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 […]
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 […]
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 […]
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 […]
June 17 – “Europe braces itself for another aluminium premium hike,” Metal Bulletin European aluminium market participants are preparing for a last increase in premiums ahead of the summer slowdown, with producers, traders and consumers all forecasting higher premiums over the next few weeks. Metal Bulletin’s European duty-paid aluminium premium stands at $405-435 per tonne, while […]
The upcoming June 2014 issue of Light Metal Age, to be released at the end of May, will feature an interview with Garry Jones, ceo of the London Metal Exchange (LME), entitled “LME Deals with Warehouse Issues and Upgrades Trading Options for Aluminum.” Be sure to subscribe to receive your copy of the June issue […]
