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...
london metal exchange
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...
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...
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...
Events
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 […]
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 […]
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 ...
