Rusal Closes Out 2017 With Strong Q4 Thanks to Value-Added Products and Third-Party Sales
Russian Federation aluminium giant U.C. Rusal released results for the final quarter of 2017 yesterday, showing solid improvements across the...
london metal exchange
Aluminium Rides Crest of Industrial Metals Wave to New High
A weaker dollar helped propel aluminium to peak above its 50-day and 100-day moving averages on Wednesday, gaining 1.8 percent and closing the day at US$2,177.50 per metric ton. Softness in the greenback motivated increased investments in metals across the board, as...
Aluminium’s 10% Leap at LME Likely to Continue: ICRA
Analysts at India’s independent credit rating agency ICRA Limited say the 10-percent rise in aluminium prices at the LME are...
Will the 140-year old London Metal Exchange survive the 21st century?
There is no question that the London Metal Exchange (LME) is the biggest metals exchange on Earth. However, questions have...
Events
LME Mulling Rent Reduction for Stored Aluminium
In a bid intended to lure back ever-shrinking inventories of metals including aluminium, the London Metal Exchange is attempting to renegotiate rental rates with its network of metal warehouses. “The LME has initiated a discussion with the warehouse community to find a solution to collectively cut the relatively high headline rents which can keep metal […]
Chinese Aluminium Cuts Buoy Prices at LME
Ripples from capacity cuts in the People’s Republic of China washed over the London Metal Exchange yesterday, raising prices to their highest point in over a month. At the markets’ close, benchmark aluminium ended at US$1,944 per metric ton, an 0.8 percent gain over the previous day and the highest the metal has closed since […]
Enforcement Against Illegal Aluminium Smelters Planned for This Week in Xinjiang
Aluminium prices in the People’s Republic of China are up thanks to indications from the Xinjiang Uyghur Autonomous Region that a long-promised crackdown on illegal smelting capacity is underway. According to a document obtained by Bloomberg, local governments will begin checks this week on smelters built since the spring of 2013 that are in violation […]
Former LME Chief Debuts New Non-Ferrous Metals Trading Platform
The world’s oldest and biggest metals exchange faces new competition early next year when a trading platform begun by its former head begins trading in the first quarter. The new platform, christened Non-Ferrous Exchange Markets (NFEx), will be piloted by a five-member board led by LME alumnus Martin Abbott and will operate on architecture designed […]
First Third-Quarter Aluminium Buy in Japan Set At US$119/MT Plus LME Cash CIF Japan
According to a report from Japan, buyers there settled on next quarter’s premium for imported aluminium. An unnamed buyer and an unnamed seller settled on a third-quarter price of $119 per metric ton plus LME cash CIF (cost, insurance, and freight) Japan on Monday. The deal involved shipping over 500 metric tons per month of […]
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 ...
