Shipments

January 3, 2025 12:26 PM

Oman resumes copper exports after three-decade pause with historic shipment from Lasail mine

In a major development for Oman's mining sector, the sultanate has recommenced copper exports after a 30-year break with its first shipment of 900 tonnes of copper concentrates from the Lasail mine in Sohar. The project, overseen by Minerals Development Oman marks a crucial step in the nation's economic diversification efforts. The milestone carries particular historical weight, as the region boasts a 3,000-year legacy of copper mining, including operations by the Oman Mining Company since 198...

China’s exports and imports return to growth, signaling demand recovery

China's exports and imports returned to growth in April after contracting in the previous month, signaling an encouraging improvement in demand at home and overseas as Beijing navigates numerous challenges in an effort to shore up a shaky economy. The data suggests a flurry of policy support measures over the past several months may be helping to stabilize fragile investor and consumer confidence, though analysts say the jury is still out on whether the trade bounce is sustainable. Shipments f...