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May 2012
22 May 2012
Arbitrage for copper, aluminium and zinc imported into China
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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.
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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.
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21 May 2012
Chinese steel majors Baosteel, Hunan Valin and Minmetals have agreed to become founding shareholders of electronic physical iron ore trading platform Global Ore, ceo Louis Fel said in a statement on Monday May 21.
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21 May 2012
Analysts at RBC Capital Markets have downgraded their recommendation for Anglo American’s stocks from outperform to sector perform on uncertainty about the profitability of the South African platinum group metals (PGM) sector.
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17 May 2012
Analyst Ed Meir looks at what is moving the metal markets on Thursday May 17.
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17 May 2012
The OTC iron ore market saw volumes edge lower after several days of brisk trade following sharp physical iron ore price drops.
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17 May 2012
Analysts at Jefferies have cut their price targets for equities in miners including BHP Billiton, Kazakhmys and Anglo American.
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16 May 2012
Several consecutive days of sharp OTC iron ore price drops slowed on Wednesday May 16, brokers told Metal Bulletin.
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16 May 2012
Analyst Ed Meir looks at what is moving the metal markets on Wednesday May 16.
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16 May 2012
Freight brokerage firm Simpson Spence & Young (SSY) has acquired boutique iron ore options broker Red Ops, it announced on Wednesday May 16.
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15 May 2012
Analyst Ed Meir looks at what is moving the metal markets on Tuesday May 15.
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14 May 2012
Investors in mining stocks are beginning to price in the end of the commodity super cycle, analysts at Liberum Capital said in a note on Monday, May 4.
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11 May 2012
Stainless long steel group Schmolz+Bickenbach has set a price of €258 million ($334.1 million) for its bond issue, according to a company statement on Friday May 11.
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11 May 2012
Base metals prices lost ground in official trading on the London Metal Exchange on Friday May 11 as equity markets slid and the dollar rallied.
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08 May 2012
Copper prices finished lower on Tuesday May 8 as a downward trend seen throughout the European session continued as US markets opened.
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08 May 2012
Jindal Steel & Power has bought a 9.25% stake in Apollo Minerals in a move to capitalise on the latter’s Commonwealth Hill iron ore project in South Australia.
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08 May 2012
Hong Kong Exchanges & Clearing (HKEx) reported a 7% decline in net profits for the first quarter of 2012 on Monday May 7, as average daily turnover fell.
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04 May 2012
Copper prices will perform the best of any LME metal this year, according to an electronic poll of attendees at the LME Asia Metals seminar.
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04 May 2012
Brokerage firm London Commodity Brokers (LCB) is in talks with spot iron ore trading platform, the China Beijing International Exchange (CBMX) to become the first broker to take a seat on the exchange, LCB ceo Clive Murray told Metal Bulletin on May 4.
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04 May 2012
The London Metal Exchange is waiting for confirmation on the way value added tax (VAT) will be treated in Taiwan to build its warehouse presence in Asia, ceo Martin Abbott said at the sidelines of the LME Asia Metals seminar.
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04 May 2012
The London Metal Exchange wants to expand its presence in Asia and will be “investing heavily” in the region and adding staff at its Singapore office, chief executive Martin Abbott said at the first LME Asia Metals seminar.
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04 May 2012
The Chicago Mercantile Exchange Group (CME) reported a fall in trading volumes to 10.7 million contracts per day in April 2012, the company said in a press release this week.
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03 May 2012
Jiangxi Copper and other Chinese copper companies plan to export 100,000 tonnes of copper to London Metal Exchange warehouses in South Korea as a result of its need to unwind short positions on the exchange, an official for the Chinese copper producer said.
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02 May 2012
Analyst Ed Meir looks at what is moving the metal markets on Wednesday May 2.
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02 May 2012
Bindura Nickel Corp, which owns the Trojan nickel mine in Zimbabwe, is contemplating a rights issue to fund the restart of the mine – Africa’s only existing integrated nickel mine, smelter and refinery – according to local reports.
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01 May 2012
Copper prices recorded daily gains at the close of trading on Tuesday May 1, rallying in line with US equities after quiet European and Asian sessions.
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01 May 2012
Analysts at Liberum Capital have given Xstrata’s stocks a hold recommendation following the release of the company’s first-quarter production results.
