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...
lme
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....
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...
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...
Events
London Metal Exchange To Double Default Fund In Anticipation Of Spike In Price Of Aluminium And Other Metals
The world’s largest standardized forward contracts market will be increasing its clearinghouse default fund to twice its current amount next month, evidently as a move to mitigate the risk of member default should the metals market see another steep rise in prices this year. The London Metal Exchange is increasing its cover by about $1 […]
Rusal Among First To Contribute Aluminium Sustainability Data To LMEpassport
Russian aluminium titan UC Rusal released sustainability data this week into the London Metal Exchange’s new low-carbon platform LMEpassport, making Rusal among the first firms to do so. Rusal said it first beta-tested the LMEpassport system by entering information from the Boguchansky aluminium smelter in Krasnoyarsk. The firm says it will continue to work on […]
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 market to investigate a standalone spot trading platform for the exchange of aluminium […]
Over One-Third Of LME’s Aluminium Stored In ISTIM’s Warehouses In Malaysia
According to data released by the London Metal Exchange earlier this week, the Malaysian warehouse facilities owned by ISTIM UK house over one third of its total aluminium stock as of the end of last month. Per LME’s numbers, ISTIM’s warehouses in Johor and Port Klang held a combined total of 476,846 metric tons by […]
May’s Rise In Aluminium Exports From China Boosted Prices Above Multi-Year Low
Data released by the government of the People’s Republic of China yesterday showed a surge in exports last month, leading to concerns of oversupply among market participants as well as a rebound from multi-year low prices. Numbers released by Beijing showed a month-on-month rise in exports last month of 7.6 percent to 536 thousand metric […]
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 ...
