lme

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

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...

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 […]

New LME Alumina Contract To Utilize CRU Alumina Price Index

London commodities consultant CRU Group said yesterday that the London Metal Exchange will soon be using the firm’s CRU Alumina Price Index (CRU-API) in the settlement of the LME’s new cash-settled Alumina futures contract. The new futures contract is set to commence trading on March 11 and will use the CRU-API to settle physical contracts […]

LME To Trade Rusal Aluminium Upon Lifting Of OFAC Sanctions

Another hopeful sign emerged last week for troubled Russian Federation aluminium giant U.C. Rusal when the London Metal Exchange confirmed that it would begin again accepting the firm’s aluminium when United States government sanctions are lifted. Per Reuters, the Exchange discussed resuming the trading of Rusal aluminium upon the revocation of sanctions, and no objections […]

U.S.-China Trade Tensions Sink Aluminium Prices To 14-Month Nadir

Aluminium prices sunk to a new low on the year earlier this week due to market concerns that increased tensions between Washington, D.C. and Beijing are likely to set off a devastating trade war. According to market experts, comments by United States President Donald Trump referencing a raft of new tariffs waiting in the wings […]

Mysterious Trading in Shanghai Sends Aluminium Futures In London To Three-Month High

Aluminium market watchers were baffled on Wednesday after an unknown buyer made a large number of trades on the Shanghai Futures Exchange, setting off an immediate rally at the London Metal Exchange. According to reporting by Bloomberg, 68,430 contracts for October delivery were traded on the Exchange on Wednesday evening (Shanghai) over the course of […]