July 1 – Results of Warehouse Discussion Paper and Next steps for consultation on warehouse operation, London Metal Exchange July 1 – “Glut of Chinese Goods Pinches Global Economy,” The Wall Street Journal July 7 – “Aluminum Bear Market Piles Pressure on World’s Biggest Smelters,” Bloomberg Business China, which accounts for half of the world’s […]
June 8 – “London Metal Exchange to Launch New Range of Aluminum Contracts: Only warehouses without any queues will be eligible to issue premium contracts,” The Wall Street Journal “The London Metal Exchange on Monday said it is launching a new range of aluminum contracts to allow users to protect themselves against rising regional charges […]
February 25 – “The Aluminium Market Analysis, Financials and Forecasting 2015-2025,” Vision Gain The economic crisis of 2008 caused a sharp decline in the demand for aluminium worldwide. As a result of the lower demand, the market became oversupplied, which pushed the prices down. Excessive warehousing of aluminium is a result of this oversupply, with […]
January 1 – “LME to raise rental charges to offset the fast load-out rates,” Al Circle January 7 – “LME warehouses divided on new rules,” American Metal Market January 7 – “COLUMN-New year, same old warehouse problems for London Metal Exchange,” by Andy Home, Reuters The core underlying problem remains the yawning gulf between the […]
This roundup covers the time period of December 10 through January 6. December 10 – “Aluminum Leaving LME Seen by Jefferies Increasing Volatility,” Bloomburg December 15 – “COLUMN-Glencore’s Pacorini entrenches LME warehousing position,” By Andy Home, Reuters All good news, it appears, for the LME, which has been lambasted by industrial users for its dysfunctional […]
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This roundup covers the time period of October 18 through December 10. October 23 – “Natixis predicts a positive future for aluminium,” Al Circle Nic Brown, the head of commodities research at Natixis announced at the LME Metals Seminar in London that aluminium prices will average above $2000 per tonne in 2015. October 27 – […]
September 17 – “Record high aluminium premiums lift 2015 cost outlook,” Shanghai Metal Market September 19 – “LME Inventory: Aluminium falls the most by 11950 tons,” Commodity Online September 23 – “LME to forge ahead on warehouse rules,” American Metal Market The London Metal Exchange is committed to new warehouse regulations, no matter what the […]
July 30 – “LME And Rusal Back In U.K. Court Over Warehousing Rules,” The Wall Street Journal The London Metal Exchange went back to court in the U.K. as it tries to change the way metals are delivered around the world, in an attempt to reduce controversial delays. The LME had been blocked by UC […]
