October 2012

MEIR ON METALS: US markets dig out of a mess, metals quietly higher

Analyst Ed Meir looks at what is moving the metal markets on Wednesday October 31.

LME OFFICIALS: Base metals prices steady on positive Asian news, US storm

Base metals prices were relatively steady during the official session on the London Metal Exchange on Wednesday October 31, as reports emerged that economies in Asia are showing signs of improvement.

ASIAN BAUXITE & ALUMINA: Time is right to accelerate alumina plant construction – Antam

It is the right time for Indonesia’s largest bauxite miner – PT Antam – to accelerate the development of processing plants for alumina, in light of the upcoming mineral export ban in 2014, a company official said.

Chalco losses continue in Q3 on lower prices, increased costs

Aluminium Corp of China (Chalco), the country’s largest producer of the light metal, continued to be loss-making in the third quarter of 2012, on lower metals prices and rising costs.

Shanghai copper prices recover after 2-day decline

Copper prices on the Shanghai Futures Exchange (SHFE) reversed losses from the past two sessions on Wednesday October 31 on improved sentiment.

Brazil led the world in aluminium can recycling in 2011

Brazil led the world in aluminium can recycling in 2011, with 98.3% of cans recycled by the industry.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

Some US East Coast ports still closed in aftermath of Hurricane Sandy

Some major metal-handling ports along the US East Coast remained closed on Tuesday October 30 as the impact of superstorm Sandy continued to be felt.

LME ASIAN WRAP: Copper prices climb after PBOC cash injection

London Metal Exchange copper prices continued to edge up in early Asian trading on Wednesday October 31, after China’s central bank eased liquidity.

ASIAN BAUXITE & ALUMINA: Spot alumina prices to remain relatively high – ANZ

Spot alumina prices are “going to remain comparatively high going forward”, Nick Trevethan, senior commodities strategist at ANZ bank, told delegates at the 2nd Asian Bauxite & Alumina conference in Singapore on Tuesday October 30.