December 2010

Technical buying drives Cu to new record in LME officials

Copper reached another record high in Friday’s official session on the London Metal Exchange, as technical buying continued to drive up prices in a market absent of any real sellers.

LME Cu trades to record high above $9,600/T in pre-market

Copper traded in excess of $9,600 per tonne for the first time on the London Metal Exchange on Friday as funds bought amid supply concerns for 2011

LME copper stays above $9,500, SHFE still at 3-yr high

Copper stayed above $9,500 per tonne in Asian morning trading on Friday, while Shanghai copper edged closer to an all-time high.

China aluminium production shifts to northwest

Three provinces in China's northwest region are likely to account for nearly one fifth of aluminium production this year, and more than half of all new capacity planned for next year.

(AMM) Alcoa names Keith Walton to government affairs post

Alcoa Inc. has appointed Keith Walton vice president of governmental affairs, effective Jan. 4.

Cu settles above $9,500 per tonne in LME officials

Copper settled above $9,500 per tonne for the first time in its history on the London Metal Exchange in Thursday’s official session, as systematic computer trading ensured healthy buying activity even as the market remains quiet over the holiday period.

Norilsk denies Glencore bid for 8% stake

Norilsk Nickel has rejected suggestions that Glencore made a bid for the 8% stake in the nickel miner that was subsequently sold to rival trader Trafigura.

Al stocks total 2.37m tonnes in November, says IAI

Aluminium stocks totalled 2.37 million tonnes in November, according to the latest statistics from the International Aluminium Institute (IAI).

Talco, Noble, Det.AL sign pact to restart alumina production at Gyanjinskiy

Tajik Aluminium Co (Talco), Noble Resources and Azerbaijani company Det.AL have agreed to restart alumina production at the Gyanjinskiy plant in Azerbaijan after they signed an agreement earlier this week

BlackRock boosts stake in Brady

BlackRock’s has boosted its stake in UK-based software maker Brady to more than 6%