December 2012

Shanghai Futures Exchange launches metals index

The Shanghai Futures Exchange started publishing a non-ferrous metals index on Wednesday, as the bourse paved the way for commodity index investment products.

Shanghai copper up as optimism over govt’s urbanisation plans persists

Shanghai Futures Exchange copper prices were up on Thursday December 27, as the mood remained upbeat over hopes of government-led investments.

LORD COPPER: The year that was …

The metal industry's year was dominated by two big takeovers.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

BHP Billiton still in wage talks with workers at Escondida mine in Chile

BHP Billiton is currently in negotiations with workers at Escondida, with a formal vote on the wage agreement yet to take place, a company spokeswoman told Metal Bulletin on Thursday, December 27.

REVIEW: How 70,000 tonnes of copper rebalanced a 20m-tonne market

Headline prices might not show it, but there were some tectonic shifts in the copper market in 2012.

FORECAST: Zinc and lead producers to enjoy stronger premiums in 2013

Zinc and lead producers will enjoy stronger premiums on contract business with European clients in 2013, while spot terms may also improve amid demand from physical and financial buyers, sources told Metal Bulletin.

FORECAST: Only the bold and the beautiful will survive

For mining companies, the funding market has been tough in 2012. The equity markets are all but closed. Private equity is still available but only to a select few. Debt finance is becoming more and more difficult to find.

LME ASIAN WRAP: Copper rises to one-week high on positive China data, uncertainty in Chile

Copper on the London Metal Exchange rose to a one-week high in early Asian trading on Thursday December 27 on positive data from China and labour dispute in Chile’s Escondida copper mine.

REVIEW: Warehouse wars – put up or shut up

Warehousing has always been competitive, but that sibling rivalry has turned into a full scale war within the metals community.