Citibank Deposits Large Load Of Aluminium In LME Warehouses This Month: Sources
Most of the aluminium that hit London Metal Exchange (LME) warehouses this month came from Citibank according to sources claiming...
Several aluminium smelters in Guangdong, China are closing down earlier than usual for the Spring Festival holiday this year, while others are revising output goals downward for the current year, as domestic demand for aluminium in recent weeks has been weaker than...
Most of the aluminium that hit London Metal Exchange (LME) warehouses this month came from Citibank according to sources claiming...
Sources claiming knowledge of the situation say Glencore plc will buy aluminium for embattled Russian aluminium firm UC Rusal according...
News agency Reuters reported on Tuesday that Glencore plc has delivered significant amounts of aluminium from Russia to warehouses in...
There is no evidence that Russian Federation aluminium titan UC Rusal has been unloading primary aluminium into London Metal Exchange warehouses on a long-term basis. Such was the message relayed by the LME last week in the wake of news reports that Rusal intends to do just that in the near future. Commenting to Reuters […]
European value-added aluminium firm Constellium NV currently has no plans to stop purchasing primary aluminium from UC Rusal despite the near-global condemnation of Russian products due to the country’s invasion of Ukraine in February. Such was the story conveyed to Reuters late last week by a company executive. The unidentified executive told Reuters that aluminium […]
Atlanta’s rolled aluminium firm Novelis Inc. said this week that it will not be buying metal from aluminium suppliers located in the Russian Federation next year. According to financial media reporting, Novelis’s embargo of Russian aluminium includes UC Rusal, the globe’s third-largest supplier of the metal. Rusal produced 3.8 million metric tons of aluminium last […]
Slovenian aluminium smelter Talum said this week that it has cut production down by 80 percent of its nameplate capacity due to steep power costs. According to a report by Reuters, the 84 thousand metric tons per annum aluminium smelter has been operating at half production for some time. A spokesperson from the aluminium smelter […]
Data from the People’s Republic of China shows that the country’s output of aluminium is poised to continue at a high level despite the continuing decline in prices of the commodity. According to state-run metals research organization Antaike, the Middle Kingdom’s aluminium producers will finish the third quarter with production of 10.42 million metric tons, […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...