london metal exchange

Indian Government Abandons Plan to Implement Tariff on Unwrought Aluminium

Indian Government Abandons Plan to Implement Tariff on Unwrought Aluminium

Due to protectionism criticisms for tariffs levied on imported steel, India has shelved a plan to impose a 5% provisional safeguard duty on unwrought aluminium. Such a tariff would affect imports from countries like United Arab Emirates, Malaysia, Russia, South Africa, Oman,...

Events

A way of optimism lifts metal prices

Base metal prices surged in February after the lowest start of the year since the global financial crisis in 2009, as a way of optimism prevailed among investors on stronger than expected U.S. economic data. Both aluminium and copper prices reached the highest levels for the previous three months, with aluminium LME cash price for […]

LME’s Aluminium Prices Hit 4-1/2-Month High

Aluminium prices rose to their highest level since mid-October on Wednesday. Experts attribute the boost to an announcement by the government of the People’s Republic of China that required reserve levels have been cut. Cuts in bank reserve levels, coupled with certain other structural reforms have boosted real estate prices as well. This cut in […]