london metal exchange

U.S. Tariffs Notwithstanding, China’s Aluminium Exports Rose By 0.2% in April

U.S. Tariffs Notwithstanding, China’s Aluminium Exports Rose By 0.2% in April

Despite the blanket tariffs on aluminium imports imposed by the Trump administration, exports of the metal from the People’s Republic of China in April were slightly above the amount shipped in March. According to numbers lately released by China’s General Administration of...

Events

Aluminium’s 10% Leap at LME Likely to Continue: ICRA

Analysts at India’s independent credit rating agency ICRA Limited say the 10-percent rise in aluminium prices at the LME are a result of the increasingly divergent levels of supply and demand in the sector, arising in large part thanks to capacity cuts at smelters in the People’s Republic of China. A recently-published note on the […]

LME Mulling Rent Reduction for Stored Aluminium

In a bid intended to lure back ever-shrinking inventories of metals including aluminium, the London Metal Exchange is attempting to renegotiate rental rates with its network of metal warehouses. “The LME has initiated a discussion with the warehouse community to find a solution to collectively cut the relatively high headline rents which can keep metal […]

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 […]