london metal exchange

Glencore Limited Purchases from Rusal, Records Show

Glencore Limited Purchases from Rusal, Records Show

Commodities conglomerate Glencore purchased only a fraction of the 6.9 million metric tons of aluminium available under its contract with Russian giant Rusal from 2020-2022, regulatory records reveal. The deal, poised for a possible extension to 2025, has recently come under the...


LME To Drop Daily Price Limits On Aluminium And Copper Contracts To 12 Percent

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 […]

LME Pushes Back Deadline For New Electronic Certificates Of Analysis

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 […]

Glencore Declining To Renew US$16 Billion Contract With Rusal

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, […]