Export Growth
June 16, 2026
Written by Nicholas Bell
LME Clear, the clearing house for the London Metal Exchange (LME), will increase the amount of offshore renminbi (CNH) each member can hold as collateral to CNH 135 million (about US $20 million based on June 16 exchange rates) from CNH 90 million.
It also will reduce the advance notice required to lodge and withdraw CNH collateral to one US business day from two days.
US aluminum scrap imports increased faster than exports through August, while similar tonnage gains kept net exports near year earlier levels.
Indonesian unwrought aluminum exports increased sharply in August, with the US and South Korea accounting for a growing share of shipments.
EGA will route up to 250,000 metric tons of aluminum through the UAE’s east coast in the first year of a new agreement with Gulftainer.
Rio Tinto will exclusively market billet from RevoCast’s new British Columbia plant under a long-term agreement combining primary and recycled aluminum.
The USITC found Chinese van-type trailer imports materially injured the US industry, clearing the way for AD/CVD orders as separate Canada and Mexico cases continue.
