Japan’s First Second Quarter Aluminium Premiums Deal Lower By 22 Percent From 2019
Japan saw the first significant aluminium delivery deal for the second quarter of this year settle at US$82 per metric...
london metal exchange
Experts See Arbitrage Window Widening In Post-Coronavirus China
Traders in and analysts of the People’s Republic of China’s aluminium trade expressed high hopes for a strong recovery last week, noting a possible arbritrage opportunity may be in the works. According to unnamed individuals who spoke with Reuters this week, market...
Prices For Second Quarter Aluminium Deliveries Rise In Japan As Coronavirus Depresses Demand
Prices for aluminium in Japan have jumped by over one fourth over last quarter’s asking price, but buyers have shown...
Over One-Third Of LME’s Aluminium Stored In ISTIM’s Warehouses In Malaysia
According to data released by the London Metal Exchange earlier this week, the Malaysian warehouse facilities owned by ISTIM UK...
Events
India’s Output Growth To Slow Thanks To Soft LME Prices And Maxed-Out Capacity
India’s aluminium production in the coming fiscal year is expected to taper off compared to previous years thanks in part to a weak market for the metal at the London Metal Exchange (LME) in recent months. Such was the conclusion drawn by India’s ratings firm CARE Rating Limited and spelled out in a report released […]
May’s Rise In Aluminium Exports From China Boosted Prices Above Multi-Year Low
Data released by the government of the People’s Republic of China yesterday showed a surge in exports last month, leading to concerns of oversupply among market participants as well as a rebound from multi-year low prices. Numbers released by Beijing showed a month-on-month rise in exports last month of 7.6 percent to 536 thousand metric […]
CRU Alumina Price Index Passes Benchmark Assurance Review
London commodities consultant CRU Group announced last week that the CRU Alumina Price Index (CRU-API) successfully completed an external assurance review in preparation for today’s launch of LME’s new cash-settled alumina futures contract. The review, which was undertaken by PricewaterhouseCoopers LLP (PwC), was part of a report prepared by the Group to demonstrate the index’s […]
Glencore Buys 200 Thousand Tons Of Aluminium From ISTIM’s Port Klang Warehouse: Reuters
According to a quintet of sources who spoke to Reuters earlier this week, Anglo–Swiss mining firm Glencore plc has purchased 200 thousand metric tons of aluminium on the London Metal Exchange for delivery at Malaysian warehouses owned by ISTIM UK. Though Glencore ultimately needs the aluminium supply for delivery to an end user, the sources […]
U.S. Government Rescinds Sanctions On U.C. Rusal, En+ Group, And JSC EuroSibEnergo
The first business day back at work for the United States federal government saw the long-awaited lifting of sanctions from U.C. Rusal, En+ Group, and JSC EuroSibEnergo, bringing to a close the restrictions that crippled the firms since their imposition last April. In a release issued late Sunday, the U.S. Department of the Treasury’s Office […]
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 ...
