According to foreign media reports, as the ongoing escalation of geopolitical conflict in the Middle East disrupted navigation through the Strait of Hormuz, shipments of aluminum products in the region had “stalled.” Mercuria Energy Group, the world’s largest independent integrated energy and commodities trading house, was expected to urgently withdraw nearly 100,000 mt of aluminum from London Metal Exchange (LME) warehousing facilities to ease the supply gap in European and US markets. Three sources familiar with the matter revealed that Switzerland-based Mercuria had on Monday canceled warrants for, or earmarked for delivery, nearly 100,000 mt of aluminum stored in LME-approved warehouses at Port Klang. Mercuria has so far declined to comment on the move.

SHANGHAI, Apr 7 (SMM) - Switzerland announced that it will reduce incentives for small PV systems in favor of larger projects that use all available roof surface.

He Lifeng to Visit Switzerland and France, Hold High-Level Sino-US Economic and Trade Talks, and the 10th China-France High-Level Economic and Financial Dialogue SHFE Tin Prices Fluctuate Rangebound [SMM Tin Morning News] Futures Market: The most-traded SHFE tin contract (SN2506) exhibited a rangebound fluctuation trend. It closed at 262,000 yuan/mt during the night session, up 0.73% from the previous trading day, with total open interest reaching 29,000 lots. Market trading was relatively cautious. Macro: (1) He Lifeng will visit Switzerland and France, and hold high-level Sino-US economic and trade talks, as well as the 10th China-France High-Level Economic and Financial Dialogue. During his visit to Switzerland, as the Chinese lead negotiator for Sino-US economic and trade affairs, Vice Premier He Lifeng will hold talks with the US lead negotiator, US Treasury Secretary Bessent. (Bullish ★) (2) The State Council Information Office held a press conference at 9 a.m. today. Departments such as the People's Bank of China and the China Securities Regulatory Commission will make statements and introduce the relevant situation of "a package of financial policies to support market stability and expectation stability." (Bullish ★) (3) Tariffs - ① It is reported that if negotiations fail, the EU will impose tariffs on US goods worth 100 billion euros. ② The UK and India have reached a free trade agreement. ③ UK media: The UK and the US are expected to reach a trade agreement this week, proposing to reduce tariffs on automobiles and steel. ④ Trump: The US-Mexico-Canada Agreement (USMCA) may be renegotiated.

Dongfeng Motor's MHERO luxury new energy off-roader brand took a crucial step in its global strategy on April 12, as its first product, the MHERO 917, was officially launched in Zurich, Switzerland, w...

On the morning of the 10th local time, high-level economic and trade talks between China and the US began in Geneva, Switzerland. He Lifeng, a member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, as the Chinese lead negotiator for economic and trade issues with the US, held talks with his US counterpart, US Treasury Secretary Scott Bessent, on the same day.

United Bank of Switzerland raised its growth forecast for China in 2023.