The Historic Expansion of BRICS, the group of leading emerging economies, to include five new members

On August 16, 2024, the 8th Meeting of BRICS Ministers of Industry was held in Nizhny Novgorod, Russia. The theme of the conference is "Strengthening multilateralism for Equitable Global Development and Security". Vice Minister of Industry and Information Technology Xin Guobin led a delegation to attend the meeting and delivered a speech. Xin Guobin said that as an important emerging market in the world, the expanded BRICS countries will surely play a more important role in maintaining the global economic order and the security and stability of the industrial chain and supply chain. The new round of technological revolution and industrial transformation has brought new opportunities for industrial transformation and upgrading in all countries. China is ready to work with our BRICS partners to deepen practical cooperation, seize opportunities, meet ...

In 2023, the stocks of non-ferrous metals from the Russian Federation on the London Metal Exchange (LME) increased significantly. It is worth noting that traders primarily engage in trading through the LME, while large metallurgical companies typically sell their products to end consumers under long-term contracts. As of the end of 2023, Russian metals accounted for a significant portion of the metals held in the warehouses of the London Stock Exchange. According to recent data, a significant portion of global stocks in the metals market are held in Russian volumes, with 90% of aluminium, 43% of copper, and 31% of nickel stocks being accounted for. It is worth noting that the stock of aluminium saw a sharp increase, doubling from 169 thousand tonnes to 338 thousand tonnes in December 2023. This sudden jump occurred after the UK implemented a ban on trading in Ru...

To meet the carbon goal and with the rapid development of new energy vehicles, "giga diecasting" industry has ushered in the best era, and lightweight casting has become the trend. In order to support the sustainable development of China's die-casting and lightweight casting industry, the "4th Diecasting CEO Summit & High-level Forum for Lightweight Nonferrous Casting to held in November", organized by China Foundry Association, will be held from November 23-26 in Zhuhai, Guangdong-the forefront of reform and opening up. It will be a perfect platform to share development achievements, promote application, and look forward to directions.   Since 2016, the summit has been successfully held for three sessions, with nearly 800 attendees of each session and executives participants accounting for about 70%, which truly creating a high-end and highly inf...