Metal

The London Metal Exchange (LME) has granted the British arm of U.S. broker Clear Street Category 1 membership, allowing the firm to access the LME’s open-outcry trading floor, known as the Ring. This announcement was made on Wednesday. Key Highlights:Membership Approval: Clear Street’s entry restores the number of dealing members on the LME’s open-outcry trading […]

Nippon Steel, Japan’s largest steelmaker, is steadfast in its commitment to acquiring U.S. Steel for $15 billion, with plans to finalize the deal by the end of December. This statement comes despite significant opposition from U.S. politicians, including President-elect Donald Trump. Key Highlights:Commitment to the Deal: Vice Chairman Takahiro Mori emphasized, “We will not give […]

Gold prices fell on Monday, ending a four-day winning streak due to a robust rally in the U.S. dollar and investor anticipation for critical economic data and Federal Reserve commentary regarding interest rates. Key Highlights:Market Performance: Spot gold (XAU=) decreased by 0.6%, trading at $2,636.54 per ounce as of 1:41 p.m. ET (1841 GMT), after […]

Shares in Green Minerals (GEM.OL), a Norwegian seabed mining start-up, experienced a dramatic decline of 36% on Monday following the Norwegian government’s decision to cancel its first licensing round for deep-sea mining. This decision was made in exchange for support for the government’s annual budget. Key Highlights:Government Decision: A left-wing environmentalist party successfully blocked plans […]

Global aluminium producers are negotiating premiums with Japanese buyers for primary metal shipments in the January-March quarter, proposing rates between $230 and $260 per metric ton. This represents an increase of 31% to 49% from the current quarter, according to three sources involved in the pricing discussions. Key Highlights:Premium Increases: The proposed premiums for Q1 […]

Chilean state-run Codelco is intensifying its efforts to boost copper production as it aims to meet its 2024 targets, according to two sources and an internal document. This push comes after a challenging first half of the year, during which the company faced significant operational hurdles. Key Highlights:Production Goals: Codelco, the world’s largest copper producer, […]

Analysts predict a significant decline in China’s imports of scrap copper as some traders halt purchases from the United States, the largest supplier, due to escalating trade tensions anticipated under a Donald Trump presidency. Key Highlights:Trade Tensions: Trump, set to take office in January, has threatened 60% tariffs on Chinese imports and recently announced an […]

The London Metal Exchange (LME) has announced plans to raise its fees by an average of 4.7% in 2025, while maintaining current charges for trading on its open-outcry floor. This fee increase is notably lower than the 13% hike implemented in 2024. Key Highlights:Fee Structure: The base trading and clearing fees will see an increase […]

The Indian government has expressed concerns that low steel prices, largely due to international dumping, may hinder the country’s ambitions to increase its steel production capacity. The federal Ministry of Steel highlighted this issue in a statement released on Wednesday. Key Highlights:Production Goals: India aims to boost its steel production capacity to 300 million metric […]

Available zinc stocks in London Metal Exchange (LME) approved warehouses have fallen dramatically, reaching a one-year low after significant cancellations by inventory holders. This decline, reported by LME data, reflects a 38% drop over just two days. Key Highlights:Inventory Decline: Total notices for removal amounted to 94,525 metric tons on Monday and Tuesday, bringing the […]