December 2014

LME OFFICIALS: Base metals prices make minor gains; end year on sour note

Base metals prices saw some increases day-on-day during the official session on the London Metal Exchange as 2014 drew to a close, but remained generally subdued, on poor Chinese PMI figures and continuing low oil prices.

Shanghai copper rises in last session of 2014

Shanghai Futures Exchange (SHFE) copper prices rose on Wednesday December 31 in thin trading as investors left the market in the last session of 2014.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME ASIAN WRAP: Copper firms after fall on weak China data

Copper prices on the London Metal Exchange recovered some of their losses in muted trading on Wednesday December 31 despite key Chinese data showing a slowdown in the economy.

ASIAN MORNING BRIEF: Key stories on December 30

Good morning from Metal Bulletin's London offices, bringing you the key moves and price moves at the start of the Asian day.

CLOSE TO CLOSE: Copper prices inch back above $6,300

Copper prices rallied back above $6,300 per tonne in kerb trading on the London Metal Exchange on Tuesday December 30, as a modest rise in the euro provided support.

LME OFFICIALS: Copper prices drift as weak macro conditions persist

London Metal Exchange copper prices fell below their opening levels of $6,290 per tonne as trading progressed in Europe on Tuesday December 30, as weak macro cues weighed on the near-term outlook for the red metal.

US industry bodies file new brief in conflict minerals reporting rule case

The US Chamber of Commerce, National Association of Manufacturers and Business Roundtable have said the conflict minerals reporting rule under the Dodd-Frank act “conveys an ideological and moral judgment rather than pure factual information” in a filing with a US court.

Inner Mongolia to ban additional aluminium capacity

Inner Mongolia's local government will not approve any new aluminium or steel projects, according to a statement by the regional government.

Chinese copper smelter halts production after financial constraints

Chinese copper smelter Yantai Penghui has stopped production and told at least some workers to stay at home, amid concerns about financial problems, market sources in China said.