December 2012

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*

LME ASIAN WRAP: Copper prices inch up as investors keep eye on fiscal cliff talks

Copper prices on the London Metal Exchange edged up in muted Asian trading on Friday December 28 as investors kept an eye on US tax and spending negotiations.

Shanghai Futures Exchange plans to open to foreign investors in five years

Shanghai Futures Exchange plans to open up to foreign investors in the next five years, according to chairman Yang Maijun.

LORD COPPER: The year to come...

Having reviewed 2012 in a separate, previously published piece, it is time for me to make a couple of predictions.

Fiscal cliff will trump base metal market drivers – Barcap

A solution to the looming ‘fiscal cliff’ situation in the USA will raise London Metal Exchange base metals prices even against increasingly weak fundamentals, analysts at Barclays Capital said.

January alloy surcharges in Europe up more than $75 per tonne on higher nickel prices

The first alloy surcharges for January by European stainless mills show a rise of more than €57 ($75) per tonne, according to two major mills on Thursday December 27.

LME OFFICIALS: Base metals inch higher as holidays, fiscal cliff keep volumes down

Base metals edged higher in the official session on the London Metal Exchange on Thursday December 27, while trading remained shackled by uncertainty over the US fiscal cliff.

Alcoa signs long-term supply agreement with Siemens Energy

Alcoa has signed a long-term agreement to supply parts for gas turbines to Siemens Energy, a leading supplier of the turbines to the energy industry, it said on December 20.