February 2012

Boeing to add production line for Dreamliner

Boeing Co. will start a new production line for the 787 Dreamliner to ensure that the much-delayed program meets its production targets.

Demand lifts US aluminum billet premium

Aluminum billet premiums have moved above 11 cents on the low end of the range for the first time since last July amid strong demand.

Derivatives loss contributes to plunge in Aleris earnings

Aleris International Inc.’s earnings plunged in the fourth quarter due to a derivatives loss, the economic slowdown in Europe and increasing capital expenditures for projects in Zhenjiang, China, and Duffel, Belgium.

CLOSE TO CLOSE: Base metals prices fall in LME kerb as banks sell euros

Base metals prices fell back in kerb trading on the London Metal Exchange on Wednesday February 29, following a sell-off of the euros lent through the European Central Bank’s long-term refinancing operation (LTRO).

UK supreme court ruling will spread MF Global client money among wider pool

Clients of bankrupt London Metal Exchange brokerage MF Global UK are examining the ruling on Wednesday February 29 by the UK supreme court on who is entitled to a share of the client money pool (CMP) of Lehman Brothers, which went bust in 2008, and the response to it from administrator KPMG in relation to MF Global’s bankruptcy.

Short term setbacks expected for base metals prices

The rally in base metals prices in recent months does not signify a “decisive break higher”, analysts at Swedish merchant bank SEB said in a note.

MEIR ON METALS: Markets remain firm as investors remain comfortable with 'risk-on' trades

Analyst Ed Meir looks at what is moving the metals markets on Wednesday February 29.

Base metals prices rise in LME officials on better sentiment

Base metals all settled above their opening prices in official trading on the London Metal Exchange on Wednesday February 29, after the European Central Bank launched its long-term refinancing operation (LTRO) to a positive reception.

Base metals prices up in LME pre-market on euro strength

Base metals prices improved in pre-market trading on the London Metal Exchange on Wednesday February 29, as prices continued to follow the fortunes of the euro.

Shanghai copper rises to a 2-week high amid relaxed housing policy rumours

Shanghai Futures Exchange copper prices rose to a 2-week high on Wednesday February 29, as rumours that China was easing its housing policy spurred expectation of demand pick up.