Amaroq pours first gold at Nalunaq Mine
Amaroq has completed the first gold pour at its flagship mine in Greenland.
The London Metal Exchange (LME) plans to increase fees next year by an average of 4.7%, but there will be no rise in charges for trading on the open-outcry floor, it said on Thursday.
The rise is less than for 2024, when the LME boosted fees by an average of 13%.
The exchange, the world’s oldest and largest market for industrial metals, said in a statement that base trading and clearing fees will rise in 2025 between 0% and 6.5%.
“LME Group will introduce a number of fee increases to support its ongoing investment in strengthening its market … and continuing to reflect inflation,” a statement said.
The LME, owned by Hong Kong Exchanges and Clearing Ltd., said it will not boost fees for deals in the ring, one of the world’s last open-outcry trading floors, to support the physical market.
The LME, which has lagged rival exchanges in trading battery metals, extended its waiver of fees on lithium and cobalt futures.
(By Eric Onstad and Polina Devitt; Editing by David Evans)
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