December 2012

LME OFFICIALS: Copper prices end year up 4.8%

Copper prices finished the year up 4.8% on an official basis on the London Metal Exchange on Monday December 31, as conflicting signals from China and the USA left prices rangebound on an intraday basis.

Rusal to produce 3m tpy at Guinea’s Dian-Dian bauxite mine by end-2015

Rusal has committed itself to the production of 3 million tpy of bauxite at the Dian-Dian deposit in Guinea within three years, as part of a long-term development agreement struck with the Guinean ministry of mines.

NOTE TO SUBSCRIBERS: No daily newsletters on January 1, 2

Due to public holidays at the start of 2013, Metal Bulletin will not send any of our regular daily newsletters on January 1 or January 2. This includes the Daily Metal, Daily Steel and China Daily newsletters, as well as any daily corporate emails. Normal service will resume on Thursday January 3.

Shanghai copper up on promising Chinese manufacturing data

Shanghai Futures Exchange copper moved up on Monday December 31, on positive manufacturing data from China.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

DGCX mulls spot gold contract

The Dubai Gold & Commodities Exchange (DGCX) continues to expect high double-digit volume growth rates, cbo Samir Shah told Metal Bulletin.

DGCX sees copper futures contract at average of 3,000 per day in 2013

Dubai Gold & Commodities Exchange (DGCX) wants to grow its copper futures contract volumes to average 3,000 a day in 2013, chief business officer Samir Shah told Metal Bulletin.

LME ASIAN WRAP: Copper inches up as China’s manufacturing registers growth

London Metal Exchange copper edged up in early Asian trading on Monday December 31, on positive data from China though US debt worries capped gains.

MF Global creditors set for earlier, fuller payment after agreement on disputed assets

MF Global UK creditors are set to receive an earlier, fuller repayment of assets from special administrator KPMG, after it settled a dispute with MF Global Inc, the US parent company, over assets held in the UK estate.

Mining minister turns on Oyu Tolgoi concentrator

Turquoise Hill Resources has officially commissioned the concentrator complex at the Oyu Tolgoi copper-gold mine in Mongolia, at a ceremony attended by the country’s mining minister.