Britannia Global Markets To Exit London Metal Exchange
The London Metal Exchange is losing a Category 2 member in a week, as Britannia Global Markets plans to exit...
london metal exchange
London Metal Exchange Mandates Reporting Of Over The Counter Trades To Prevent Price Spikes
In an effort at combating the unexpected spike in nickel prices earlier this year, the London Metal Exchange said yesterday it will require its members to report over the counter (OTC) trades going forward. In a statement released Friday, the LME said...
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...
LME To Return To Ring Trading Next Month, But With Changes
The majority of London Metal Exchange (LME) members expect to go back to the trading floor upon reopening next month,...
Events
Shanghai Aluminium Recedes From Nine-Year High Thanks To Hopes For US Stimulus, COVID-19 Vaccine
Aluminium prices in Shanghai receded from a nine-year high yesterday, propelled to highs thanks to a surge in demand, news of a stimulus package in the United States, and rumors of a vaccine for COVID-19 on the way. On Thursday, January aluminium contracts fell by 3.9 percent from a multi-year high of CNY16,925 per metric […]
Norsk Hydro And Hindalco Less Than Pleased Over LME’s Proposed Low-Carbon Aluminium Trading Platform
A few of the world’s major aluminium producers are less than pleased with the London Metal Exchange with its move to provide a new trading platform for green aluminium. Such was the report after they recently went on record with financial media admitting to opposing the LME’s plans. In an article in Financial Times, executives […]
GFG Group Plans To Boost Aluminium Production To 1 Million MTPA Via Acquisitions: Sanjeev Gupta
Sanjeev Gupta told an industry gathering on Monday that his GFG Group expects to top 1 million metric tons per annum of aluminum-smelting capacity within the next two years by way of acquisitions. Speaking at the London Metal Exchange (LME) Seminar, Gupta relayed to virtual attendees that this total would be a significant rise above […]
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 […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
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 ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
