Protesters blocked a transport route serving Rio Tinto's Oyu Tolgoi mine in Mongolia, disrupting copper concentrate exports and prompting warnings of economic losses.
Commodity Pricing & Analysis Ltd ("CPAL"), a UAE-based subsidiary of Hong Kong Exchanges and Clearing Limited (“HKEX”) operating under the brand name of LME Insight, announces that, it will publish the “CPAL Steel HRC Shanghai (SHFE) Monthly USD Settlement Price”. This price will serve as the final settlement price for the forthcoming London Metal Exchange (LME) Steel HRC Shanghai cash-settled futures contract.
The new LME contract – LME Steel HRC Shanghai – will be cash-settled against the Steel HRC Shanghai (SHFE) monthly US dollar price, providing market participants outside China with exposure to the SHFE flat steel market through a US dollar-denominated, cash-settled LME contract.
The contract is expected to commence trading in October 2026, subject to final regulatory non-objection and the publication of a separate London Metal Exchange (LME) Notice confirming the Commercial Go-Live Date.
The full methodology, including the price determination process, currency conversion methodology, publication schedule, governance arrangements, and quality assurance framework, is available on the LME Insight website at (https://www.lmeinsight.com).
LME Insight welcomes stakeholder feedback as part of its commitment to transparent and robust price discovery. Please submit any comments, questions, or feedback regarding the settlement price methodology to LME Insight at PriceReporting@lmeinsight.com. Unless expressly identified as confidential, upon request LME Insight may make feedback and responses available publicly to support market understanding and methodological transparency.
Argentina has approved the Vicuna copper project - a joint venture between Australia's BHP and Canada's Lundin Mining - in what Economy Minister Luis Caputo called the largest mining project in Argentina's history.
Qatar Aluminium Manufacturing Company (QAMCO), which holds a 50% stake in Qatalum, confirmed on Sunday June 14 that the marketing and offtake arrangements with Hydro Aluminium AS, Qatalum's marketing agent, have been terminated.
