LME Announces New Closing Price Methodology for Metal Contracts, Including Aluminium
The London Metal Exchange (LME) revealed on Thursday its plan to adapt its closing price methodology for some of its...
The London Metal Exchange (LME) revealed on Thursday its plan to adapt its closing price methodology for some of its...
The war of words over Russian aluminium at London Metal Exchange warehouses continued on Friday, as another trade industry group...
Norsk Hydro ASA appealed to the London Metal Exchange last week to reverse its decision not to ban Russian-source aluminium,...
A Japanese buyer has taken the plunge into third quarter pricing this week, agreeing to pay a global premium of US$127.50 per metric ton above benchmark for shipments through September. An unnamed source involved in the negotiations said on Tuesday that the agreement had been made, which was below the US$165 to US$180 offers made […]
Stocks of Indian and Chinese aluminium in London Metal Exchange warehouses plummeted in June due to a rush by traders and consumers to fill the void left by Russian aluminium. The fall off in Russian aluminium stocks in LME warehouses has been profound. In January, Indian-originated aluminium constituted over half of LME aluminium stocks. In […]
On Wednesday, the London Metal Exchange announced that it will be reducing the daily price limits on outright contracts for aluminium and copper from 15 percent to 12 percent beginning on July 24. Aluminium and copper are the LME’s most liquid metals, just ahead of nickel. The Exchange experienced a wide swing in March of […]
This week the London Metal Exchange (LME) extended the deadline for mandatory digital registration for quality assurance documents. LME will begin to require Certificates of Analysis (COA) in order to provide transparency regarding the size, shape, purity, and characteristics of a metal unit. The COA is mandatory for almost all physically settled contracts that pass […]
In a move that stunned the aluminium world, Glencore plc announced that it is not renewing its US$16 billion contract with Russian aluminium titan UC Rusal. In an interview with Bloomberg, Glencore’s CEO Gary Nagle said it will complete the contract it has with Rusal, but, under its new policy of shunning business from Russia, […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...