london metal exchange

CRU Alumina Price Index Passes Benchmark Assurance Review

CRU Alumina Price Index Passes Benchmark Assurance Review

London commodities consultant CRU Group announced last week that the CRU Alumina Price Index (CRU-API) successfully completed an external assurance review in preparation for today’s launch of LME’s new cash-settled alumina futures contract. The review, which was undertaken by PricewaterhouseCoopers LLP (PwC),...

Events

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 […]

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 President Donald Trump referencing a raft of new tariffs waiting in the wings […]

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 Futures Exchange, setting off an immediate rally at the London Metal Exchange. According to reporting by Bloomberg, 68,430 contracts for October delivery were traded on the Exchange on Wednesday evening (Shanghai) over the course of […]