February 2012

Resource tax change adds to China's iron ore costs

Higher resource taxes on iron ore will add an average of around 10 yuan per tonne to the cost of domestic concentrate, industry sources said.

US spot aluminum premiums trek higher

Midwest spot aluminum premiums continued to climb this week due to the ongoing contango on the London Metal Exchange, wait times in warehouses and steady demand.

CLOSE TO CLOSE: Copper prices rally in LME kerb, tin starts to unwind

Copper pared losses in kerb trading on the London Metal Exchange on Thursday, rallying as the euro improved against the dollar.

LME three-month billet prices unchanged on Thursday

The London Metal Exchange’s three-month official billet price remained unchanged on Thursday February 16.

MEIR ON METALS: Greek unease weighs on the euro and on commodities

Analyst Ed Meir looks at what is moving the metals markets on Thursday February 16.

Copper prices follow euro in LME officials

Copper prices were close to intraday lows in official trading on the London Metal Exchange on Thursday as the market pulled back while Greek bailout progress stalled.

Copper sinks in LME pre-market on Greece concerns, ‘natural pull-back’

Copper prices retreated below $8,250 per tonne in pre-market trading on the London Metal Exchange on Thursday February 16 as opposition to a Greek bailout hardened in Europe.

CHINA STEEL WRAP: Steel prices in the north rebound while prices in the south fall

Steel prices continued falling in China’s southern markets on Thursday February 16 while prices in the northern markets edged up as traders anticipated the latest set of prices from Hebei Steel.

Copper shipments to Shanghai underscore weak US demand

A trend in copper leaving U.S. warehouses for Asia is seen as further evidence of low U.S. spot market demand, traders told AMM.

CLOSE TO CLOSE: Copper prices unwind in LME kerb

Copper prices continued their descent in Wednesday’s kerb trading on the London Metal Exchange after encouraging news from China gave way to continued economic nerves after US industrial data fell short of forecasts.