ShreeMetalPrices: Lithium Output Cuts Back in China After Price Collapse


Lithium prices have collapsed, forcing Chinese companies to reduce production of a crucial battery component at a major industrial hub. According to a story in the Chinese journal Paper. Which did not name any specific enterprises and cited an unnamed source, some lithium manufacturers in Yichun, Jiangxi Province, including 2 significant ones, have slowed down […]

ShreeMetalPrices: China’s Aluminium Ingot Inventory continue to slide


The social inventories of aluminium ingots in China’s eight main markets were 1.04 Million MT as of Apr 6, down to 28K MT from Apr 3 & 50K metric tonnes from the previous week. The amount was also 30K metric tonnes lower than during the same time previous year. Due to the approaching delivery of […]

ShreeMetalPrices: UBS buys Credit Suisse in $3.25B to halt banking turmoil


The acquisition of Credit Suisse with UBS will produce a banking titan unprecedented of in Switzerland’s history, where in banking is a vital part of country’s identity. Here are the key terms of the 3.25 billion dollar settlement. Which was reached on Sunday following protracted negotiations involving the govt, financial watchdogs, and the central bank. […]

ShreeMetalPrices: Indonesia Grasberg Copper & Gold Mines have Resumed its Operations.


Copper Miner Freeport Indonesia has resumed operations at its massive Grasberg mines in Indonesia’s Papua area after it was flooded, according to a company representative on Wed. Yesterday, copper dropped -1.69% to 763.00. In February, the business forced to halt operations at its flagship mine when mudslides and torrential rains destroyed the infrastructure. The processing […]