london metal exchange

London Metal Exchange To Double Default Fund In Anticipation Of Spike In Price Of Aluminium And Other Metals

London Metal Exchange To Double Default Fund In Anticipation Of Spike In Price Of Aluminium And Other Metals

The world’s largest standardized forward contracts market will be increasing its clearinghouse default fund to twice its current amount next month, evidently as a move to mitigate the risk of member default should the metals market see another steep rise in prices...

Events

Hindalco To Increase Exports Of Aluminium To Offset Drop In Domestic Demand

Indian aluminium smelter Hindalco said last week it plans to increase overseas sales of its output in the coming year to almost two-thirds, raising it from last year’s half-and-half split between domestic and foreign sales. According to statements made by managing director Satish Pai, the move is the result of a significant downturn in domestic […]

LME To Debut Trading Platform For Low-Carbon Aluminium In Coming Months

The London Metal Exchange announced late last week its plans to establishing a trading platform that will offer low-carbon aluminium warrants to traders seeking a source of primary aluminium derived principally from hydroelectricity or other renewable resources. “Our plans include…working with the market to investigate a standalone spot trading platform for the exchange of aluminium […]

Experts See Arbitrage Window Widening In Post-Coronavirus China

Traders in and analysts of the People’s Republic of China’s aluminium trade expressed high hopes for a strong recovery last week, noting a possible arbritrage opportunity may be in the works. According to unnamed individuals who spoke with Reuters this week, market players expect the demand recovery to follow the coronavirus outbreak is likely to […]