london metal exchange

Rusal Asks Japanese Buyers for Continuation of Q2 Aluminium Premium

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...

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Events

LME Chief Garry Jones Steps Down

LME Chief Garry Jones Steps Down

The London Metal Exchange (LME) announced yesterday that its Chief Executive has stepped down. Garry Jones, who was also the executive director of LME and LME Clear (LMEC), retired yesterday, transitioning into an advisory role for the remainder of 2017. The LME has appointed Matthew Chamberlain, lately the organization’s COO, as Interim Chief Executive. Andrew […]

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Sources: Indian Government Soon to Impose MIP on Primary Aluminium

Sources: Indian Government Soon to Impose MIP on Primary Aluminium

A minimum import price (MIP) on primary aluminium imported into India may soon be a reality according to sources within the Indian government. India’s state-run engineering consulting firm Metallurgical & Engineering Consultants (India) Limited (MECOM), who was commissioned by the Aluminium Association of India to study solutions for protecting the domestic aluminium industry, returned a […]

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India’s Engineering Consultant Recommends Minimum Import Price for Aluminium

India’s Engineering Consultant Recommends Minimum Import Price for Aluminium

A study commissioned recently by India’s aluminium industry recommended the imposition of an import duty or minimum import price (MIP) upon primary aluminium. India’s state-run engineering consulting firm Metallurgical & Engineering Consultants (India) Limited (MECOM) submitted its findings to the Aluminium Association of India earlier this week according to local media. “The association has forwarded […]

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Rusal Beats Market Expectations with Third Quarter Numbers

Rusal Beats Market Expectations with Third Quarter Numbers

Russian Federation aluminium titan UC Rusal reported third quarter numbers today. The firm boasted a significantly higher than expected twenty-two percent increase in earnings quarter-on-quarter, largely thanks to a bump in shipment and global prices and greater discipline by the company on costs. London Metal Exchange prices made a comeback during the third quarter by […]

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Aluminium Prices Break US$1,700 Barrier, Setting Fifteen-Month High

Aluminium Prices Break US$1,700 Barrier, Setting Fifteen-Month High

Aluminium prices broke through the US$1,700-per-metric-ton limit at the London Metal Exchange earlier this week. Experts chalk up the fifteen-month high to rising costs and a significant uptick in aluminium demand. Although the price has bumped up against the US$1,700 ceiling on the LME four times this year, the price finally broke through in part […]

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