LME and LME Clear Boards Appoint New Independent Director

The Boards of the London Metal Exchange (LME) and LME Clear are pleased to announce the appointment of Antony Stuart as an independent non-executive director.

Wednesday, May 4, 2016

Western Areas Raises SPP Cap

Nickel miner Western Areas on Tuesday increased the cap of its planned share purchase plan (SPP) from A$10-million to A$15-million after applications for the SPP exceeded A$20-million.

Tuesday, May 3, 2016

LME Announces Launch of LME Shield - First Warehouse Receipt Issued

The London Metal Exchange (LME) today announces the successful launch of LMEshield, the new electronic warehouse receipt system for the global commodities market. The first receipt was issued by Henry Bath & Son Ltd on behalf of BNP Paribas Arbitrage SNC.

Friday, April 29, 2016

Gonzalo Cuadra to chair LME User Committee

“The User Committee is an integral and unique part of the way the LME operates,” says Garry Jones, LME CEO. “It acts as a sounding board on LME services for the Exchange’s users, and advises the LME on strategic issues.”

Tuesday, April 26, 2016

U.S. Export Vlolume of Nickel Scrap in February 2016

According to the statistics released by the U. S. Department of Commerce, the export result of nickel scrap in February 2016 was 2,549 tons,

Thursday, April 21, 2016

New Environmental Protection Bill to Go Beyond Queensland Nickel Refinery

On Tuesday 15 March, Dr Steven Miles, Minister for Environment and Heritage Protection, introduced the Environmental Protection (Chain of Responsibility) Amendment Bill (“the Bill") into the Queensland Parliament. In introducing the Bill, the Minister refer...

Wednesday, March 23, 2016

Australian nickel refinery workers sacked without entitlements

Hundreds of workers retrenched at Queensland Nickel’s (QN) Yaulu refinery remain in limbo, without jobs or entitlements, despite schemes being proposed by the owner, mining magnate Clive Palmer, and an investment group to eventually reopen the facility.

Wednesday, March 23, 2016

Norilsk Nickel: Generating Returns Despite Weak Commodities Prices

Norilsk Nickel (OTCPK:NILSY) believes that current nickel spot prices are not sustainable. The nickel market showed low price elasticity in 2015, with production cuts coming mostly from Chinese nickel pig iron producers and a number of mines operating at neg...

Thursday, March 17, 2016
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