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    LME Roundup – Continued Overcapacity from China

    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 […]

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    LME Roundup – LME to Launch New Aluminum Contracts, but Are They Too Late?

    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 […]

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    LME Roundup – Still Striving to Cut Warehouse Queues

    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 […]

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    LME Roundup – New Warehouse Rules Receive Comments from Alcoa and UC Rusal

    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 […]

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    LME Roundup – September 17 through October 17

    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 […]

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    LME Roundup – July 29 through September 16

    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 […]

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    LME Roundup – June 17 through July 28

    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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    LME Roundup – May 20 through June 17

    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 […]

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    LME Roundup – April 22 through May 19

    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 […]