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MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

February 10, 2012 - 14:28 GMT

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

Aluminium Ingot

Duty paid delivered works pressure diecasting ingot price...

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Non-Ferrous

May 24, 2012 00:49 Confusion grips US lead battery market
May 24, 2012 00:05 US UBC collection volumes down in April
May 23, 2012 16:59 MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES
May 23, 2012 15:28 UK secondary aluminium ingot volumes up, prices down
May 23, 2012 00:40 US A380.1 aluminum alloy prices drop another penny

Comment & analysis

EXPERT VIEW FROM ERNST & YOUNG: Horror week favours the brave

Seven days is a long time in the investment world, but last week must have felt longer than most.
COMMENT: When super-cycle poster child BHP Billiton trims its plans...

BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.
LORD COPPER: There is nothing to fear after JP Morgan loss ...

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.