london metal exchange

Japan Aluminium Premiums Drop By 33 Percent In Fourth Quarter

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...

Events

ED&F Man Exits LME Ring As Buyout Talks With Marex Continue

According to sources claiming knowledge of the situation, ED&F Man Capital Markets will soon make its exit as a ring dealing member of the London Metal Exchange in anticipation of a takeover of the firm by Marex. On Friday, a source told Reuters that most of ED&F Man Group’s financial services floor team resigned in […]

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 (OTC) trades of aluminium and other metals by seven weeks in order that data on those trades is reported correctly. The LME made the announcement on Friday regarding the controversial move, which it will delay […]

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 on 20 June, citing a change in trading strategy. The Britannia Financial Group subsidiary trades primarily in nickel, which doubled to $100,000 per metric ton in only a few hours last week. The drastic move […]