December 2012

LME OFFICIALS: Copper prices end year up 4.8%

Copper prices finished the year up 4.8% on an official basis on the London Metal Exchange on Monday December 31, as conflicting signals from China and the USA left prices rangebound on an intraday basis.

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Shanghai copper up on promising Chinese manufacturing data

Shanghai Futures Exchange copper moved up on Monday December 31, on positive manufacturing data from China.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

DGCX mulls spot gold contract

The Dubai Gold & Commodities Exchange (DGCX) continues to expect high double-digit volume growth rates, cbo Samir Shah told Metal Bulletin.

DGCX sees copper futures contract at average of 3,000 per day in 2013

Dubai Gold & Commodities Exchange (DGCX) wants to grow its copper futures contract volumes to average 3,000 a day in 2013, chief business officer Samir Shah told Metal Bulletin.

LME ASIAN WRAP: Copper inches up as China’s manufacturing registers growth

London Metal Exchange copper edged up in early Asian trading on Monday December 31, on positive data from China though US debt worries capped gains.

MF Global creditors set for earlier, fuller payment after agreement on disputed assets

MF Global UK creditors are set to receive an earlier, fuller repayment of assets from special administrator KPMG, after it settled a dispute with MF Global Inc, the US parent company, over assets held in the UK estate.

LME OFFICIALS: Base metal prices pegged back ahead of frantic fiscal cliff talks

Base metal prices drifted lower in official trading on the London Metal Exchange on Friday December 28, the penultimate day of trading prior to the year-end deadline for US politicians to agree a new federal tax and spending programme.

IRON ORE DERIVATIVES WRAP: OTC prices edge back up

The iron ore swaps market saw prices edge back up on Friday December 28, after the physical market hit a seven-month high.