October 2012

LME OFFICIALS: Copper prices static as Sandy closes US markets

Copper prices were flat in official trading on the London Metal Exchange on Tuesday October 30, following Barack Obama's declaration of a major disaster in New York after super-storm Sandy surged through the state.

Shanghai copper prices slide on limited demand

Copper prices on the Shanghai Futures Exchange (SHFE) fell on Tuesday, as the market continued to focus on uncertain demand in China.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China

LME ASIAN WRAP: Copper prices stage minor rebound, investors still cautious

London Metal Exchange copper prices inched up in early Asian trading on Tuesday October 30, after consecutive losses saw a small technical rebound.

ANDREA HOTTER: Politics, not weather, key to metals prices outlook

Metals prices are sliding lower as Hurricane Sandy continues on its course to batter the east coast of the United States, but this weakness has less to do with the weather and more to do with politics.

CLOSE TO CLOSE: Base metals prices weaken with equities, euro

Base metals prices lost ground in kerb trading on the London Metal Exchange on Monday October 29, as equities and the euro weakened.

Antwerp copper stocks increase 9%; more zinc and lead arrives

London Metal Exchange stocks of copper, zinc and lead leapt on Monday October 29, as nearly 70,000 tonnes of metal was put on warrant in Antwerp.

IRON ORE DERIVATIVES WRAP: OTC iron ore volumes fall back, prices hold

The OTC iron ore market saw volumes fall back on Monday October 29, with market participants based on the east coast of the USA out of the market, due to the imminent arrival of the potentially disastrous Hurricane Sandy.

LME BILLET REPORT: 3-month, cash prices unchanged while stocks fall

The London Metal Exchange’s three-month steel billet contract remained at $350-360 on Monday October 29, unchanged from Friday.

ASIAN MINING INDABA: Copper surplus of 300,000 tonnes in 2013 – Credit Suisse

A copper surplus of 300,000 tonnes is expected in 2013 by Credit Suisse, head of base metals and bulks research, Andrew Shaw, told delegates at the Asian Mining Indaba conference in Singapore on Monday October 29.