LME Mining News

As Glencore restarts capacity, is time up for zinc rally?

Glencore can't take full credit for bull surge of last 2 years but its curtailments acted as powerful accelerator to structural shift toward supply deficit.

London Metal Exchange outlines waivers to new OTC fee

A consultation with users on the fee will start on Nov. 22 and end on Jan. 12 with a view to beginning charges from April 3, the LME said in a statement.

This firm has more than half the copper in LME warehouses

That is worth around $534-$854 million, based on prices of $6,675 per tonne.

Zinc becoming investors new darling

Prices for the metal have jumped almost 17% since early May, hitting $2,410 a tonne late July.

VIDEO: Here's what goes on at the London Metal Exchange

The world's biggest and oldest metals market is getting a makeover under new CEO.

LME expands steel delivery to Italy as volumes rise 46%

The London Metal Exchange has approved Ravenna as the latest point of good delivery for non domestic LME Steel Billet, with effect from September 16th 2011. The addition of the Italian port will enhance the contract’s warehousing network in Europe, encouraging the steel industry to further utilise the contract. LME Steel Billet is now listed in 12 locations in seven countries.

Musings on the Record Price of Copper

The spot price of copper jumped to $4.40 on December 31, exceeding previous highs set daily over the past week. Today we discuss copper’s meteoric price rise during the past five months, dissect current supply […]