london metal exchange

Rusal Closes Out 2017 With Strong Q4 Thanks to Value-Added Products and Third-Party Sales

Rusal Closes Out 2017 With Strong Q4 Thanks to Value-Added Products and Third-Party Sales

Russian Federation aluminium giant U.C. Rusal released results for the final quarter of 2017 yesterday, showing solid improvements across the majority of its operations in the period. The fourth quarter saw Rusal churn out 944 thousand metric tons of primary aluminium, a...

Events

Chinese Aluminium Cuts Buoy Prices at LME

Ripples from capacity cuts in the People’s Republic of China washed over the London Metal Exchange yesterday, raising prices to their highest point in over a month. At the markets’ close, benchmark aluminium ended at US$1,944 per metric ton, an 0.8 percent gain over the previous day and the highest the metal has closed since […]

Enforcement Against Illegal Aluminium Smelters Planned for This Week in Xinjiang

Aluminium prices in the People’s Republic of China are up thanks to indications from the Xinjiang Uyghur Autonomous Region that a long-promised crackdown on illegal smelting capacity is underway. According to a document obtained by Bloomberg, local governments will begin checks this week on smelters built since the spring of 2013 that are in violation […]

Former LME Chief Debuts New Non-Ferrous Metals Trading Platform

The world’s oldest and biggest metals exchange faces new competition early next year when a trading platform begun by its former head begins trading in the first quarter. The new platform, christened Non-Ferrous Exchange Markets (NFEx), will be piloted by a five-member board led by LME alumnus Martin Abbott and will operate on architecture designed […]

Rusal Asks Japanese Buyers for Continuation of Q2 Aluminium Premium

According to Japanese aluminium buyers who spoke to industry media on Friday, UC Rusal requested of them a rollover of prices offered in the current quarter into this year’s Q3. S&P Global Platts said in an article yesterday that several Japanese buyers received an email from late Thursday requesting the move, retaining the current terms […]