London Metal Exchange
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news.google.comLondon Metal Exchange Licenses First Hong Kong Warehouse in 2025, Plans Further Approvals
The London Metal Exchange licensed its first approved warehouse in Hong Kong in 2025 and is now prepared to expand its suite of facilities there. Chief Executive Officer Matthew Chamberlain said the exchange stands ready to grow its approved warehouse network in the Asian financi…
zerohedge.comAluminum Prices Rise After Force Majeure Declaration by Major Producer
Aluminum prices on the London Metal Exchange reached $3,621 per ton, nearing levels seen during Russia's 2022 invasion of Ukraine. Emirates Global Aluminium declared force majeure on part of its contracts following strikes on its smelter. The company supplies 4% of global aluminu…
Substrate placeholder — needs reviewLondon Aluminum Futures Reach Four-Year High Amid Gulf Supply Disruptions
Aluminum prices on the London Metal Exchange rose 1.4% to $3,547 per ton on Monday, driven by a U.S. blockade of the Strait of Hormuz set to begin at 10:00 a.m. New York time. Emirates Global Aluminum declared force majeure on parts of its contracts after halting operations at it…
Substrate placeholder — needs reviewVeteran Trader Sonny McNess Leaves Mercuria After Building Large Aluminum Positions
Sonny McNess, a veteran trader at Mercuria, has departed the company. During his tenure, he contributed to the development of substantial aluminum positions that prompted the London Metal Exchange to modify its rules. The departure follows these events, with details on the backgr…