london metal exchange

Over One-Third Of LME’s Aluminium Stored In ISTIM’s Warehouses In Malaysia

Over One-Third Of LME’s Aluminium Stored In ISTIM’s Warehouses In Malaysia

According to data released by the London Metal Exchange earlier this week, the Malaysian warehouse facilities owned by ISTIM UK house over one third of its total aluminium stock as of the end of last month. Per LME’s numbers, ISTIM’s warehouses in...

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 […]