london metal exchange

Alcoa And Rusal Engage In War Of Words Over Alleged Deposits Of Russian Aluminium In LME Warehouses

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...


LME Sees No Evidence Of Large Aluminium Shipments From UC Rusal

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 […]

Rusal Mulling Sale Of Primary Aluminium Directly To London Metal Exchange: Sources

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 […]

Aluminium Stewardship Initiative Standard Conditionally Approved By London Metal Exchange

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 […]

ED&F Man Exits LME Ring As Buyout Talks With Marex Continue

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 […]

LME To Delay Over The Counter Trade Reporting Requirements Until September 5

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 […]