Alcoa Agrees With Rusal’s Call For LME To Disclose Aluminium Stocks Origin
Pittsburgh aluminium pioneer Alcoa Corporation came out in favor of UC Rusal’s suggestion last week for the London Metal Exchange...
lme
Sources Say Glencore Delivered 40 Thousand Metric Tons Of Russian Aluminium to LME Warehouses In South Korea
Individuals claiming knowledge of the situation told Reuters this week that Glencore has sent 40 thousand metric tons of aluminium from Russia to London Metal Exchange warehouses in the Republic of Korea. Two sources who spoke to the wire service on condition...
Rusal Calls On LME To Report Origin Of All Aluminium In Its Warehouses
Russian aluminium giant UC Rusal has called upon the London Metal Exchange to disclose the origin of the entirety of...
LME Will Not Ban Russian Aluminium
The London Metal Exchange said last week that it does not plan to ban Russian aluminium from its warehouses due...
Events
Alcoa And Rusal Engage In War Of Words Over Alleged Deposits Of Russian Aluminium In LME Warehouses
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 […]
Citibank Deposits Large Load Of Aluminium In LME Warehouses This Month: Sources
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 […]
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 the situation told Reuters this week that the shipments of Rusal’s aluminium arrived […]
Japan Aluminium Premiums Drop By 33 Percent In Fourth Quarter
Fourth quarter aluminium prices in Japan took a tumble this week, as buyers are reporting a steep drop in premiums asked for and received in recent days. According to unidentified sources who spoke to Reuters this week, Japanese aluminium buyers have struck deals with at least two major producers to take delivery of primary aluminium […]
Rusal Denies Plans To Ship Aluminium Directly To LME Warehouses In Asia
Russian aluminium giant UC Rusal denied reports last week that it plans to offload its wares into London Metal Exchange warehouses in the Far East. Last week reports emerged from unidentified sources claiming knowledge that Rusal is mulling such an act in order to find new buyers for its primary aluminium. Though not targeted for […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
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 ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
