May 2013

MB’s NEXT 100: The major importance of minor metals

As part of Metal Bulletin’s Next 100 series of articles looking at the future of the metals and mining industries, Anthony Lipmann, md of Lipmann Walton & Co, ponders the future for minor metals.

MILLING ABOUT: LME appoints regulation and compliance director

The London Metal Exchange has appointed Nick Ong-Seng as executive director of regulation and compliance.

LME OFFICIALS: Base metals prices rise as month-end approaches

Base metals rose in official trading on the London Metal Exchange on Thursday May 30, as buying improved ahead of the month-end in the absence of any driving economic data releases.

Chinese indium prices jump on purchasing for bourse delivery

China’s indium prices rose rapidly this week, as investors continued to buy for exchange delivery purposes, according to delegates at the 2013 China Indium Forum.

Shanghai copper price retreats on gloomy growth prospects

The Shanghai Futures Exchange copper price fell on Thursday May 30 as a weak growth forecast for China dented confidence.

CME Group mulls sale of Nymex building

CME Group is planning to sell the building that houses the New York Mercantile Exchange (Nymex) and the exchange’s trading floor.

LME ASIAN WRAP: Copper price range-bound as demand concerns mount

London Metal Exchange copper price moved in a narrow range on Thursday May 30, as investors remained wary with the peak demand season for copper in China nearing an end.

CLOSE TO CLOSE: Base metals up in kerb as euro rallies

Base metals traded up slightly in kerb trading on the London Metal Exchange on Wednesday May 29, as the euro rebounded against the dollar.

LME BILLET REPORT: 3-month contract, cash prices both slip

The London Metal Exchange’s three-month steel billet contract price widened to $150-170 per tonne on Wednesday May 29, from $160-170 per tonne on Tuesday.

IRON ORE DERIVATIVES WRAP: OTC values slump on falling physical market

Iron ore swaps slumped on Wednesday May 29 amid bearish sentiment and panic selling in the physical market.