LME considers Jeddah port for copper and zinc deliveries
PORTS & SHIPPING

LME considers Jeddah port for copper and zinc deliveries

In an announcement on March 19th, the London Metal Exchange (LME) revealed its intention to designate Jeddah, a key port city on the Red Sea in Saudi Arabia, as a potential delivery point for copper and zinc. This decision is contingent upon a consultation process regarding a technical adjustment to the LME's framework for warehouse locations.

Matthew Chamberlain, the CEO of LME, emphasised Saudi Arabia's significance as a global metals hub. He noted that Jeddah aligns perfectly with the operational and logistical criteria required for new warehouse locations, citing its status as a substantial area of net consumption and its well-established transport infrastructure.

In an announcement on March 19th, the London Metal Exchange (LME) revealed its intention to designate Jeddah, a key port city on the Red Sea in Saudi Arabia, as a potential delivery point for copper and zinc. This decision is contingent upon a consultation process regarding a technical adjustment to the LME's framework for warehouse locations. Matthew Chamberlain, the CEO of LME, emphasised Saudi Arabia's significance as a global metals hub. He noted that Jeddah aligns perfectly with the operational and logistical criteria required for new warehouse locations, citing its status as a substantial area of net consumption and its well-established transport infrastructure.

Next Story
Infrastructure Urban

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's  fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building  (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous  Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in  Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant  advancement in the company's commitment to engineered performance, manu..

Next Story
Infrastructure Urban

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Next Story
Infrastructure Urban

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App