LME To Trade Rusal Aluminium Upon Lifting Of OFAC Sanctions
Another hopeful sign emerged last week for troubled Russian Federation aluminium giant U.C. Rusal when the London Metal Exchange confirmed...
london metal exchange
New LME Alumina Contract To Utilize CRU Alumina Price Index
London commodities consultant CRU Group said yesterday that the London Metal Exchange will soon be using the firm’s CRU Alumina Price Index (CRU-API) in the settlement of the LME’s new cash-settled Alumina futures contract. The new futures contract is set to commence...
Japanese Aluminium Premiums To Hit US$130 In Latter Half Of 2019: Marubeni
Though Rusal is likely to make a strong return to the aluminium market next year, premiums in Japan are expected...
More Ex-China Aluminium Capacity Needed To Meet Rising Demand: Rio Tinto’s Barrios
Forecasters at Anglo-Australian mining titan Rio Tinto Group see ex-China inventory receding over then next few years as demand continues...
Events
U.S.-China Trade Tensions Sink Aluminium Prices To 14-Month Nadir
Aluminium prices sunk to a new low on the year earlier this week due to market concerns that increased tensions between Washington, D.C. and Beijing are likely to set off a devastating trade war. According to market experts, comments by United States President Donald Trump referencing a raft of new tariffs waiting in the wings […]
Mysterious Trading in Shanghai Sends Aluminium Futures In London To Three-Month High
Aluminium market watchers were baffled on Wednesday after an unknown buyer made a large number of trades on the Shanghai Futures Exchange, setting off an immediate rally at the London Metal Exchange. According to reporting by Bloomberg, 68,430 contracts for October delivery were traded on the Exchange on Wednesday evening (Shanghai) over the course of […]
Glencore and Rusal Ask LME to Lift Suspension on Trading of Rusal’s Aluminium
Citing the Trump administration’s extension for complying with the sanctions it placed upon U.C. Rusal, Anglo-Swiss mining and trading firm Glencore plc has joined with the Russian miner in petitioning the London Metal Exchange to temporarily lift the suspension on Rusal’s aluminium. Sources revealed to Reuters on Friday that the request had been made, but […]
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 Customs, 451 thousand metric tons of raw aluminium and aluminium products departed Chinese […]
Trump’s Tariff Announcment Sends Aluminium Premiums in the U.S. Skyward to 3-Year Highs
Planning on overseas supplies of aluminium to become scarce as President Donald Trump’s ten-percent tariffs go into effect, U.S. buyers of the metal have driven premiums to three-year highs. On Friday the cost of immediate delivery of aluminium from warehouse stores rose 11.8 percent on the CME exchange, setting the Midwest Aluminum Premium futures contract […]
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 ...
