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Aluminium sees biggest monthly loss due to supply glutAluminium prices further dropped on continued worries about output from China swamping the global market, notching its biggest monthly decline in more than two-and-a-half years. Three-month aluminium on the London Metal Exchange More… |
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HK Exchange ready to buy LME for $2.2bnThe Hong Kong stock exchange agreed to pay £1.4 billion ($2.18 billion) to buy the 135-year-old London Metal Exchange, the world's biggest marketplace for industrial metals, underlining the shift in manufacturing's centre of gravity to Asi More… |
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SGX, LSE plan joint London exchange bidThe Singapore Exchange Ltd is tying up with London's main bourse to make a joint bid for the London Metal Exchange, a source told Reuters on Friday, as the world's largest metal market seeks a suitor in a deal that could be worth 1 billion More… |
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London Metal Exchange mulls saleThe London Metal Exchange (LME), the world's top market for industrial metals that has had surging volumes recently, is considering selling itself after being approached about deals, it said. The LME, owned by trading houses and banks More… |
Brokers bet on new steel contractsBanks and brokers are betting new London Metal Exchange steel contracts will gain traction in less than the decade it took for aluminium contracts to catch on. After many years in design, steel billet contracts will start trading on the fl More… |
