December 2012

Sims revises fiscal H1 earnings, further declines expected

Sims Metal Management has revised its earnings forecast for the first half of its fiscal year, indicating a further decline.

Newedge promotes Barrowcliff among other senior appointments

Newedge has promoted Peter Barrowcliff to global head of base metals and made three other senior appointments, the company announced on Wednesday December 19.

Producer sentiment lifts in UK secondary aluminium market

UK secondary aluminium ingot prices remained unchanged on Wednesday December 19, but producer sentiment improved following indications of better prices in Europe.

MEIR ON METALS: Metals sell off as other markets struggle; US talks drag on

Analyst Ed Meir looks at what is moving the metal markets on Wednesday December 19.

LME OFFICIALS: Base metals prices go each way in official session

Base metals lack any real direction on the London Metal Exchange as the year winds down, with three of the metals settling above their opening prices in official trading on Wednesday December 19 and three falling lower.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China:

BRAZILIAN NON-FERROUS EXPORTS: NOVEMBER 2012

The Brazilian trade ministry has released figures on the country´s non-ferrous exports in November.

BRAZIL EXPORTS NOVEMBER 2012: Bauxite up by 45%

Brazil’s bauxite export volumes increased 45% year-on-year in November, according to information from the Brazilian trade ministry.

LME ASIAN WRAP: Copper prices slide after LME open positions dive

Copper prices on the London Metal Exchange fell in early Asian trading on Wednesday December 19 as market participants mulled a sharp reduction in open positions and a continuous slip in the dollar index.

CLOSE TO CLOSE: LME base metals in tight ranges in kerb

Copper was the only base metal to close below its official price in kerb trading on the London Metal Exchange on Tuesday December 18, as prices stayed in tight ranges with little to push the market either way.