london metal exchange

Aluminium’s 10% Leap at LME Likely to Continue: ICRA

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 a result of the increasingly divergent levels of supply and demand in the sector, arising in large part thanks to capacity cuts...


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 […]

Rusal Asks Japanese Buyers for Continuation of Q2 Aluminium Premium

According to Japanese aluminium buyers who spoke to industry media on Friday, UC Rusal requested of them a rollover of prices offered in the current quarter into this year’s Q3. S&P Global Platts said in an article yesterday that several Japanese buyers received an email from late Thursday requesting the move, retaining the current terms […]

Rise in Aluminium Prices Could Prompt Increases in Exports from China

Analysts watching the People’s Republic of China’s aluminium sector predict the summer will see a marked increase in exports from the country, with shipments of semi-formed aluminium to lead the charge. According to experts, the improved manufacturing environment, coupled with the steady drop in aluminium stockpiles around the world, will increase demand. However, many of […]