LME warehousers slash capacity as metal stocks drain away
Exchange stocks have been draining away as pandemic demand recovery collides with disrupted supply chains across the base metals spectrum.
Source: mining.com
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Glencore exits metals storage in $177m deal with Infinity Logistics
As the company continues to sell smaller assets.
Source: moneyweb.co.za
Malaysian logistics company buys Glencore's metals warehousing business for $177M
Glencore is selling its metals warehousing business to Malaysia-based Infinity Logistics and Transport Ventures.
Source: freightwaves.com
Infinity Logistics to buy Glencore's warehousing operation for $177m
Switzerland-based Access World handles about 20 million tonnes of commodity products a year, including oil and gas and industrial metals.
Source: mining.com
Queues at Istim warehouses in Port Klang fall to 20 days
Queues at Istim warehouses in Port Klang fall to 20 days Waiting times for aluminium at Istim warehouses in Port Klang, Malaysia, fell to just 20 days at the end of December, according to the London Metal Exchangeâs latest queue report. There was a queue for aluminium at Istim warehouses in Port Klang every month in 2020. The queues originally built up due a series of large aluminium cancellations across the LME network in Port Klang. But a significant number of deliveries out have shortened the queue again. LME data shows no material was delivered in to Istim warehouses...
Source: metalbulletin.com