lme

Sources Say Glencore Delivered 40 Thousand Metric Tons Of Russian Aluminium to LME Warehouses In South Korea

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...

Events

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 […]