[Ferro-Alloys.com]= Supply is anticipated to be less than consumption due to continuing production curtailment =

Global nickel market ended in small deficit of 8,400 tonnes in January-March 2016 with apparent demand exceeding production. According to WBMS, the calculated full year surplus had stood at 33.6 kt during the whole year 2015.

The new additions to the LME’s ferrous suite – LME Steel Scrap and LME Steel Rebar – have seen considerable support from the market since their launch in November 2015.

On April 25, Mitsubishi Corporation announced that it would sell a 30.0% shareholding owned by the Company in Strand Minerals Pte Ltd. to Eramet S.A.

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.

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.

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.

“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.”