April 7 – “LME may not launch aluminium premium contract until 2015,” by Eric Onstad and Susan Thomas, Reuters “The London Metal Exchange may not launch its new aluminium premium contract until early next year, the exchange’s top executive said on Monday, months after a competing product from U.S. rival CME Group Inc is expected […]
March 11 – “Antitrust suits vs. LME, banks to go on,” American Metal Market “A federal judge is allowing three groups of plaintiffs to pursue separate lawsuits against Goldman Sachs Group Inc., JPMorgan Chase & Co., their warehousing businesses and the London Metal Exchange. The suits, filed late last year on behalf of dozens of […]
February 13 – “Aluminium financing deals to keep metal locked up in LME -Rio Tinto,” Reuters February 14 – “Warehouse firms walk away from reforming London Metal Exchange,” Reuters “A bid by the London Metal Exchange (LME) to ensure clients can obtain aluminium faster from owners of warehouses in its global network risks eroding its […]
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As the current warehousing issues associated with the London Metal Exchange (LME) continue, we will be publishing periodic updates, compiling information found online as the situation develops. This post includes the week of February 3-10, as well as a video that appeared on January 20th. January 20 – “Aluminium premiums smash records” (video), Metal Bulletin […]
As the current warehousing issues associated with the London Metal Exchange (LME) continue, we will be publishing periodic updates, compiling information found online as the situation develops. January 12 – “LME looking to launch U.S. aluminum premium contract,” by Josephine Mason, Reuters “The London Metal Exchange is considering launching a U.S. aluminum premium contract, a […]
