Copper price approaches new high as warehouses in Shanghai and London see reduced stocks.
Copper Prices Surge for Sixth Consecutive Day Copper saw an increase for the sixth day in a row on Tuesday, marking its longest consecutive gains in four months. This uptick was largely driven by Chinese buyers who were stocking up ahead of upcoming holidays, alongside dwindling inventories observed in Shanghai and London, signaling a tightening […]
ICE Advances Plan to Turn Warehouses into Detention Facilities
The Department of Homeland Security (DHS) is proceeding with plans to transform warehouse spaces into immigrant detention centers, despite ongoing lawsuits from activist groups. A recent report indicates that Immigration and Customs Enforcement (ICE) is preparing to award a contract for the construction of facilities near San Antonio and El Paso, Texas. In addition, ICE […]
Amazon shuts down Blue Jay robot initiative shortly after it started in warehouses
Last October, Amazon created quite a stir with its announcement of the Blue Jay, a multi-armed robot aimed at enhancing same-day deliveries. However, just a few months later, the company quietly discontinued the program. The technology at the heart of the robot will still be utilized in other projects, but the Blue Jay as a […]
Trafigura takes zinc out of LME warehouses, with some destined for shipment to the US, sources report.
Zinc Shipments from Trafigura and Market Impacts LONDON/BEIJING – Trafigura, a merchandise trader, is reportedly collecting significant amounts of zinc from a London Metal Exchange-approved warehouse situated in Singapore and sending portions of it to the United States, according to sources close to the matter. The exact quantity of zinc already delivered from these warehouses […]
Amazon’s Robot Workforce Close to Surpassing Human Workers in Its Warehouses
Amazon’s Robot Workforce Grows The Wall Street Journal recently reported that Amazon now operates more than 1 million robots in its warehouses, with even more advanced robots expected to join soon. Interestingly, about 75% of deliveries by major e-commerce companies already involve robotic assistance. Reports indicate that Amazon has transitioned from using Kiva Droids to […]
Amazon union authorizes strike at 2 New York warehouses
Amazon's union has authorized strikes at two New York facilities ahead of a looming December 15 bargaining deadline. “Amazon Teamsters at two New York City facilities, JFK8 and DBK4, are striking after Amazon illegally refused to recognize their union and negotiate a contract that addresses the company's low wages and dangerous working conditions. They voted […]