Cainiao announces Atlas charter partnership

Cainiao Smart Logistics Network announced a partnership to launch a charter program with Atlas Air Worldwide Holdings. This partnership will enhance Alibaba’s extensive logistics network as cross-border trade between China and Latin America continues to expand. Beginning in November, Atlas Air will operate 3 weekly charter flights dedicated to Cainiao, linking China with Brazil and Chile, reducing the overall shipping time from a week to three days on average.

Copper nears multi-year highs on Chinese demand

Copper touched a three-week high as demand from top consumer China and the threat of strikes by miners in Chile pushed prices closer to 27-month highs reached in September, though a strengthening yuan limited gains. Benchmark three-month copper on the London Metal Exchange (LME) was down 0.2% at $6,748 a tonne fter going as high as $6,785.25. The metal used in power and construction hit $6,877.50 as the Chinese industry reopened and speculators bought into the rally.