervention as highly unlikely.
Ashley St. Clair, mother of one of Elon Musk’s children, has filed a lawsuit against Musk’s company xAI, alleging that its AI tool Grok generated explicit images of her, including one portraying her as underage.
The Kremlin has welcomed recent signals from several major European capitals suggesting a renewed openness to dialogue with Moscow, calling the shift a “positive evolution” in Europe’s stance towards Russia.
The European Union faced calls to implement a never-before-used range of economic countermeasures known as the 'Anti-Coercion Instrument' as part of the bloc's response U.S. President Donald Trump’s plans to impose tariffs on European countries in connection with Greenland.
Six people have been killed after a massive fire tore through a shopping centre in Pakistan’s largest city, Karachi, authorities said, as firefighters battled through the night to contain the blaze.
The world is entering a more unstable and fragmented phase as global cooperation declines and rivalry between major powers intensifies, the World Economic Forum has warned.
The Trump administration has denied a report that countries would be required to pay $1bn to join a proposed U.S.-backed peace initiative, after Bloomberg News said a draft charter set out a membership fee.
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