Group items tagged

The new 2,995-room luxury resort features inspired designs, original collection of diverse dining experiences and expansive private terraces overlooking the Las Vegas Strip.

As designed, the cities will have a total of four times the geographic area of Hong Kong, three times the population of Dubai, and - so the Saudis claim - an economic output equal to Singapore's. The coastal King Abdullah Economy City is designed to house two million in an area twice the size of Hong Kong. Entirely funded by domestic and foreign private investors, this is the only one of the four planned cities that is currently under construction. Aside from the seaport and residential area, KAC will also house a sprawling industrial zone, a central business district, a sea resort, and a multi-university education campus.

In an interview during the annual CESCO week, Luvata's VP of metals sales Ian Scarlett said that the current warehousing activities are causing distortions to the LME's function as a market of last resort. The VP said he would like to see premiums reflect current market conditions and that some market players could distort the system, adding that the "copper value chain is broken." Mr Scarlett said that it is "not logical" for premiums to be rising during this current period of an increasing market surplus.