China 

Gallium: China tightens grip on wonder metal as Huawei works on promising applications beyond 5G

Did you know that a 5G base station can be squeezed into a casing the size of a shoebox? It’s thanks to gallium, a soft, bluish metal that makes it possible.The chipsets that generate powerful bursts of high frequency radio waves are not made with silicon, but gallium nitride. They consume little electricity, produce little heat, and can function comfortably at 800 degrees Celsius, making bulky equipment for power supply and air conditioning redundant.Gallium is one of the 35 technology… Source link

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London Metal Exchange to reboot its cross-border trading channel with Hong Kong, extend trading to Asian market hours

London Metal Exchange, the world’s largest financial market place for base metal futures, plans to reboot its cross-border trading channel with Hong Kong in a three-stage approach to increase transactions during Asian market hours.The first stage, scheduled for the end of 2019, will involve the LME’s parent Hong Kong Exchanges and Clearing Limited (HKEX) rolling out six US dollar-denominated contracts for aluminium, zinc, copper, lead, nickel and tin, said the London bourse’s chief executive… Source link

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Goldzip launches in Hong Kong with US$300 million worth of physical metal in reserve from exchange members

Hong Kong’s local gold exchange will back its new platform for trading digital gold with an initial US$300 million worth of the precious metal, with the minimum reserve to be guaranteed by members of the Chinese Gold & Silver Exchange (CGSE) for three years.Participating members in the new platform called Goldzip are undergoing an audit of their physical gold inventory before it is moved into a vault at the exchange, said CGSE executive director Calvin Ng.The auditing is for verifying that each… Source link

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China 

China to collect applications for scrap metal import licences from next month, trade group says

Chinese authorities will start accepting applications for licences to import unspecified quantities of soon to be restricted types of scrap metal from late May, the recycling branch of the China Non-ferrous Metals Industry Association said.The world’s top metals consumer has been clamping down on scrap imports as part of a campaign against foreign solid waste, leaving overseas scrap exporters scrambling to find other markets.Imports of low-grade copper scrap such as coiled cable and waste… Source link

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Singapore 

60kg metal sheets fall 6 storeys, nearly hit passer-by at Changi building; BCA orders inspection, Singapore News

A woman was nearly hit by heavy metal sheets that dislodged from the roof of a Changi building on Thursday morning (April 4). In response to queries, the Building and Construction Authority (BCA) said it has ordered the building owner to carry out a detailed investigation. No injuries were reported and the structural integrity of the building is not affected, BCA added in its Saturday reply. BCA said that the incident, reported by Chinese-language daily Lianhe Zaobao, occurred at around 10am at 116 Changi Road. The address belongs to WIS @ Changi,…

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Singapore 

Elderly man arrested for possessing air guns, after shooting metal pellets at Jurong flat, Singapore News

SINGAPORE – A 63-year-old man was arrested on Wednesday (April 3) for possessing air guns. The police said in a statement on Thursday that the owner of a flat in Jurong West Street 42 found suspicious cracks on the windows of his master bedroom and toilet. He made a report, and police officers who visited the flat found a metal pellet at the scene. It is believed that the damage to the windows was caused by the impact of the metal pellet. The police said that they established the identity…

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Singapore 

IMDA cancels concert by Swedish metal band Watain, Singapore News

SINGAPORE – The Infocomm Media Development Authority (IMDA) will cancel the Watain Live In Singapore concert on Thursday (March 7), following concerns raised by the Ministry of Home Affairs (MHA). IMDA had earlier allowed the concert with a rating of Restricted 18 (R18), the authority said in a statement. Given the Swedish black metal band’s history, it imposed further stringent requirements including the removal of songs which are religiously offensive, that the band cannot make references to religion or use religious symbols, and that no ritualistic acts are performed on…

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Why these two Russian metal stocks are forging their way back into Hong Kong investors’ hearts

Shares in Rusal, the world’s second-largest aluminium producer, have surged by 71 per cent since the United States signalled its intention seven weeks ago to lift sanctions against the company. But can the Hong Kong-listed stock rise further? It is possible, according to some analysts who said they considered the stock to be undervalued. The Moscow-based company has been beaten down by a geopolitical spat between the US and Russia, which led last April to US sanctions against 23 Russian heavyweights and the firms they control, including Rusal. US sanctions-hit…

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Singapore 

AVA recalls ‘kok zai’ peanut snack after metal fragment found in Malaysian product, Singapore News

SINGAPORE – A Chinese New Year snack has been recalled following a report that a metal fragment was found in the pastry. On Saturday (Jan 19), the Agri-Food and Veterinary Authority (AVA) said it ordered the importer of Da Ji Da Li brand Peanut Puff to recall the product after a small fragmented piece of metal was found. “Following investigation, AVA established that the fragmented metal piece came from a machine used for making the peanut puffs at the factory,” AVA said. It advised consumers not to consume the products…

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Singapore 

Metal object found in CNY peanut snack sold at Giant in Ang Mo Kio, Singapore News

SINGAPORE – All Ms Foo Yen Pyng wanted was to enjoy an early Chinese New Year snack. But when she bit into it, she was horrified to feel something hard and sharp. Promptly spitting it out, she saw that it was a piece of metal that had been hidden in her kok zai. “I was so surprised… Had I not been chewing slowly, I could have swallowed it!” said the 48-year-old analyst. She told The Straits Times on Saturday (Jan 12) that her 76-year-old father had bought the mini peanut…

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