Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Article content LONDON — The global metals sector needs viable spot trading to underpin burgeoning output of lower-content nickel products, but industry participation is key, said the head of German online platform Metalshub, which has linked up with the London Metal Exchange. The lack … Read more
Javier Ruiz The S&P 500 Materials index closed this trading week in green with a marginal gain of 0.26%. The Materials Select Sector SPDR (XLB) was also up +0.51%. Prices for copper and other industrial metals pulled back Wednesday following a resurgent U.S. dollar and renewed worries that central bank rate hikes will impact demand … Read more
Aluminium and nickel prices rose sharply on Thursday as traders fretted about supply shortages after the London Metal Exchange announced that it was considering banning new Russian metals from entering the market. The exchange is deciding whether to publish a discussion paper about how to deal with Russian material, according to its chief executive Matthew … Read more
The London Metal Exchange has infuriated some members with its decision to remain open during Queen Elizabeth II’s funeral, further inflaming tensions between the market and its users. Metal brokers and clients have reacted furiously to the 145-year-old exchange’s ruling to open its electronic market but close its famous pit on Monday. It means that … Read more