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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 […]
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 […]
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May 20 – “Exclusive: Goldman puts Metro metals warehousing unit up for sale,” Reuters Some U.S. lawmakers welcomed news that Goldman is taking steps to exit the metals warehousing business that end-users such as Coca-Cola Co and MillerCoors, which use aluminum to make beverage cans say has led to long wait times and inflated physical […]
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 […]
CME (Chicago Mercantile Exchange) Group announced the first North American physically delivered aluminum futures contracts were traded on May 6, by executing firm Macquarie Bank Limited. “Macquarie provides clients globally with metals-related risk management trading and hedging services, including a full range of futures execution and clearing services. We are very honored to be the […]
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 […]
