Futures contracts for base metals saw an upward trend on both the Multi Commodity Exchange of India (MCX) and the London Metal Exchange (LME) as a result of a weaker dollar and declining inventories. The positive sentiment in the market was further bolstered by falling inventories of most metals, except zinc, at warehouses registered with...
READ MOREStocks of Russian aluminium, copper, and nickel are on the rise in the warehouses of the London Metal Exchange (LME), having increased one and a half times over the past year. This trend is part of a broader global phenomenon, with worldwide stocks of these metals doubling over the year, which analysts attribute to declining...
READ MOREMonday’s commodity markets experienced significant movements across copper, crude oil, and gold, influenced by a range of geopolitical and economic factors. Copper contracts on the London Metal Exchange (LME), crude oil futures on NYMEX, and gold futures on COMEX all saw gains as disruptions in mining, escalating geopolitical tensions, and economic signals shaped investor sentiment....
READ MOREThe London Metal Exchange (LME) has onboarded Vedanta Aluminium as the first smelter in India to successfully implement the LME Passport program. This milestone makes Vedanta Aluminium not only the first in the country but also the fifth primary aluminium producer globally to establish a direct digital connection for Certificates of Analysis (CoA) submission to...
READ MORESince Hong Kong Exchanges and Clearing (HKEx) acquired the LME in 2012 for $2.2 billion, the exchange has aimed to open warehouses in China. Registering facilities in Hong Kong would be a key step towards this goal, as it would offer companies in the region a viable alternative to mainland storage. In a December 2023...
READ MORECopper prices fell on the London Metal Exchange (LME) on Monday as some investors booked profits, following a sharp rise driven by stimulus measures in China, the world’s largest consumer of metals. The three-month copper contract on the LME dropped 0.8% to $9,905.5 per metric ton after reaching $10,158, its highest level since June 7....
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