Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.
Base metalsThe London Metal Exchange has shelved its idea of developing a dealer-to-client platform, following the results of last year's discussion paper, chief executive officer Matthew Chamberlain said.The exchange also does not have projections of how much revenue it might make every year from the introduction of the over-the counter booking fees, Chamberlain has said.The LME believes its warehousing system is robust and remains committed to working with members to make warehousing easier, according to Chamberlain.The new energy vehicle (NEV) story is not a "red herring," and nickel physical market participants need to lock in prices now, according to Robert Hawkes, executive director, Goldman Sachs International.UC Rusal continues to struggle to export any of its aluminium production out of Russia despite an...