The numbers for August 12, 2013: Heavy Metal
The amount of tons of aluminum that the London Metals Exchange allows out of warehouses each day. Aluminum manufacturers, who own the metal but not the warehouses, filed a lawsuit against the metal regulator alleging price fixing in the aluminum market. (Forbes)
In South Korea, the amount companies are willing to pay scholars each year per person for research and development work. Universities sometimes provide useful R&D talent for companies looking to invest. A new study from from the British magazine “Times Higher Education” finds that East Asian academics, particularly those from South Korea, are valuable enough to bring in six figure payments per person each year. American scholars, by comparison, are paid $25,000 each on average. (Marketplace)
The number of days it takes to get from Asia to Europe sailing through the newly opened Northeastern Passage in the Arctic. A Chinese cargo ship was the first to use the route after embarking for Rotterdam, Holland from Dailan, China on Thursday. Melting sea ice in the Arctic should allow Asian ships to cut their travel time to Europe nearly in half, avoiding a normal trip through the Indian Ocean and up the Suez Canal. (Marketplace)
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