Starting on July 30, the LME will start providing a set of synthetic monthly prices for the six main base metals — copper, aluminum, zinc, lead, nickel and tin.
Aluminum Mining News
The London Metal Exchange aluminium price has on Friday morning touched $2,021.50 per tonne.
Donald Trump’s attempts to re-balance global trade have already sent the metals world into a tizzy and as countries respond to U.S. tariffs and sanctions, the disarray is set to increase.
Bears ignore soothing words about US-China trade war dropping copper to near 1-year low in frenzied trade.
Europe warns Trump vehicle tariffs likely lead to counter-measures by its trading partners on $294 billion of US exports.
Teneris will lay off 40 workers at its TenarisAlgomaTubes plant in Ontario and adjust output there because of the U.S. tariffs on steel and aluminum imports.
Canada struck back at the Trump administration on Friday over U.S. steel and aluminum tariffs, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington relents.
In a lawsuit filed Wednesday the American Institute for International Steel and two of its member companies argue that the US president’s tariffs on steel and aluminum imports are unconstitutional.
"Metals markets are well supplied and weaker demand from China will prove too strong a headwind for prices," says new report.
The world's top miner is said to have hired Goldman Sachs to assist with the sale of the Western Australia-based nickel operation.
The selected areas are known for presenting high levels of aluminum, cadmium, copper, iron, lead and/or zinc.
So far, Trump has taken little action beyond tariffs of 25 percent on steel and 10 percent on aluminum on imports from China, the European Union and other countries.
Tianshan has annual aluminium smelting capacity of 1.4 million tonnes.
How did we get here and what does this ratcheted-up trade war mean for Canada, the United States and investors?
The exchange said in March that any launch of a new cobalt contract would not be until the end of 2018 or early 2019.
The London Metal Exchange (LME) is working to see if it can expand access to Rusal’s aluminum, which is under suspension due to U.S. sanctions.
Some Republican lawmakers warn that Trump could trigger a trade war that would destabilize the economy and ultimately hurt American workers.
Canada retaliated against the latest punitive measures last week by proposing levies on C$16.6 billion worth of U.S. exports.
As of Tuesday, Mexico will impose tariffs of 15 percent to 25 percent on U.S. steel products.
The leaders spoke for the first time since the announcement in a 30-minute call and agreed to discuss the issue further at the G7 summit in Canada later this week.
"What I can say with full confidence, though, is that prices will rise—for producers and consumers alike—which is good for gold but a headwind for continued economic growth."
The world’s two biggest economies need to agree on a new framework that will allow both of their economic systems to co-exist.
U.S. banks worked on the En+ initial public offering in November, but some have taken a step back since the sanctions.
Canada's cabinet on Monday discussed how to protect the domestic steel and aluminum industry from U.S. tariffs.
The United States said it was moving ahead with tariffs on aluminum and steel imports from Canada, Mexico and the European Union.