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MB NON-FERROUS PRICE CHANGES

February 10, 2012 - 14:24 GMT

The following MB non-ferrous free market prices changed on Friday:

Minor Metals

Antimony MB free market regulus: $12,700-13,100 per tonne from $12,600-13,000

Antimony MMTA Standard Grade II: $12,600-13,000 per tonne from $12,400-12,800

Antimony MB Chinese free market: RMB 83,000-84,000 per tonne from RMB 83,000-84,500

Bismuth MB free market: $10.50-11.30 per Ib from $10.40-11.20

Bismuth MB China domestic: RMB 140,000-142,000 per tonne from RMB 138,000-141,000

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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Comment & analysis

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So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.