December 2014

ASIAN MORNING BRIEF: News and price moves on December 23

Key news and price moves to bring you up to speed on Wednesday December 24.

HOTLINE: LME doubles fines for ring-dealing offences

From January 5, the London Metal Exchange will increase by at least 100% the fines its ring disciplinary committee can impose for dealing offences seen during open outcry trading.

LME OFFICIALS: Copper prices slip on stop-loss selling; China concerns

Copper prices slipped during official trading on the London Metal Exchange on Tuesday December 23, on stop-loss selling and concerns that slowing Chinese growth could hit demand.

METAL BULLETIN DAILY PDFs: UK Christmas holiday break

Due to the UK Christmas and New Year holidays, the final downloadable daily PDF of 2014 will be available on Wednesday December 24. After that, the next daily PDF will be downloadable on Tuesday January 6.

HOTLINE: Ten things we didn’t expect to happen in 2014

Hotline takes a look back at the jaw-dropping moments of 2014.

Shanghai copper falls to track oil amid concern over China outlook

Shanghai Futures Exchange copper prices fell on Tuesday December 23 as the red metal weakened along with crude oil prices amid concerns over China’s economic outlook.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

China bismuth exports halved over exchange uncertainty

The official investigation into the Fanya Metal Exchange and high prices contributed to a 48% year-on-year fall in Chinese bismuth exports in November.

LME ASIAN WRAP: Copper slightly higher ahead of US GDP

London Metal Exchange copper traded marginally higher on Tuesday December 23 ahead of the release of US GDP figures.

HOTTER ON METALS: Who are the Reuben Brothers?

Just five years shy of entering the world of London Metal Exchange warehousing ownership, Goldman Sachs has sold the business to former titans of the aluminium industry.