December 2014

LME ASIAN WRAP: Copper slightly higher ahead of US GDP

London Metal Exchange copper traded marginally higher on Tuesday December 23 ahead of the release of US GDP figures.

HOTTER ON METALS: Who are the Reuben Brothers?

Just five years shy of entering the world of London Metal Exchange warehousing ownership, Goldman Sachs has sold the business to former titans of the aluminium industry.

Goldman Sachs sells Metro to Reuben Brothers

Goldman Sachs has completed the sale of its London Metal Exchange warehouse unit Metro International Trade Services to a subsidiary of the Reuben Brothers, formerly one of the world’s largest aluminium producers through Trans-World Metals.

LME OFFICIALS: Slow trading brings China arb into focus

Base metals prices were rangebound on a lack of volume in official trading on the London Metal Exchange on Monday December 22, with small dips in copper prices almost offering positive arbitrage with Chinese prices.

RTA will keep Arvida smelter running in 2015

Rio Tinto Alcan (RTA) will keep its Arvida aluminium smelter in Quebec, Canada, operating at full capacity in 2015 after reaching an agreement with local government, it said on Friday December 19.

China alumina imports fall by 41% in November

China’s alumina imports fell by 40.9% year-on-year in November, latest customs data showed.

Ma’aden produces first alumina from domestic bauxite

Saudi Arabian Mining Co's (Ma'aden) joint venture aluminium project with Alcoa has produced its first alumina from domestic bauxite, it said on Sunday December 21.

REVIEW OF 2014: Aluminium – Ford’s horizon buster

If the next decade goes the way of the aluminium producers, then 2014 will have been the start of a revolution in automotive manufacturing that will see the light metal take huge gouges out of steel’s share of the automotive body sheet market.

FACTS: China's base metal imports in November

A summary of China’s base metal imports figures for November.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*