Europe

Will the 140-year old London Metal Exchange survive the 21st century?

Will the 140-year old London Metal Exchange survive the 21st century?

There is no question that the London Metal Exchange (LME) is the biggest metals exchange on Earth. However, questions have lately arisen as to whether the 140-year-old exchange is fit for purpose. The members-only exchange is, in some ways, a throwback to...

Events

More Shipments and Better LME Price Boost Constellium’s Q2 Numbers

Amsterdam’s value-added aluminium firm Constellium N.V. released results for the second quarter yesterday. An increase in shipments and improved aluminium prices helped raise the firm’s bottom line in the just-ended quarter. Constellium shipped 383 thousand metric tons of product in the quarter, down one percent from Q1’s total of 387 thousand metric tons. Revenue rose […]

Aluminium Segment Buoys Norsk Hydro’s Q2 Numbers

Oslo’s Norsk Hydro ASA reported second-quarter results yesterday. Though numbers for the quarter were slightly below expectations, the firm’s aluminium operations exceeded projections for the period. Overall Earnings Mostly Positive Revenue for the quarter totaled NOK24.6 billion, up 7 percent quarter-on-quarter, and up 21 percent year-on-year. Earnings before financial items and tax came to NOK2.95 […]

Liberty House Buys Aluminium Auto Parts Maker Amtek UK

London’s industrial and metals company Liberty House Group announced the recent acquisition of aluminium automotive parts makers Amtek Aluminium Castings (Witham) Limited and King Automotive Systems Limited (Amtek UK). The deal, which saves over 500 jobs in the immediate area, was completed with PricewaterhouseCoopers (PwC), who was in possession of the firms as an administrator, […]

Rio Tinto Sets Bauxite Production Record in Q2

Anglo-Australian metals miner Rio Tinto Group released production totals for the second quarter of 2017 yesterday. Among the firm’s highlights in the quarter was a record bauxite ore production of 12.9 million metric tons. The firm record output was a 7 percent increase year-on-year, and a 14 percent increase quarter-on-quarter. Total production for the first […]

Dutch Shipbuilder Begins Construction on World’s Biggest Aluminium Yacht

A Dutch shipbuilder has begun construction on what will soon be the world’s largest aluminium-hulled yacht. Vollenhove’s Royal Huisman, in partnership with Dykstra Naval Architects, designer Mark Whiteley and Bart Kimman of Northrop & Johnson Asia, is laid the keel for the 265-foot contemporary three-masted schooner earlier this year. The team completed design, construction planning, […]