December 2012

Base metals drift sideways throughout 2012; tin is surprise gainer – Credit Suisse

There has been little direction in base metals prices during 2012 as volatility fell and the major markets saw less movement, according to analysts at Credit Suisse.

COMMENT: 2012 was defined by one deal

It was small in comparison to the $33-billion agreement by which Glencore and Xstrata promised to merge (though ultimately that deal looked more like a Glencore takeover), but 2012 was defined in the metal markets by the takeover of a western exchange by an Asian one.

IRON ORE DERIVATIVES WRAP: Pre-holiday lull sees volumes fall back

The OTC iron ore market saw volumes fall back on Thursday December 20, as participants stepped out of the market ahead of the Christmas holidays.

CLOSE TO CLOSE: Buying spate reverses earlier price losses in LME kerb

Base metals closed strongly on the London Metal Exchange on Thursday December 20, with good consumer buying reversing earlier losses.

Lilley, Coughlan join Traderight board

Traderight has hired Red Kite metals veterans David Lilley and Paul Coughlan to its board as it prepares an application for category II membership of the London Metal Exchange.

MEIR ON METALS: Metals sell off as fiscal cliff talks sour

Analyst Ed Meir looks at what is moving the metal markets on Thursday December 20.

LME OFFICIALS: Fiscal cliff concerns see base metals fall in officials

Base metals prices fell throughout early trading on the London Metal Exchange on Thursday December 20, with all metals settling below their opening prices in the official session on worries regarding the fiscal cliff negotiations in the USA.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

2013, a shakeout year for brokers

How many commodities brokerage and metal trading desks will be left standing within a year?

IRON ORE DERIVATIVES WRAP: Swaps prices push up on choppy physical trade

Iron ore swaps prices pushed higher on Wednesday December 19 after posting losses on Tuesday, following index prices higher.