August 4 – “Aluminium prices not curbing Chinese output,” The Australian Business August 19 – “Is another showdown looming on aluminium spreads?” Gulf Times August 20 – “LME plans to introduce ‘market-making’ programs,” Platts The London Metal Exchange said Thursday it plans to introduce market-making programs to support the launch of new products and enhance […]
CME Group announced that the first Aluminium European Premium Duty-Unpaid futures contracts were traded on September 22, 2015 by Crunch Risk, LLC. A total of 10 futures contracts traded at a price of $72.50 per tonne. “We’re pleased to see early support for our new Aluminium European Premium futures, which are an outgrowth of our […]
Alcoa is entering upon a multi-year transformation with the plan to separate into two independent, publicly-traded companies — an Upstream company and a Value-Added company. “Inventing and reinventing has defined our company throughout its 126-year history,” said Klaus Kleinfeld, chairman and chief executive officer, Alcoa. “In the last few years, we have successfully transformed Alcoa to […]
The Chinese Non-Ferrous Metals Industry Association (CNIA) recently called for the Chinese government to remove a long-standing 15% export tax on primary aluminum. The CNIA “appealed to all relevant national authorities to eliminate as soon as possible the provisional export tariff on aluminum to achieve integration of domestic and international aluminum markets.” The Chinese government, which […]
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 […]
