December 2012

LME ASIAN WRAP: Copper rangebound ahead of Fiscal cliff decision

Copper prices on the London Metal Exchange were rangebound in muted trading on Monday, as investors took a wait-and-see approach to the US fiscal cliff resolution and many participants were out due to holiday season.

REVIEW: European aluminium sellers finally believe in high premiums

There is far more confidence in the high aluminium premiums among sellers as the year ends than there was 12 months ago, and buying aluminium in January will likely be as tough as at any point in 2012.

European secondary aluminium ingot prices rise again, but scrap rise saps margins

European secondary aluminium ingot prices edged higher on Friday December 21 after good buying volumes over the past two weeks, but strong increases in scrap prices saw producer margins shrink.

LME OFFICIALS: Base metals prices in tight ranges

Base metals remained locked within tight ranges in official trading on the London Metal Exchange on Friday December 21, with all but tin edging lower than their opening prices by the close of the session.

Rio Tinto ordered to drop aluminium smelter licensing link

Rio Tinto Alcan has been ordered to stop insisting that companies licensing its Aluminium Pechiney smelting technology must also buy pot-tending assembly handling equipment from its subsidiary, Electrification Charpente Levage.

METAL BULLETIN DAILY PDFs & WEEKLY: UK Christmas holiday break

Due to the UK Christmas and New Year holidays, the final downloadable Daily PDF of 2012 will be available on Monday December 24. The first Daily PDF of 2013 will appear on the Metal Bulletin website on Thursday January 3. The last Weekly issue of 2012 is published on Monday December 24, and the first Weekly of 2013 is published on Monday January 7.

OUTLOOK: Hunger for aluminium financing deals and rising premiums

Banks and financial institutions are still hungry to seal warehouse financing deals, which will keep physical aluminium tight and Asian premiums near current levels or higher in 2013, market participants said.

FORECAST: Why China-led metals bull run might be over

Could the China-led bull run in metals, which has spanned the past decade, be over?

Shanghai copper prices extend losses on risk aversion

Shanghai Futures Exchange copper prices dipped again on Friday December 21 on year-end liquidation and US fiscal talks anxiety.

China’s copper exports climb for third month in November

China’s refined copper exports climbed for a third consecutive month in November, as Chinese smelters were said to have increased sales of toll-rolled copper after a tax cancellation and an improved export arbitrage.