July 2012

Pacorini offers incentives for mills to deliver nickel

Warehousing company Pacorini is offering financial incentives through brokers to some stainless steel mills to return unwanted nickel allocations into its London Metal Exchange-bonded warehouses in Vlissingen, market sources told Metal Bulletin.

LORD COPPER: Carrying the exchange forward after historic vote

The vote by LME members to approve the bid from HKEx means that, by the end of the year, the London exchange will no longer exist as an independent organisation. The pressure is on, therefore, to make the merger work

Spot 63.5% Fe iron ore prices down further to $125-126 per tonne cfr

China's imported iron ore prices fell by $1-2 on Wednesday July 25 on a bearish market.

CHINA STEEL WRAP: Production cuts offer some relief to market

Chinese steelmakers’ production cuts brought some relief to the spot steel market, with hot rolled coil prices (HRC) in Beijing rising for the first time in 28 days on Wednesday July 25.

LME shareholders approve £1.39bn HKEx deal

London Metal Exchange shareholders have voted overwhelmingly to sell the world's largest metal market to Hong Kong Exchanges and Clearing (HKEx) for £1.39 billion ($2.09 billion).

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China

Shanghai copper prices drop further on market anxiety

Shanghai Futures Exchange copper prices fell for a third day on Wednesday July 25, as the market remained depressed amid an ailing economic environment.

LME ASIAN WRAP: Stronger dollar puts pressure on copper price

Copper prices on the London Metal Exchange stayed in a tight range close to a month-low in early Asian trading on Wednesday, as a stronger dollar threatened further pressure.

Aluminum alloy lead times are shorter: service centers in North America

Lead times for 6000-series aluminum alloys have shortened amid waning demand in North America, according to service center sources.

LORD COPPER: To sell or not to sell?

Well, finally the decision on the sale of the LME is hours rather than weeks away. So what are the issues that will finally dictate the choice shareholders make?