lme

London Metal Exchange Mandates Reporting Of Over The Counter Trades To Prevent Price Spikes

London Metal Exchange Mandates Reporting Of Over The Counter Trades To Prevent Price Spikes

In an effort at combating the unexpected spike in nickel prices earlier this year, the London Metal Exchange said yesterday it will require its members to report over the counter (OTC) trades going forward. In a statement released Friday, the LME said...

Events

LME To Debut Trading Platform For Low-Carbon Aluminium In Coming Months

The London Metal Exchange announced late last week its plans to establishing a trading platform that will offer low-carbon aluminium warrants to traders seeking a source of primary aluminium derived principally from hydroelectricity or other renewable resources. “Our plans include…working with the market to investigate a standalone spot trading platform for the exchange of aluminium […]

May’s Rise In Aluminium Exports From China Boosted Prices Above Multi-Year Low

Data released by the government of the People’s Republic of China yesterday showed a surge in exports last month, leading to concerns of oversupply among market participants as well as a rebound from multi-year low prices. Numbers released by Beijing showed a month-on-month rise in exports last month of 7.6 percent to 536 thousand metric […]

U.S. Government Rescinds Sanctions On U.C. Rusal, En+ Group, And JSC EuroSibEnergo

The first business day back at work for the United States federal government saw the long-awaited lifting of sanctions from U.C. Rusal, En+ Group, and JSC EuroSibEnergo, bringing to a close the restrictions that crippled the firms since their imposition last April. In a release issued late Sunday, the U.S. Department of the Treasury’s Office […]

Fastmarkets MB Index To Be Used In New LME Alumina Contract

The new London Metal Exchange alumina contract will be settled in part by using data from the Fastmarkets MB index, with shared weight given to the CRU’s Alumina price index. Per Fastmarkets, the daily FOB Australia alumina index is a suitable choice for the exchange, having moved from a weekly to a daily basis just […]