August 2013

LME BILLET REPORT: Prices remain unchanged, stocks fall

The London Metal Exchange’s three-month steel billet contract price stood at $160-170 per tonne on Friday August 30, unchanged from August 15.

LME OFFICIALS: Base metals prices still falling on risk aversion

Base metals prices lost further ground in Friday’s official trading on the London Metal Exchange, as market participants remained cautious amid uncertainty over Syria and the USA wound down for the Labor Day break.

COMMENT: Jones picked to put HKEx's stamp on LME

Garry Jones, the London Metal Exchange’s new ceo, had a pre-prepared response to questions about his lack of metals experience: the revelation that he has a degree in geology from Oxford University.

HOTLINE: Uncertainty, you say?

A recent poll on the Metal Bulletin website asked whether Goldman Sachs will still be the owner of warehousing company Metro by this time next year, but is no closer to finding a consensus opinion after 42% of respondents said no and 44% said yes.

Recylex posts $21m loss on maintenance outages, tighter lead scrap pricing

Recylex recorded a net loss of €15.9 million ($21.1 million) in the first half of the year on maintenance shutdowns and higher lead scrap prices, the France-based lead and zinc recycling group said on Thursday August 29.

OBITUARY: Jean Adamian, founder of Transamine

Jean Adamian, the founder of independent non-ferrous metals and concentrates trading house Transamine, died on Thursday August 22 at the age of 94.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

CLOSE TO CLOSE: Base metals prices lose more ground in LME kerb

Base metals prices fell further in Thursday’s kerb trading on the London Metal Exchange as uncertainty over the Syria crisis kept market participants cautious.

LME OFFICIALS: Base metals prices slide on weak euro, risk aversion

Base metals prices drifted lower in official trading on the London Metal Exchange on Thursday August 29, capped by a weaker euro and thin volumes amid uncertainty over the Syria crisis.

LME BILLET REPORT: Prices unchanged, stocks fall

The London Metal Exchange’s three-month steel billet contract price stood at $160-170 per tonne on Thursday August 29, unchanged from August 15.