December 2012

LME ASIAN WRAP: Copper prices inch up as investors keep eye on fiscal cliff talks

Copper prices on the London Metal Exchange edged up in muted Asian trading on Friday December 28 as investors kept an eye on US tax and spending negotiations.

Shanghai Futures Exchange plans to open to foreign investors in five years

Shanghai Futures Exchange plans to open up to foreign investors in the next five years, according to chairman Yang Maijun.

Fiscal cliff will trump base metal market drivers – Barcap

A solution to the looming ‘fiscal cliff’ situation in the USA will raise London Metal Exchange base metals prices even against increasingly weak fundamentals, analysts at Barclays Capital said.

LME OFFICIALS: Base metals inch higher as holidays, fiscal cliff keep volumes down

Base metals edged higher in the official session on the London Metal Exchange on Thursday December 27, while trading remained shackled by uncertainty over the US fiscal cliff.

Alcoa signs long-term supply agreement with Siemens Energy

Alcoa has signed a long-term agreement to supply parts for gas turbines to Siemens Energy, a leading supplier of the turbines to the energy industry, it said on December 20.

Shanghai Futures Exchange launches metals index

The Shanghai Futures Exchange started publishing a non-ferrous metals index on Wednesday, as the bourse paved the way for commodity index investment products.

Shanghai copper up as optimism over govt’s urbanisation plans persists

Shanghai Futures Exchange copper prices were up on Thursday December 27, as the mood remained upbeat over hopes of government-led investments.

LORD COPPER: The year that was …

The metal industry's year was dominated by two big takeovers.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME ASIAN WRAP: Copper rises to one-week high on positive China data, uncertainty in Chile

Copper on the London Metal Exchange rose to a one-week high in early Asian trading on Thursday December 27 on positive data from China and labour dispute in Chile’s Escondida copper mine.