-
May 2012
24 May 2012
Base metal prices rose back above their previous closing prices in kerb trading on the London Metal Exchange on Thursday May 24, as the euro recovered slightly from earlier lows.
-
24 May 2012
Trafigura and Ormet Corp have agreed to explore possible joint investments in bauxite, alumina and aluminium assets, the two companies said on Thursday May 24.
-
24 May 2012
Base metals stabilised in official trading on the London Metal Exchange on Thursday May 24, after the eurozone debt crisis saw prices fall heavily on Wednesday.
-
24 May 2012
Constellium has signed a multi-year agreement to supply Airbus’ leading aircraft programmes, valued at an estimated $2 billion, the downstream aluminium producer said on Thursday May 24.
-
24 May 2012
Shanghai Futures Exchange copper prices were little changed ,as market participants pondered an improvement in arbitrage between London and Shanghai.
-
24 May 2012
Base metals prices continued to weaken in pre-market trading on the London Metal Exchange on Thursday May 24, as European leaders continued to debate solutions to the eurozone debt problems.
-
24 May 2012
Arbitrage for copper, aluminium and zinc imported into China
-
24 May 2012
Trafigura will move its headquarters to Singapore from Geneva, Switzerland later this year, the company announced on Wednesday May 23.
-
24 May 2012
London Metal Exchange copper prices staged a small rebound in early Asian trading on Thursday May 24 on technical buying.
-
24 May 2012
Rio Tinto Alcan is aiming to begin expansion work at its bauxite mine in Weipa, Australia, later this year.
-
23 May 2012
Base metals prices all found new intra-day lows in kerb trading on the London Metal Exchange on Wednesday May 23, as the euro continued to suffer under the uncertainty of Greece’s future in the single currency.
-
23 May 2012
Copper found its lowest official price since the first week of the year on the London Metal Exchange on Wednesday May 23, as eurozone sentiment soured.
-
23 May 2012
Shanghai Futures Exchange copper prices sank by 1.6% on Wednesday May 23, as falls in global markets weakened sentiment.
-
23 May 2012
Rio Tinto Alcan is asking Japanese aluminium buyers for a record $200 premium per tonne in the third quarter, citing a tight market, according to two sources who received letters from the company.
-
23 May 2012
Norsk Hydro plans to shut down its 180,000-tpy Kurri Kurri aluminium plant in Australia after a review showed that the plant will not be profitable in the short term at current market prices of aluminium.
-
23 May 2012
Copper prices fell back to recent support levels in pre-market trading on the London Metal Exchange on Wednesday May 23, with the euro losing strength as traders again considered Greece’s possible exit from the eurozone.
-
23 May 2012
More than six hundred Indonesian mineral exporters have gained the first of three approvals which are required before they can export again.
-
23 May 2012
London Metal Exchange copper prices fell in early Asian trading on Wednesday May 23, as the US dollar index rose on Greece eurozone exit worries.
-
22 May 2012
Base metals prices remained in tight ranges during kerb trading on the London Metal Exchange on Tuesday May 22, closing an uneventful day in which no drivers appeared to push prices in either direction.
-
22 May 2012
Analyst Ed Meir looks at what is moving the metal markets on Tuesday May 22.
-
22 May 2012
The Indian government is not satisfied with the valuations of Bharat Aluminium Co (Balco) and may not accept Vedanta Resources’ offer to buy the remaining 49% government stake in the company as the valuation of the residual stake is questionable, a senior bureaucrat dealing with the issue said.
-
22 May 2012
India’s National Aluminium Co (Nalco) has posted a 21% fall in net profit for the full year ending March 31 2012, as higher costs more than offset stronger sales figures.
-
22 May 2012
The race to acquire the London Metal Exchange has been narrowed down to just two bidders, the exchange announced on Tuesday May 22.
-
22 May 2012
Base metals continued to trade in stable ranges in the official session on the London Metal Exchange on Tuesday May 22, having calmed following positive remarks from both the G8 summit in the USA and Chinese Premier Wen Jiabao.
-
22 May 2012
German metals association WirtschaftsVereinigung Metalle (WVM) has linked the recent bankruptcy of Voerde Aluminium to the delay in implementing EU rules to help energy-intensive industries survive in Europe.
