November 2012

US consumers have stopped buying spot copper, say traders

Copper consumers have stopped buying spot material for the year and few long-term orders have been placed for 2013, according to traders.

European secondary Al price flat as producers consider margins

European secondary aluminium prices stayed flat on Friday November 30 after finding a floor last week, and producers fear margins will erode further after better London Metal Exchange aluminium prices this week could put upward pressure on scrap prices.

MEIR ON METALS: Metals prices higher ahead of weekend Chinese data; fiscal talks grind on

Analyst Ed Meir looks at what is moving the metal markets on Friday November 30.

Trade log week of November 26: Aluminium [Updated November 27, 28, 29, 30]

Latest transactions and assessments in aluminium for week commencing November 26. All prices in warehouse, unless otherwise stated.

LME OFFICIALS: Base metals prices up on Japanese stimulus news, year-end optimism

Base metals prices rose still further on Friday November 30 on stimulus news from Japan, an analyst said in a note.

HOTLINE: Norilsk named Metallurgical Company of the Year in Russia

Norilsk Nickel has been dubbed the company of the year in Russia in the “metallurgy” category, the company said.

Shanghai copper prices up on hint of improving US, Europe outlook

Copper prices on the Shanghai Futures Exchange rallied strongly on Friday November 30 as good news trickled in from the US and Europe.

Xstrata´s Antapaccay mine starts producing copper in Peru

The first commercial grade copper from Xstrata’s Antapaccay mine in Southern Peru has been delivered to Maratani Port for export, the company said.

MB-CESCO 8TH ASIA COPPER CONF: Restrictions limit LME operations in China, says Abbott

Restrictions on the number of companies allowed to trade on overseas exchanges is preventing the London Metal Exchange from operating fully in China, ceo Martin Abbott said on Thursday November 29.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*