December 2012

LME OFFICIALS: Copper prices end year up 4.8%

Copper prices finished the year up 4.8% on an official basis on the London Metal Exchange on Monday December 31, as conflicting signals from China and the USA left prices rangebound on an intraday basis.

Rusal to produce 3m tpy at Guinea’s Dian-Dian bauxite mine by end-2015

Rusal has committed itself to the production of 3 million tpy of bauxite at the Dian-Dian deposit in Guinea within three years, as part of a long-term development agreement struck with the Guinean ministry of mines.

NOTE TO SUBSCRIBERS: No daily newsletters on January 1, 2

Due to public holidays at the start of 2013, Metal Bulletin will not send any of our regular daily newsletters on January 1 or January 2. This includes the Daily Metal, Daily Steel and China Daily newsletters, as well as any daily corporate emails. Normal service will resume on Thursday January 3.

Shanghai copper up on promising Chinese manufacturing data

Shanghai Futures Exchange copper moved up on Monday December 31, on positive manufacturing data from China.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME ASIAN WRAP: Copper inches up as China’s manufacturing registers growth

London Metal Exchange copper edged up in early Asian trading on Monday December 31, on positive data from China though US debt worries capped gains.

MF Global creditors set for earlier, fuller payment after agreement on disputed assets

MF Global UK creditors are set to receive an earlier, fuller repayment of assets from special administrator KPMG, after it settled a dispute with MF Global Inc, the US parent company, over assets held in the UK estate.

LME OFFICIALS: Base metal prices pegged back ahead of frantic fiscal cliff talks

Base metal prices drifted lower in official trading on the London Metal Exchange on Friday December 28, the penultimate day of trading prior to the year-end deadline for US politicians to agree a new federal tax and spending programme.

Shanghai copper up on strong local equities market

Shanghai Futures Exchange copper prices were up on Friday December 28, riding on strong local stocks market.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*