Mysterious Trading in Shanghai Sends Aluminium Futures In London To Three-Month High
Aluminium market watchers were baffled on Wednesday after an unknown buyer made a large number of trades on the Shanghai...
lme
U.S.-China Trade Tensions Sink Aluminium Prices To 14-Month Nadir
Aluminium prices sunk to a new low on the year earlier this week due to market concerns that increased tensions between Washington, D.C. and Beijing are likely to set off a devastating trade war. According to market experts, comments by United States...
Glencore and Rusal Ask LME to Lift Suspension on Trading of Rusal’s Aluminium
Citing the Trump administration’s extension for complying with the sanctions it placed upon U.C. Rusal, Anglo-Swiss mining and trading firm...
Will the 140-year old London Metal Exchange survive the 21st century?
There is no question that the London Metal Exchange (LME) is the biggest metals exchange on Earth. However, questions have...
Events
Enforcement Against Illegal Aluminium Smelters Planned for This Week in Xinjiang
Aluminium prices in the People’s Republic of China are up thanks to indications from the Xinjiang Uyghur Autonomous Region that a long-promised crackdown on illegal smelting capacity is underway. According to a document obtained by Bloomberg, local governments will begin checks this week on smelters built since the spring of 2013 that are in violation […]
Former LME CEO Abbott Partners with Autilla to Develop New Base Metals Trading Platform
A new trading platform for base metals hopes to give the London Metal Exchange a run for its money. Autilla, Inc. has partnered with former LME chief Martin Abbot to develop the new platform in an effort at capturing trades taking place outside of the established market framework. “Autilla, with Martin Abbott acting as adviser, […]
LME Chief Garry Jones Steps Down
The London Metal Exchange (LME) announced yesterday that its Chief Executive has stepped down. Garry Jones, who was also the executive director of LME and LME Clear (LMEC), retired yesterday, transitioning into an advisory role for the remainder of 2017. The LME has appointed Matthew Chamberlain, lately the organization’s COO, as Interim Chief Executive. Andrew […]
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 ...