-
22 May 2012
Ormet Corp has announced a $1.1 million net loss for the first quarter of 2012, from a net income of $5.5 million for the corresponding period last year, on lower aluminium sales prices and higher costs.
-
22 May 2012
Base metals prices remained in tight ranges in pre-market trading on the London Metal Exchange on Tuesday May 22, following slightly improved European sentiment following remarks from the G8 summit in Camp David, USA.
-
22 May 2012
Arbitrage for copper, aluminium and zinc imported into China
-
22 May 2012
Shanghai Futures Exchange copper inched up by 0.1% on Tuesday tracking the overnight rebound in overseas markets.
-
22 May 2012
London Metal Exchange copper prices traded in a tight range in the early Asian session on Tuesday May 22, as sentiment turned cautiously optimistic in light of the latest news from Europe.
-
21 May 2012
Kaiser Aluminum Corp. has garnered $225 million from an offering of senior notes due 2020, which the company will use to fund potential acquisitions.
-
21 May 2012
Base metals prices remained rangebound in kerb training on the London Metal Exchange on Monday May 21, as a lack of traditional market drivers caused traders to turn their attention to the G8 summit at Camp David in the USA.
-
21 May 2012
Copper and General Commentary: Copper finished slightly higher on Friday, but had a dismal week overall, losing about 4.5% of its value over the period. The rest of the metals were mixed, with aluminium, lead and tin all up on the day, while nickel and lead continued to lose ground.
-
21 May 2012
Rio Tinto has agreed to sell its Alcan Cable subsidiary to General Cable Corp for $185 million, the companies said on Monday May 21.
-
21 May 2012
Société Générale managing directors Frédéric Lasserre and Christophe Cordonnier are set to leave the French bank to launch Belaco Capital, a multi-commodity discretionary hedge fund based in Paris, the fund announced on Monday May 21.
-
21 May 2012
Copper prices held early gains in the official session on the London Metal Exchange on Monday May 21, while the other base metals prices fell back to earlier lows on a day bereft of market-driving news.
-
21 May 2012
BHP Billiton’s ceo Marius Kloppers hinted at the possibility that the company will continue to divest underperforming assets in remarks on May 15.
-
21 May 2012
Base metals prices rose in pre-market trading on the London Metal Exchange on Monday May 21, as the euro improved slightly against the dollar after weakening since the start of the month.
-
21 May 2012
Shanghai Futures Exchange copper prices rose by 1.5% on Monday May 21 after China premier Wen Jiabao promised to support economic growth.
-
21 May 2012
Arbitrage for copper, aluminium and zinc imported into China
-
21 May 2012
Copper prices on the London Metal Exchange climbed in early Asian trading on Monday May 21 after China’s premier Wen Jiabao indicated that the government will increase its focus on improving economic growth.
-
18 May 2012
Base metals prices consolidated early gains in Friday’s official trading on the London Metal Exchange on Friday May 18, as the euro improved and market participants expected short-covering ahead of the weekend.
-
18 May 2012
BHP Billiton is likely to go ahead with its Outer Harbour project at Port Hedland, Australia, despite the miner’s review of future spending plans, according to analysts.
-
18 May 2012
Slovenian aluminium producer Talum is close to concluding a deal with a new alumina supplier after returning to a full capacity of 75,000 tpy, a company spokesman told Metal Bulletin
-
18 May 2012
Indian miner Vedanta’s earnings before interest, taxation, depreciation and amortisation (Ebitda) for the full year to March 31 came to $4 billion, on increased volumes and the integration of recent acquisitions.
-
18 May 2012
Copper prices firmed in pre-market trading on the London Metal Exchange on Friday May 18, as traders balanced the prospect of short-covering against the bearish economic outlook for Europe.
-
18 May 2012
None of the bidders looking to buy the London Metal Exchange plan to make substantial changes to the exchange's date structure, warehouses or open-outcry trading ring, Metal Bulletin understands.
-
18 May 2012
Copper prices on the Shanghai Futures Exchange inched down on Friday May 18 as investors remained cautious in the face of market uncertainty.
