January 2014

Pacorini, BTG Pactual approved at Owensboro Riverport

Pacorini Metals of Baltimore and BTG Pactual have been approved by the Owensboro Riverport Authority (ORA) in Kentucky for the storage of aluminium.

LME OFFICIALS: Base metals prices suffer 'lack of interest drift'

Base metals prices fell again during official trading on the London Metal Exchange on Friday January 31, on what an analyst described as “lack of interest drift”.

Vedanta fiscal Q3 zinc earnings drop as Skorpion tank failure hurts output

Vedanta Resources saw a 10% drop in earnings from its zinc business in its fiscal third quarter, after a tank failure at the Skorpion refinery in Namibia offset higher production and earnings from its assets in India.

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

Base metals prices were down again during the closing session on the London Metal Exchange on Thursday January 30, as they continued to digest the effects of US tapering of economic stimulus, and the Chinese New Year holiday began.

LME OFFICIALS: Base metals prices drop on tapering confirmation

Base metals prices dropped markedly during the official session on the London Metal Exchange on Thursday January 30, following confirmation that the US Federal Reserve had cut its quantitative easing by another $10 billion.

Shanghai copper price down on weak factory data

The Shanghai Futures Exchange copper prices fell on Thursday January 30, the last trading day before the week-long Chinese New Year break, as sentiment weakened on weak manufacturing data.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China*

LME ASIAN WRAP: Copper price down as China goes on holiday

London Metal Exchange copper prices were down during Asian morning trading on Thursday January 30 on the US Federal Reserve’s stimulus cut and investors’ caution before Chinese New Year break.

CLOSE TO CLOSE: Base metals prices down on news from USA

Base metals prices were down across the board during the kerb session on the London Metal Exchange on Wednesday January 29, on falling liquidity ahead of the Chinese New Year holiday, and expectations of further Fed tapering from the USA.

LME OFFICIALS: Base metals prices stay in tight ranges

Base metals prices remained within recent tight ranges during the official session of the London Metal Exchange on Wednesday January 29, on dwindling liquidity from the looming Chinese New Year break.