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As of last Friday, Yangshan copper premiums with a quotation period in May stood at $18-33/mt under warrants during April 24-28, with the average up $2.5/mt from a week earlier. Those stood between $36-50/mt under bill of lading with a quotation period in May, with the average up $3/mt. As of April 28, the SHFE/LME copper price ratio stood at 7.85, and import losses stood at 100 yuan/mt.
LS Mtron Injection Molding Machines USA LLC is a newly named entity with a new president of sales: industry veteran Paul Caprio.
LS is on track to reach a record-high performance under the leadership of LS Group Chairman Koo Ja-eun, who is scheduled to complete his first year in office, according to industry officials, Tuesday. He was appointed as the group chairman in November 2021 and began his term in January this year. Under his leadership, LS Group is expected to record its highest performance ever thanks to the favorable performance of its main businesses and acceleration of new businesses.
LS Group Chairman Koo Ja-eun has conducted his first reshuffle of the group's top management since taking helm of the group at the beginning of the year. LS Group retained most of the CEOs of its major subsidiaries to focus on organizational stability and minimizing external and organizational changes in consideration of the global economic downturn, although the conglomerate is expected to log a record-high performance this year.
LS chief to focus on creating synergy with existing and new units