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LME aluminum futures closed up by $48 at $3,522/ton. LME zinc futures closed down by $16 at $3,344/ton. LME lead futures closed down by $6 at $1,949/ton. LME nickel futures closed down by $103 at $19,365/ton. LME tin futures closed up by $209 at $49,423/ton.

In the first quarter of this year, around 62% of the exported crude oil from this state-owned oil company was shipped to China. During January to March, Petrobras exported an average of approximately 1.12 million barrels of oil and derivatives per day, marking a 47% increase compared to the same period last year. India became Petrobras' second-largest destination, receiving about 15% of the total exports, up from 14% in the same period last year. Petrobras stated in its securities filing: “India is currently the world’s second-largest importer of seaborne oil, and has solidified its position as a strategic market.” Expand

Jason Kluk left the Switzerland-based mining giant at the end of 2024. Jersey and UK registration documents show that he is a director of Essenwood Partners. Sumitomo Corporation stated that Essenwood Partners jointly led the acquisition of its 54% stake in Ambatovy with South African company Zungu Investments. On Friday, Sumitomo Corporation announced that after holding this stake for more than 20 years, it will divest and transfer it to Jersey-based Ambatovy Mineral Resources Investment Holding Co. (AMRI), and this investment will result in a loss of $445 million.