March 2012

US aluminum alloy ingot market said two-tiered

Aluminum alloy ingot traders say a "two-tier market" has emerged on A380.1, with some traders refusing to move below $1.11 per pound while weak London Metal Exchange prices prompt others to continue discounting their quotes.

IRON ORE DERIVATIVES WRAP: OTC iron ore prices edge to higher end of range

The iron ore swaps market saw prices close the week at the top end of established ranges, brokers told Metal Bulletin on Friday March 30.

Poland's Izostal recommends $1.8m dividend on 2011 net profit

The board of Polish coatings provider and steel distributor Izostal has recommended issuing a dividend in excess of 5.56 million zloty ($1.8 million), based on its financial results for 2011.

LME steel billet contract price widens as week closes

The London Metal Exchange steel billet contract official bid/offer spread widened on Friday March 30.

Base metal prices see strong finish to Q1 in LME officials

Base metal prices increased in the official session on the London Metal Exchange on Friday March 30, with all but aluminium settling above their opening prices on the last trading day of the first quarter.

Cadmium prices slip on freer Chinese supply

Cadmium prices dipped on Friday March 30 as the supply situation in China eased and demand remained flat.

Base metals rebound in LME pre-market

Base metal prices rebounded slightly in pre-market trading on the London Metal Exchange on Friday March 30, as the euro traded back above $1.33.

Rolls on LME slowed down reconciliations in MF Global administration - KPMG

MF Global open positions were rolled forward on the London Metal Exchange in a bid to protect the market ahead of individual clients, slowing down position reconciliation, Andrew Weber, an advisor at special administrator KPMG, said.

Rio Tinto joins CBMX iron ore trading platform

Rio Tinto has joined the China Beijing Mining Exchange (CBMX), which will launch an electronic iron ore trading platform in early May.

LME ASIAN WRAP: Copper prices rise before European finance meeting

Copper prices edged up in early Asian trading on the London Metal Exchange, as the prospect of an increase in European rescue lending raised sentiment.