October 2, 2024

LME monitors tightness in aluminum market after spike in spread

The premium of LME October aluminum over November hit $18 a tonne on Wednesday from a premium of $5.85 about three weeks ago.

October 1, 2024

Canada to hit Chinese steel and aluminum with tariffs on Oct. 22

Country published a list of dozens of Chinese steel and aluminum products on which it will place a 25% tariff, starting in three weeks. 

October 1, 2024

Aluminum squeeze rolls on with key LME spread spiking again

The October monthly contract traded at a $22 premium to November on Tuesday, hitting a new high after the spread jumped by more than $9 the previous day.

October 1, 2024

Firms substituting cheaper aluminum for copper, trend growing

Currently, the price of copper is 3.8 times that of aluminum.

September 30, 2024

Arzyz Metals to launch $650 million Mexico plant expansion

Aluminum company will expand its Cienega de Flores plant in Mexico's Nuevo Leon state.

September 30, 2024

Aluminum spread jumps again as traders eye Trafigura position

Traders are also focusing on a single large long position in the October aluminum contract, which is held by Trafigura.

September 30, 2024

Global aluminum market seen closer to balance in 2025, Rusal says

Rusal, responsible for 5.5% of global aluminum supply, has been increasing deliveries to China.

September 30, 2024

Elevated alumina prices to feed on China aluminum producer profits

China's aluminum producers have made rising profits due to elevated prices of the metal.

September 30, 2024

Copper takes top spot again as best prospect at LME seminar

Copper got 46% of votes in an informal poll at the LME Seminar on which base metal is likely to have most upside.

September 29, 2024

The mavericks of metals are back, rocking a $15 trillion market

Despite its significance as the marketplace where global benchmarks for aluminum, copper and nickel are set, the LME and its warehouse system regularly turn into a playground for traders.