White-hot metal market cools in warning for global economy

Industrial metal prices have just seen their biggest quarter of falls in many years.

The London Metal Exchange Index has tumbled 23% since the end of March.

Rio Tinto will leverage insights from its initiative to allow consumers to use QR codes to see exactly how their products were made from mine to market – including sustainability data.

Industrial metals are on track for the worst quarter since the 2008 financial crisis

China produced a record 3.42 million tonnes of primary aluminium in May as the country's smelters continue to ramp up run-rates.

The 190,000 tons shipped in May brings the year-to-date figure to 380,000 tons, nearly 1,000% higher than the same period in 2021.

Europe and the United States look set to live with very low inventory cover across the metallic board.

Aluminum prices have stalled this year after a surge of more than 40% in 2021, the biggest rally in more than a decade.

Ghana is on a roadshow to find a strategic partner to rebuild state-owned smelter.