August 2012

Glencore eyeing Alcoa’s Italian smelter

Glencore International Plc is interested in buying Alcoa Inc.’s 150,000-tpy smelter in Portovesme, Italy, Metal Bulletin's sister publication AMM understands.

Shareholder revolt threatens to kill off Glencore-Xstrata merger

The future of the proposed merger of mining titans Glencore and Xstrata was on a knife edge on Friday August 31, after a week of revolt from major shareholders.

MEIR ON METALS: Markets wait on Bernanke

Analyst Ed Meir looks at what is moving the metal markets on Friday August 31.

LME OFFICIALS: Copper prices drift as market braces for Jackson Hole

Copper prices settled lower in official trading on the London Metal Exchange on Friday August 3,1 as positions were closed out ahead of a speech to be given by Ben Bernanke at an annual meeting of central bankers in Jackson Hole, Wyoming, later in the day.

Shanghai copper prices inch up ahead of Bernanke speech

Shanghai Futures Exchange copper prices traded in a narrow range on Friday August 31 as market focus remains on today’s annual central bankers meeting.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China

LME ASIAN WRAP: Copper edges up; Jackson Hole meeting in focus

Copper prices on the London Metal Exchange rose in early Asian trading on Friday August 31 as the meeting of central bankers at Jackson Hole later in the day stayed in the limelight.

Aluminium billet mating season enters full swing

Aluminium billet contract discussions are in full swing in the USA, with producers saying consumers are anxious to lock up next year’s metal.

CLOSE TO CLOSE: Dollar strength sees prices fall in LME kerb

Base metals fell back in kerb trading on the London Metal Exchange on Thursday August 30, as dollar strength countered early gains after positive comments from Chinese premier Wen Jiabao.

High aluminium premiums will last through H1, drive contract talks in Moscow

The huge premium-to-price ratio in the aluminium market will persist at least until the second half of 2013, and will be the chief issue surrounding contract discussions over the coming months, United Co Rusal first deputy ceo Vladislav Soloviev told Metal Bulletin.