December 2012

Trade log week of December 17: Aluminium [Updated December 18, 19, 20, 21]

Latest transactions and assessments in aluminium for week commencing December 17. All prices in warehouse, unless otherwise stated.

COMMENT: 2012 was defined by one deal

It was small in comparison to the $33-billion agreement by which Glencore and Xstrata promised to merge (though ultimately that deal looked more like a Glencore takeover), but 2012 was defined in the metal markets by the takeover of a western exchange by an Asian one.

CLOSE TO CLOSE: Buying spate reverses earlier price losses in LME kerb

Base metals closed strongly on the London Metal Exchange on Thursday December 20, with good consumer buying reversing earlier losses.

Lilley, Coughlan join Traderight board

Traderight has hired Red Kite metals veterans David Lilley and Paul Coughlan to its board as it prepares an application for category II membership of the London Metal Exchange.

MEIR ON METALS: Metals sell off as fiscal cliff talks sour

Analyst Ed Meir looks at what is moving the metal markets on Thursday December 20.

LME OFFICIALS: Fiscal cliff concerns see base metals fall in officials

Base metals prices fell throughout early trading on the London Metal Exchange on Thursday December 20, with all metals settling below their opening prices in the official session on worries regarding the fiscal cliff negotiations in the USA.

Shanghai copper down as US fiscal cliff talks derail

Shanghai Futures Exchange copper prices fell on Thursday December 20, as uncertainty over US tax and budget negotiations weighed on sentiment.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

2013, a shakeout year for brokers

How many commodities brokerage and metal trading desks will be left standing within a year?

LME ASIAN WRAP: Copper price falls below $7,900 as US housing starts decline

Copper prices on the London Metal Exchange fell below $7,900 per tonne in early Asian trading on Thursday December 20 on disappointing US data.