Citibank Deposits Large Load Of Aluminium In LME Warehouses This Month: Sources
Most of the aluminium that hit London Metal Exchange (LME) warehouses this month came from Citibank according to sources claiming...
Most of the aluminium that hit London Metal Exchange (LME) warehouses this month came from Citibank according to sources claiming...
News agency Reuters reported on Tuesday that Glencore plc has delivered significant amounts of aluminium from Russia to warehouses in...
Fourth quarter aluminium prices in Japan took a tumble this week, as buyers are reporting a steep drop in premiums...
There is no evidence that Russian Federation aluminium titan UC Rusal has been unloading primary aluminium into London Metal Exchange warehouses on a long-term basis. Such was the message relayed by the LME last week in the wake of news reports that Rusal intends to do just that in the near future. Commenting to Reuters […]
According to industry media, Russian Federation aluminium giant UC Rusal is weighing plans to sell primary aluminium directly to the London Metal Exchange, as the firm continues to have difficulties in identifying purchasers. Although Rusal is not directly under sanction itself, the company has faced harsh blowback from European and American buyers as many have […]
The Aluminium Stewardship Initiative (ASI) announced this week the conditional approval of its Performance Standard V3 (2022) as a recognized alignment-assessed standard by the London Metal Exchange (LME). The approval puts the ASI’s standard on Track A of its Responsible Sourcing Requirements. The ASI said that an independent standard alignment assessment confirmed the third version […]
According to sources claiming knowledge of the situation, ED&F Man Capital Markets will soon make its exit as a ring dealing member of the London Metal Exchange in anticipation of a takeover of the firm by Marex. On Friday, a source told Reuters that most of ED&F Man Group’s financial services floor team resigned in […]
The London Metal Exchange said last week it will be delaying its requirement that its members report over the counter (OTC) trades of aluminium and other metals by seven weeks in order that data on those trades is reported correctly. The LME made the announcement on Friday regarding the controversial move, which it will delay […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...