LME Stores Of Russian Aluminium Hit 42 Percent In January
The London Metal Exchange this week confirmed that its holdings of Russian aluminium rose as expected in January to a...
The London Metal Exchange this week confirmed that its holdings of Russian aluminium rose as expected in January to a...
Individuals claiming knowledge of the situation told Reuters this week that Glencore has sent 40 thousand metric tons of aluminium...
Pittsburgh aluminium pioneer Alcoa Corporation came out in favor of UC Rusal’s suggestion last week for the London Metal Exchange...
Russian aluminium giant UC Rusal has called upon the London Metal Exchange to disclose the origin of the entirety of its aluminium reserves, not just those from Russia. Rusal spoke out in response to the LME’s discussion over identifying Russian aluminium’s origin in its system. Several aluminium producers have called for the complete ban on […]
The London Metal Exchange said last week that it does not plan to ban Russian aluminium from its warehouses due to the fact that a large number of buyers on the platform will continue to buy it next year. Although Russia itself has been sanctioned by several governments in the wake of its invasion of […]
Embattled Russian aluminium titan UC Rusal fired back at critics late last week, denying allegations by Alcoa and others that it has been shipping thousands of metric tons of its primary aluminium to London Metal Exchange (LME) warehouses in recent weeks. Alluding to a statement made by Alcoa and reported earlier in the day by […]
Most of the aluminium that hit London Metal Exchange (LME) warehouses this month came from Citibank according to sources claiming familiarity with the matter. According to reporting in Reuters late last week, a relatively high cost in borrowing money has clamped down on holding aluminium outside of LME warehouses as collateral for financial deals to […]
News agency Reuters reported on Tuesday that Glencore plc has delivered significant amounts of aluminium from Russia to warehouses in the Republic of Korea (South Korea) registered to the London Metal Exchange and originating from UC Rusal. Two sources claiming knowledge of the situation told Reuters this week that the shipments of Rusal’s aluminium arrived […]
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...