The headline poses a rhetorical question — we can all see the rundown in LME inventory this year. However, the question is intended to raise two issues. First, while in many cases analysts will point to falling inventory levels as a reason for rising prices, the current ultra-low levels of LME stocks support the point […]
Tag: LME
LME CEO weighs in on low-carbon aluminum during LME Week
London Metal Exchange CEO Matthew Chamberlain has expressed doubt over sourcing aluminum from exclusively low-carbon sources in the short term. “There have been calls for us to exclude high-carbon production, but we don’t think that’s the right thing to do because there simply would not be enough aluminum on the market,” Chamberlain said on Oct. […]
COMEX-LME copper arbitrage tells a story
After a barnstorming first quarter, the copper price appears to be bucking the wider bull market narrative by trading sideways in the second quarter. Yet there remains a strange disconnect between COMEX and the North American market and the LME and rest of the world. Receive the latest short-term and long-term outlook for the full […]
Clash of the futures exchanges
The CME’s Comex and London Metal Exchange (LME) are squaring up for the industrial revolution that is electrification, according to recent posts by Bloomberg and the Financial Times. Both exchanges are busy developing and, more importantly, marketing products that cater to industry’s need to hedge exposure to forward prices for key battery ingredients. Whether for car […]
LME now reporting off-warrant stock … what does it mean for the market?
Despite being in the works for months prior to the onset of the pandemic, the LME’s program of reporting warehouse inventory in “near storage” — meaning in LME warehouses but not on warrant — could hardly have been more timely as a fierce, if temporary, recessionary situation hit metals markets this year.
Questions abound amid allegations of shady goings-on in the nickel market
We all love conspiracy stories — who knew what and who was manipulating events behind the scenes? All the metals intelligence you need in one user-friendly platform with unlimited usage – Request a MetalMiner Insights platform demo A recent Telegraph article takes a more balanced approach to review goings-on at the London Metal Exchange (LME) […]
Stainless MMI: Index Falls One Point as LME Nickel Moves Sideways, SHFE Nickel Drops Slightly
The Stainless Steel Monthly Metals Index (MMI) dropped again this month, by one point to 87. The drop follows last month’s three-point decline to 88 on the heels of August’s five-year high of 91. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME nickel prices continued to move sideways overall, […]
Aluminum Prices Rising Despite Weak Demand
The aluminum price is a contrary thing, isn’t it? For months, aluminum prices have been falling on the basis that demand is waning due to slowing global growth (particularly in top consumer China). Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook China’s gross domestic product growth slowed again to 6.0% year over year […]
LME Makes Measured Changes to Warehouse Rules, Reporting
To an external viewer, the wheels can appear to grind slowly at the world’s oldest metal exchange. But the years have taught the London Metal Exchange about the danger of hasty rule changes — often made for the best of intentions, such changes can lead to unexpected consequences. Keep up to date on everything going […]
Aluminum Market is in Balance – For Now
Various sources are reporting both a slowing in demand growth and a fall in output for primary aluminum. So far this year, that combination has been led by a faster fall in output, pushing the market into a larger deficit position as the first half progressed. Buying Aluminum in 2019? Download MetalMiner’s free annual price […]
