Glencore Ships Russian Aluminium To LME Warehouses: Reuters

Glencore Ships Russian Aluminium To LME Warehouses: Reuters

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...


Rusal Mulling Sale Of Primary Aluminium Directly To London Metal Exchange: Sources

According to industry media, Russian Federation aluminium giant UC Rusal is weighing plans to sell primary aluminium directly to the London Metal Exchange, as the firm continues to have difficulties in identifying purchasers. Although Rusal is not directly under sanction itself, the company has faced harsh blowback from European and American buyers as many have […]

Aluminium Stewardship Initiative Standard Conditionally Approved By London Metal Exchange

The Aluminium Stewardship Initiative (ASI) announced this week the conditional approval of its Performance Standard V3 (2022) as a recognized alignment-assessed standard by the London Metal Exchange (LME). The approval puts the ASI’s standard on Track A of its Responsible Sourcing Requirements. The ASI said that an independent standard alignment assessment confirmed the third version […]

LME To Delay Over The Counter Trade Reporting Requirements Until September 5

The London Metal Exchange said last week it will be delaying its requirement that its members report over the counter (OTC) trades of aluminium and other metals by seven weeks in order that data on those trades is reported correctly. The LME made the announcement on Friday regarding the controversial move, which it will delay […]

Britannia Global Markets To Exit London Metal Exchange

The London Metal Exchange is losing a Category 2 member in a week, as Britannia Global Markets plans to exit on 20 June, citing a change in trading strategy. The Britannia Financial Group subsidiary trades primarily in nickel, which doubled to $100,000 per metric ton in only a few hours last week. The drastic move […]