LIVE FUTURES REPORT 08/06: Tin above $31,000 on MSC disruption; lead, aluminium rise

Tin was the best performer on the London Metal Exchange on June 8 due to its constrained global supply situation being set to worsen amid disruption from MSC, while the rest of the complex finished positively on afternoon US trade despite a broader consolidation.

08 June 2021 Ana de Liz

HOTTER ON METALS: The knife twist return of the ring

London Metal Exchange ring dealing members have a decision to make - whether to remain one or not.

08 June 2021 Andrea Hotter

US proposes magnet tariffs, other supply chain reforms

The United States government has published a sweeping review of US supply chains, proposing measures to increase domestic production of a number of key minerals and products. These measures include a proposed tariff on neodymium magnet imports.

08 June 2021 William Clarke

Yunnan aims to resume regular power supply by June end

China’s Yunnan province, located in the southwest of the country, plans to end its peak load-shifting operations on the region’s power consumption by the end of June, according to the latest power consumption guidance released by Energy Administration in Yunnan Province on June 6.

08 June 2021 Hui Li

LME to limit warranting of stock not reflected in off-warrant stock reports

The London Metal Exchange will enhance its off-warrant stock reporting, including limiting the warranting of metal that has not previously been disclosed in off-warrant stock reports, the exchange said on Tuesday June 8.

08 June 2021 Alice Mason

Trafigura shakes up metals unit as head trader Zahir departs [UPDATE]

Trafigura’s head of metals and minerals, Amin Zahir, is leaving the trading company, Fastmarkets heard on Tuesday June 8.

08 June 2021 Archie Hunter

“I love the LME ring; I hope it's still here in 10 or 20 years” - CEO Matt Chamberlain

London Metal Exchange chief executive officer Matthew Chamberlain said he hopes the new changes to the exchange’s market structure will increase volumes and be long-term changes.

08 June 2021 Alice Mason

LIVE FUTURES REPORT 08/06: LME tin at new 2021 highs, zinc above $3,000/t on Peru election

The London Metal Exchange three-month tin price set a new year-to-date high of $31,300 per tonne on June 8 morning while zinc’s price was on the rise but the rest of the complex was mostly unchanged from the Monday close.

08 June 2021 Ana de Liz

LME will restart ring trading for official prices; closing prices to stay electronic

The London Metal Exchange will re-open its open-outcry trading ring following a discussion paper on market structure, it said.

08 June 2021 Alice Mason

NEWSBREAK: LME will re-open Ring on September 6

The London Metal Exchange will re-open its open-outcry trading floor, known as The Ring, on September 6 for trading, it announced on Tuesday June 8.

08 June 2021 Alice Mason