-
18 May 2012
Arbitrage for copper, aluminium and zinc imported into China
-
18 May 2012
Copper prices on the London Metal Exchange stayed in a tight range in early Asian trading on Friday May 18 as the market remained bearish after the red metal’s slide to a four-month low at the start of the week.
-
18 May 2012
US aluminum billet premiums reached a one-year high this week as producers and traders reported tight supply amid growing demand and continued outages.
-
18 May 2012
Alcoa Inc. has broken ground on a $90-million expansion at its Lafayette, Ind., facility, which is expected to boost the company’s production of aluminum-lithium alloys for the aerospace sector.
-
17 May 2012
Base metals prices were mixed in Thursday’s kerb trading on the London Metal Exchange after spending the day in tight ranges tracking the fluctuating euro.
-
17 May 2012
Analyst Ed Meir looks at what is moving the metal markets on Thursday May 17.
-
17 May 2012
The London Metal Exchange achieved pre-tax profits of £11.38 million ($18.15 million) in 2011, down 8.7% as the company saw expenses jump by nearly a third due to higher operational costs.
-
17 May 2012
The British Security Council (BSC) has suspended a safety award that it granted to a Vedanta Resources subsidiary after it was made aware of a fatality at the company’s operations – the second time in as many years that the BSC has taken back an award from the diversified miner.
-
17 May 2012
Nickel was the only base metal to manage a small improvement in official trading on the London Metal Exchange as all base metals prices looked rangebound amid anxiety over Europe’s economic situation on Thursday May 17.
-
17 May 2012
India's National Aluminium Co (Nalco) is exporting 12,000 tonnes of aluminium at about $162 per tonne premium on cif Singapore parity, commercial director Ansuman Das told Metal Bulletin on Thursday May 17.
-
17 May 2012
Base metals prices, with the exception of lead, improved in pre-market trading on the London Metal Exchange on Thursday May 17, following on from a stronger Asian session.
-
17 May 2012
Primary aluminium output in Brazil increased by 3% year-on-year in April, according to Abal, the Brazilian National Aluminium Assn. Production totalled 122,000 tonnes last month, compared with 118,400 tonnes in April 2011, Abal said
-
17 May 2012
The Shanghai Futures Exchange copper price inched up on Thursday May 17 as a strong stock market rally saw the red metal recover some of the previous day’s losses.
-
17 May 2012
Arbitrage for copper, aluminium and zinc imported into China
-
17 May 2012
The London Metal Exchange copper price remained in a tight range in the early Asian session on Thursday May 17 as the market remains bearish due to turmoil in Europe.
-
17 May 2012
Century Aluminum Co., after failing to reach an agreement with its local power provider, has submitted an application to the Public Service Commission (PSC) of West Virginia requesting a power contract that would protect its idled Ravenswood smelter during periods of weak London Metal Exchange pricing.
-
17 May 2012
Metals fabricators and primary metals producers saw capacity utilization rates increase last month, along with the indices for industrial production, the Federal Reserve Board said Wednesday.
-
16 May 2012
Copper prices retreated in kerb trading on the London Metal Exchange as nickel prices and aluminium prices managed small gains in the face of crippling fears over Europe’s economic situation.
-
16 May 2012
Analyst Ed Meir looks at what is moving the metal markets on Wednesday May 16.
-
16 May 2012
Michael Warren, the London Metal Exchange’s chief technology officer, has died age 56, the exchange announced on Tuesday May 16.
-
16 May 2012
Base metal prices crept up from earlier lows in official trading on the London Metal Exchange on Wednesday May 16, though the spectre of a bankrupt Greece remains firmly in the foreground.
-
16 May 2012
Analysts at Standard Chartered have cut price forecasts for base metals on the back of weak macroeconomic data from China and India, as well as a lack of confidence in Europe.
-
16 May 2012
In a country still dogged by political instability and an uncertain future, Egyptian state aluminium producer Egyptalum remains upbeat about its own outlook.
-
16 May 2012
Copper prices lost ground in pre-market trading on the London Metal Exchange on Wednesday May 16, as the euro hit a four-month low against the dollar and Greece’s exit from the EU looked imminent.
-
16 May 2012
NYSE Euronext has been knocked out of the bidding for the London Metal Exchange after submitting a proposal that valued the exchange at around £800 million ($1.28 billion).
