london metal exchange

India’s Output Growth To Slow Thanks To Soft LME Prices And Maxed-Out Capacity

India’s Output Growth To Slow Thanks To Soft LME Prices And Maxed-Out Capacity

India’s aluminium production in the coming fiscal year is expected to taper off compared to previous years thanks in part to a weak market for the metal at the London Metal Exchange (LME) in recent months. Such was the conclusion drawn by...

Events

U.S. Government Rescinds Sanctions On U.C. Rusal, En+ Group, And JSC EuroSibEnergo

The first business day back at work for the United States federal government saw the long-awaited lifting of sanctions from U.C. Rusal, En+ Group, and JSC EuroSibEnergo, bringing to a close the restrictions that crippled the firms since their imposition last April. In a release issued late Sunday, the U.S. Department of the Treasury’s Office […]

New LME Alumina Contract To Utilize CRU Alumina Price Index

London commodities consultant CRU Group said yesterday that the London Metal Exchange will soon be using the firm’s CRU Alumina Price Index (CRU-API) in the settlement of the LME’s new cash-settled Alumina futures contract. The new futures contract is set to commence trading on March 11 and will use the CRU-API to settle physical contracts […]

LME To Trade Rusal Aluminium Upon Lifting Of OFAC Sanctions

Another hopeful sign emerged last week for troubled Russian Federation aluminium giant U.C. Rusal when the London Metal Exchange confirmed that it would begin again accepting the firm’s aluminium when United States government sanctions are lifted. Per Reuters, the Exchange discussed resuming the trading of Rusal aluminium upon the revocation of sanctions, and no objections […]

Japanese Aluminium Premiums To Hit US$130 In Latter Half Of 2019: Marubeni

Though Rusal is likely to make a strong return to the aluminium market next year, premiums in Japan are expected to rise to between US$100 to US$130 per ton late next year due to an expectation of weak global supplies of the metal. On news of Rusal’s pending release from United States government sanctions, prices […]

More Ex-China Aluminium Capacity Needed To Meet Rising Demand: Rio Tinto’s Barrios

Forecasters at Anglo-Australian mining titan Rio Tinto Group see ex-China inventory receding over then next few years as demand continues to spike. Such was the message conveyed by Alf Barrios, Rio’s aluminum chief executive officer, in a recent interview with financial media. Per Barrios, ex-China producers must soon begin building aluminium-smelting capacity to keep pace […]