January 2012

LME steel billet prices edge lower as bid/offer spread tightens

Prices of concluded trades on the London Metal Exchange steel billet contract edged lower for a second consecutive day on Tuesday January 31.

CLOSE TO CLOSE: Base metals prices fall in LME kerb as rally crumbles

Base metals fell back in kerb trading on the London Metal Exchange on Tuesday January 31, with all but tin closing below their opening price, as the market lost faith in the rally seen in base metals since the start of the year.

MEIR ON METALS: Markets quiet as European developments are taken in

Analyst Ed Meir looks at what is moving the metals markets on Tuesday January 31.

Afferro shareholders approve $65m Putu stake sale to Severstal

Afferro Mining’s shareholders have approved the sale of its 38.5% stake in the Putu project in Liberia to Severstal’s Lybica Holding subsidiary, which owns the remainder of the project, the iron ore producer said on Tuesday January 31.

Base metals prices steady in LME officials after euro gains

Base metals settled slightly above their opening prices in the official session on the London Metal Exchange on Tuesday January 31, after a stronger euro saw prices rise in early European trading.

Credit Suisse predicts mixed moves in base metals prices

Analysts at Credit Suisse have cited tin as being the strongest performer on the London Metal Exchange so far this year, as prices gained about 18% in January.

Base metal prices rally as Europe opens in LME pre-market

Base metals rallied following the opening of European trading on the London Metal Exchange on Tuesday January 31, with all trading above their opening prices at 10:08 GMT on a stronger euro.

No rally for Shanghai copper prices

Shanghai copper prices fell 0.6% on Tuesday, in a small blow to those expecting a post-holiday rally.

CHINA STEEL WRAP: Steel prices in northern China continue rising

Spot steel prices in northern China moved up again on Tuesday January 31, as traders tried to push the market up.

LME ASIAN WRAP: Copper slips on Greece debt woes

London Metal Exchange copper fell in early Asian trading on Tuesday as sentiment dampened after European leaders struggled to agree on a Greek rescue program.