-
16 May 2012
Votorantim Metais saw its earnings before interest, tax, depreciation and amortisation (Ebitda) more than halve to around 300 million Reais ($150.2 million) in the first quarter on lower metal prices and higher oil and electricity costs.
-
16 May 2012
Shanghai Futures Exchange copper prices fell further on Wednesday May 16 as investors shunned risky assets for fear of a Greece default.
-
16 May 2012
Arbitrage for copper, aluminium and zinc imported into China
-
16 May 2012
Aluar, the only primary aluminium producer in Argentina, has reported net losses of 5.2 million pesos ($1.17 million) in the first quarter of 2012.
-
16 May 2012
Key information on Egyptalum
-
16 May 2012
Rusal’s first quarter results came in weaker than market estimates, with analysts looking for more details on the timeline for the planned capacity cuts in the second half.
-
16 May 2012
London Metal Exchange copper prices slid further in early Asian trading on Wednesday May 16 as Greek uncertainty sapped risk appetite and the dollar index climbed sharply.
-
16 May 2012
Aluminum shipments by service centers in the United States and Canada were down in April compared to each of the previous three months, but distributors say they nonetheless remain optimistic about the rest of the quarter.
-
15 May 2012
Copper continued lower in kerb trading on the London Metal Exchange after weaker numbers started to alleviate the backwardation in the cash to three-month spread on Tuesday May 14.
-
15 May 2012
Analyst Ed Meir looks at what is moving the metal markets on Tuesday May 15.
-
15 May 2012
The steep backwardation, which has dominated the London Metal Exchange copper market over recent weeks, all but collapsed on Tuesday May 15, after prices plunged on Monday.
-
15 May 2012
Metal Bulletin prices global aluminium premiums on a daily basis. Please find the methodology below.
-
15 May 2012
Some aluminium billet producers in Europe are considering switching their manufacturing capabilities to other products as the construction industry, to which the majority of extrusion billets are supplied, remains depressed while demand and premiums for other products are much higher.
-
15 May 2012
Arbitrage for copper, aluminium and zinc imported into China
-
15 May 2012
Copper prices held firm in pre-market trading on the London Metal Exchange on Tuesday May 15 as nickel and aluminium also managed small improvements after a subdued Asian session.
-
15 May 2012
Shanghai Futures Exchange copper fell on Tuesday May 15 as renewed worries that Greece could exit the eurozone triggered investor caution.
-
15 May 2012
London Metal Exchange copper traded in a tight range in early Asian trading on Tuesday May 15, as market participants pondered whether a slowdown in Chinese growth has signalled the end of a super cycle in metals prices.
-
15 May 2012
A price hike on aerospace aluminum plate this year appears to have stuck and the market could be in store for further tightening, service center executives and sources said.
-
15 May 2012
Kaiser Aluminum Corp. will use net proceeds from a private offering to fund potential acquisitions, the company said Monday.
-
15 May 2012
Former Alcoa Inc. sales director John Casaldi has come out of retirement to join aluminum billet producer Matalco Inc.
-
14 May 2012
Copper prices had further to fall in kerb trading on the London Metal Exchange on Monday May 14, as concerns over the prospect of Greece’s exit from the eurozone grew amid protracted concerns over a slowdown in China.
-
14 May 2012
A delegation from Saudi Arabia plans to visit the London Metal Exchange in the coming weeks in a bid to register Jeddah as an approved delivery point for exchange-bonded metals, Ambro Metals founder Steven Spencer told Metal Bulletin.
-
14 May 2012
Natixis has appointed David Gornall as global head of metals trading at its fixed income, commodities and treasuries (FIC&T) unit as part of a development of its commodities derivatives business, the company announced on Monday May 14.
-
14 May 2012
Analyst Ed Meir looks at what is moving the metal markets on Monday May 10.
-
14 May 2012
UC Rusal has nominated Matthias Warnig for election to its board as an independent non-executive director.
-
14 May 2012
United Co Rusal’s first quarter results came in below earlier market estimates due to falling prices and demand against higher costs.
-
14 May 2012
Marex Spectron has acquired the Pro-Trader division of Schneider Trading Associates, in a move it expects will attract new clients to its markets and strengthen its presence in the trading services space.