A single entity has taken control of up to 90% of the available aluminum inventories on the London Metal Exchange (LME), amounting to approximately $505 million, according to LME data released on Monday. The identity of the party remains undisclosed, but such holdings are typically acquired by investors or traders seeking to capitalize on potential...
READ MOREThe cobalt market has entered an unprecedented downturn, with prices on the London Metal Exchange (LME) plummeting from a peak of $82,000 per metric ton in April 2022 to $21,550, the lowest since the contract’s inception in 2010. The current oversupply, largely driven by China’s CMOC Group, contrasts with previous downturns, such as the 2018-2019...
READ MOREThe London Metal Exchange (LME) has fully recovered from its 2022 nickel crisis, achieving its highest trading volumes since 2015 and the fourth largest on record. Average daily volumes reached 664,698 lots in 2024, an 18.2% increase from 2023, with nickel trading jumping 58.8% year-on-year to levels last seen in 2021 before the market meltdown....
READ MOREJapan’s aluminium P1020 premiums for the first quarter of 2025 have been finalized at $228 per tonne over the cash London Metal Exchange (LME) price, marking a $53 per tonne increase from the previous quarter. This surge represents the highest premium level since Argus began tracking the market in 2016. Initial offers in December exceeded...
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