Page 2 - Infinity Logistics News Today

SEBERANG PERAI, Aug 26 — The CMA CGM Group today launched its new block train service connecting Penang and the open container depot in Padang Besar, Perlis — the gateway to...

LONDON: The London Metal Exchange's (LME) global warehousing network is shrinking rapidly, including Malaysia.

The London Metal Exchanges (LME) global warehousing network is shrinking rapidly.

By Andy Home LONDON (Reuters) - The London Metal Exchange's (LME) global warehousing network is shrinking rapidly. Over the past year the number of re...

Scarcity in the physical supply chain has drained metal away from the exchange, hitting rental revenue for storage suppliers, writes Andy Home.

Glencore’s decision to sell its warehousing and logistics business looks like a well-timed call on the metals storage market. It bought Access World in 2010 in the wake of the financial crisis, which generated a surge of metal, particularly aluminium, into London Metal Exchange (LME) warehouses. Total LME inventory of all metals mushroomed from 3.41 ...

Infinity Logistics keen to tap into local capital market

Exchange stocks have been draining away as pandemic demand recovery collides with disrupted supply chains across the base metals spectrum.

As the company continues to sell smaller assets.

Glencore is selling its metals warehousing business to Malaysia-based Infinity Logistics and Transport Ventures.