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...
lme
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 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...
LME Sees No Evidence Of Large Aluminium Shipments From UC Rusal
There is no evidence that Russian Federation aluminium titan UC Rusal has been unloading primary aluminium into London Metal Exchange...
Events
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 […]
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 the move will foster more transparency in the process. “This […] will improve […]
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 […]
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 ...