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01 May 2012
Hong Kong Exchanges and Clearing (HKEx) is participating in the bidding process for the London Metal Exchange, the exchange’s board confirmed ahead of a deadline for second-round bids due on May 7.
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01 May 2012
The first shipment of tin from Australian resource company Gippsland Ltd’s Abu Dabbab alluvial project in Egypt will take place in the fourth quarter of its financial year, or the three months ending June 30 this year.
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01 May 2012
Australian exploration firm Legacy Iron Ore has halted trading in its shares ahead of announcing proposed acquisitions of coking and thermal coal projects in Queensland, the company said in a filing to the Australian Stock Exchange on Tuesday May 1.
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01 May 2012
Xstrata’s ferro-nickel, mined nickel and lead production volumes all rose in the first quarter of 2012 from the corresponding period last year, as mined copper output fell, the company said.
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April 2012
30 April 2012
Australian miner Kagara Mining has appointed administrators from Taylor Woodings to identify all options for the company, the miner said on Monday April 30.
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30 April 2012
Will the 20% of outright three-month business that has recently been done on the London Metal Exchange during the Asian day soon look relatively minuscule?
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30 April 2012
The price of bauxite, the raw material for aluminium, is set to surge as the market undergoes a similar journey to that of iron ore, according to bauxite junior miner Alufer, which plans to list on London’s Alternative Investment Market in mid-May.
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27 April 2012
Growing deregulation will lead to an explosion of interest in global commodity markets from small and medium-sized companies in China and will facilitate western companies’ access to liquidity from the country that is the world's largest consumer of metals.
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26 April 2012
The London Metal Exchange is not close to getting an approved warehouse in China, and last discussed the subject with China’s financial regulators more than two years ago, the LME’s Asia md Liz Milan told Metal Bulletin.
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26 April 2012
Analysts at RBC Capital Markets have issued an outperform recommendation for mid-tier copper miner Inmet, as the $169 million sale of a 20% stake in its Minera Panama operation to Korean Panama Mining Corp (KPMC) closes.
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26 April 2012
Business conducted on the London Metal Exchange by brokers for their clients in Asia has grown by 15-20% annually in recent years, Marex Spectron md Gavin Prentice estimated.
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25 April 2012
China Zhongsheng Resources, an iron ore miner in Shandong province, will debut on the Hong Kong stock exchange on Friday, with an initial public offering (IPO) to raise up to HK$197 million ($25.4 million).
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20 April 2012
Bauxite junior Alufer Mining is planning to become the first bauxite-only company to list on the Alternative Investment Market (AIM) of the London Stock Exchange in the next four weeks, to fund the start-up of its Bel Air bauxite project in Guinea.
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19 April 2012
Freeport-McMoRan Copper & Gold sold 827 million lb (375,100 tonnes) of copper in the first quarter of 2012, down 10.7% year-on-year after labour disruptions at its Grasberg mine in Indonesia.
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17 April 2012
Analyst Ed Meir looks at what is moving the metal markets on Tuesday April 17.
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13 April 2012
Rising costs of production will mean tin prices are likely to hold above $20,000 per tonne on the London Metal Exchange, according to analysts at Credit Suisse.
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12 April 2012
BHP Billiton will see a stronger third quarter in 2012 in terms of copper production as throughput at Escondida increases, according to analysts at RBC Capital Markets.
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12 April 2012
The London FTSE all-share mining index has taken a beating in the opening weeks of the second quarter, following an improved performance in the first quarter, analysts at Westhouse Securities said in a morning note.
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11 April 2012
First Quantum Minerals is at the centre of new takeover speculation, as market participants say at least three of the big five mining and metals companies could be interested.
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10 April 2012
Ezz Steel saw earnings rise 1.5% in the fourth quarter of 2011, Metal Bulletin calculations show, despite a fall in net sales against the same period the previous year.
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04 April 2012
Shareholders of Mexico-focused copper explorer-developer Baja Mining have voted to keep the company’s board unchanged following a proxy contest during a special meeting, held during business hours in Canada on April 3.
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03 April 2012
Analyst Ed Meir looks at what is moving the metal markets on Tuesday April 3.
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03 April 2012
The government of Mozambique has tasked a team of officials with investigating how the government can benefit from the sale of mining shares.