LME Bans Russian Aluminium In US Warehouses
Earlier this week the London Metal Exchange (LME) made the decision to ban Russian aluminium from its warehouses in the...
london metal exchange
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...
LME Stores Of Russian Aluminium Hit 42 Percent In January
The London Metal Exchange this week confirmed that its holdings of Russian aluminium rose as expected in January to a...
Sources Say Glencore Delivered 40 Thousand Metric Tons Of Russian Aluminium to LME Warehouses In South Korea
Individuals claiming knowledge of the situation told Reuters this week that Glencore has sent 40 thousand metric tons of aluminium...
Events
Rusal Seeks To Grow Low-Carbon Aluminium Sales To China
Russian Federation aluminium giant UC Rusal is mulling increasing its presence in the People’s Republic of China’s low-carbon aluminium market, drawn by increased demand for it in the electric vehicles sector and a friendlier business climate. On Friday, Huang Wenqian, vice president at Rusal Shanghai Economic and Trade Company Limited, was confident that Rusal would […]
Alcoa Agrees With Rusal’s Call For LME To Disclose Aluminium Stocks Origin
Pittsburgh aluminium pioneer Alcoa Corporation came out in favor of UC Rusal’s suggestion last week for the London Metal Exchange to publish the origin of all its aluminium and other metal stock in their warehouses around the world. The LME has faced calls for months by Alcoa and others to prohibit the sale of Russian […]
Rusal Calls On LME To Report Origin Of All Aluminium In Its Warehouses
Russian aluminium giant UC Rusal has called upon the London Metal Exchange to disclose the origin of the entirety of its aluminium reserves, not just those from Russia. Rusal spoke out in response to the LME’s discussion over identifying Russian aluminium’s origin in its system. Several aluminium producers have called for the complete ban on […]
LME Will Not Ban Russian Aluminium
The London Metal Exchange said last week that it does not plan to ban Russian aluminium from its warehouses due to the fact that a large number of buyers on the platform will continue to buy it next year. Although Russia itself has been sanctioned by several governments in the wake of its invasion of […]
Alcoa And Rusal Engage In War Of Words Over Alleged Deposits Of Russian Aluminium In LME Warehouses
Embattled Russian aluminium titan UC Rusal fired back at critics late last week, denying allegations by Alcoa and others that it has been shipping thousands of metric tons of its primary aluminium to London Metal Exchange (LME) warehouses in recent weeks. Alluding to a statement made by Alcoa and reported earlier in the day by […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
