December 2011

Union rejects Rio Tinto Alcan contract

Union workers at Rio Tinto Alcan Inc.’s Alma, Quebec, smelter have rejected the company’s new contract offer to replace the labor agreement that was set to expire Dec. 31.

Copper prices up in LME officials on positive US data

Copper prices rose during official trading on the London Metal Exchange on Friday December 30, buoyed by better-than-expected US housing market data.

LME-approved warehouses will increase rent on aluminium

Warehousing companies approved by the London Metal Exchange will increase the rent they charge clients to store aluminium at their facilities by as much as 6 cents, according to a notice from the exchange on Friday December 30

Shanghai copper down 0.7% w-o-w on stronger dollar, weak buying

Shanghai Futures Exchange copper settled the week 0.7% lower on a stronger dollar.

LME ASIAN WRAP: Copper advances on US optimism

London Metal Exchange copper advanced in the early Asian session on Friday, as better-than-expected economic news from the US encouraged market sentiment.

US aluminum group looks toward sustainability

The Aluminum Association is hoping that 2012 will offer more opportunities to promote recycling and sustainability initiatives while it works through more difficult environmental legislation.

Alcoa promotes Sigurdsson

Alcoa Inc. has appointed Tómas Már Sigurdsson president of its European region and global primary products division effective Jan. 1.

Trade, currency lead US lobbying efforts

Currency manipulation and free trade were at the top of the agenda in the third quarter for metal lobbyists on Capitol Hill, according to disclosures filed with the House of Representatives.

LME lists additional Steinweg warehouses in Rotterdam

The London Metal Exchange has approved the listing of four additional C Steinweg Handelsveem warehouses in Rotterdam, effective immediately, the exchange said on Thursday December 29.

Copper prices down in LME officials

Copper prices inched down during official trading on Thursday December 29 as the year-end slowdown tightened its grip and uneasiness over the future of the eurozone grows.