LME WEEK 2016: Commodities trading firm Levmet sets up London office

Privately-owned commodities trading firm Levmet has opened a new London office to help facilitate its growing trading activities.

The office marks the next stage of Levmet’s growth as it continues to expand into other complimentary products while recognising the vast pool of trading talent that exists in London, a spokesman for the company said.

“One area we are looking to focus on is forming partnerships with individual proprietary traders and niche commodities businesses who wish to accelerate their growth,” the spokesman added.

Non-ferrous and bulk commodities trader Levmet was formed in 2012 and is owned by management and a group of senior employees. The company actively trades on the London Metal Exchange with over $100 billion notional value of trading annually.

Levmet is led by Ashley Levett, who worked with Drexel Burnham Lambert before setting up his own trading company in the late 1980s. He also has worked with Holco Trading, a subsidiary of ED+F Man, where he was director responsible for all non-ferrous trading.

The Monaco-based company is both a futures and physical trader, primarily focused on metals and hard commodities including copper, iron ore, coal, steel, aluminium, zinc, nickel and other minor metals.

What to read next
The publication of Fastmarkets’ Shanghai copper premiums on Monday December 23 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
Fastmarkets proposes to amend the frequency of the publication of several US base metal price assessments to a monthly basis, including MB-PB-0006 lead 99.97% ingot premium, ddp Midwest US; MB-SN-0036 tin 99.85% premium, in-whs Baltimore; MB-SN-0011 tin 99.85% premium, ddp Midwest US; MB-NI-0240 nickel 4x4 cathode premium, delivered Midwest US and MB-NI-0241 nickel briquette premium, delivered Midwest US.
The news that President-elect Donald Trump is considering additional tariffs on goods from China as well as on all products from US trading partners Canada and Mexico has spurred alarm in the US aluminium market at a time that is usually known to be calm.
Unlike most other commodities, cobalt is primarily a by-product – with 60% derived from copper and 38% from nickel – so how will changes in those markets change the picture for cobalt in the coming months following a year of price weakness and oversupply in 2024?
Copper recycling will become increasingly critical as the world transitions to cleaner energy systems, the International Energy Agency (IEA) said in a special report published early this week.
Fastmarkets proposes to lower the frequency of its assessments for MB-AL-0389 aluminium low-carbon differential P1020A, US Midwest and MB-AL-0390 aluminium low-carbon differential value-added product US Midwest. Fastmarkets also proposes to extend the timing window of these same assessments to include any transaction data concluded within up to 18 months.