Rio Tinto hails another step closer to develop Serbian lithium mine
If developed, the $2.4 billion Jadar lithium project in Western Serbia could cover 90% of Europe's current lithium needs.
The London Metal Exchange has approved Ravenna as the latest point of good delivery for non domestic LME Steel Billet, with effect from September 16th 2011. The addition of the Italian port will enhance the contract’s warehousing network in Europe, encouraging the steel industry to further utilise the contract. LME Steel Billet is now listed in 12 locations in seven countries.
LME Steel Billet average daily volume in 2011 is 1,042 lots, up 46% from 2010. The number of transactions per day in 2011 has also increased 36% year on year. On average 77 trades take place, more than half of them on Select and with 22 members trading regularly each month.
