Matthew Chamberlain has been named as the new ceo of the London Metal Exchange with immediate effect, parent company Hong Kong Exchanges & Clearing Ltd and the LME announced earlier today.
The announcement was not unexpected and Chamberlain can hit the ground running after developing an in-depth knowledge of the workings of the bourse. Andrea Hotter looked at the challenges the new ceo faces.
Here’s a snapshot of the week’s futures activity in our live futures report.
Meanwhile, the war between warehouses for aluminium has resumed in Asia – the truce that had been in place since last year appears to have been broken, with operators aggressively looking to poach metal from competing shed owners.
Staying with the aluminium market, indications are growing that primary aluminium prices might soon be in for a downturn, driving analysts to tailor their portfolios to have more downstream exposure.