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[Commodities Archives - Gangnam Times

#commodities (6 Posts)

  • Shanghai Nickel Surges to Three-Month High Amid U.S. Sanctions on Russia Nickel in the Shanghai Futures Exchange has reached its highest level in three months. This is due to the expansion of U.S. sanctions against Russia and growing concerns over supply in Indonesia. According to the Shanghai Futures Exchange (SHFE) on the 26th, the price of nickel in March closed at 135,220 yuan ($18,784.74) per ton […]
  • US Accelerates Rare Earth Industry Growth to Counter China [TheGuru=Eung-Yong Jung] The United States is expected to accelerate the development of its own rare earth industry. With the value of rare earths increasingly high in various industries, the intention is to reduce the dependence on China for rare earths...
  • Adani Group: Plans to Build World's Largest Copper Factory in India [TheGuru=Eung-Yong Jung] India's largest conglomerate, the Adani Group, is building the world's largest copper plant. It is expected to reduce India's dependence on copper imports and contribute to the country's energy transition goals...
  • China Discovers Asia's Largest Lithium Mine [TheGuru=Jung Dae-yong] Asia's largest lithium mine has been discovered in China. The reserves are estimated to be about 1 million tons (t), and the mining rights are held by Sungshin Lithium's subsidiary...
  • New Rare Earth Find Sparks Excitement in Baotou, China New rare earth material "Bayanoboite-Y" discovered in China's Inner Mongolia, a breakthrough in understanding medium rare earth elements.
  • Saudi Arabia's Estimated Untapped Mineral Wealth Hits $2.5 Trillion Saudi Arabia values untapped mineral resources at $2.5 trillion, seeks diversification, plans mining exploration licenses for investors.

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