Category Archives: Industry news

LME aims to boost options business, delay reporting of large trades

CRU has revised its forecast for global copper demand growth in 2015 to just 1 per cent, http://t.co/AwpBgEq8lt @crugroup — Paul Robinson (@BaseMetals) October 1, 2015 //platform.twitter.com/widgets.js

COLUMN-A role reversal for the ugly sisters, lead and zinc?: Andy Home

Commodity company distress may be turning point for markets

Global #aluminum stocks to exceed 20 mil mt in 2019 as supply continues to outgrow demand, says @Macquarie Research in report | #metals — Platts Metals (@PlattsMetals) October 1, 2015 //platform.twitter.com/widgets.js

Thursday, October 1, 201510:00AM GMT / 5:00 AM EDT Source: Do the Metal Trading Hubs of Asia, Europe and North America Compete or Coexist?

Triland Metals’ Singapore office has hired Jane Hu and Penelope Ma to work on the LME ring dealing member’s sales team, Hotline understands. Source: MILLING ABOUT: Triland Metals hires two in Singapore | Metal Bulletin

COLUMN-Fear and loathing as LME mulls position limits: Andy Home

Commodities in crisis as shares tumble, shipper files for bankruptcy

Could Mick Davis save Glencore? http://t.co/Cb2MckVhQ2 — BN Commodities (@BNCommodities) September 28, 2015 //platform.twitter.com/widgets.js

Alcoa to Split Into Two Publicly Traded Companies

Swiss Competition Body Probes Banks in Precious Metals Trading

The 20 largest members on the Shanghai Futures Exchange ranked by open interest held a combined net-long position of 3,747 contracts as of Friday from net-short position of 661 lots a week ago, according to Bloomberg calculations based on exchange … Continue reading →

JP Morgan reaped $150 mln dividend from Henry Bath before sale -filing 

CME sees first trades on European aluminum premium futures contract

Dr. Copper Has Bad News for Mining Stocks

LME to launch system to better track metals after Qingdao fraud

Metals scheme investors petition Beijing

COLUMN-Beware the Christmas ghosts in the copper machine: Andy Home

Saddened to report the passing last Wednesday of former colleague and friend, Michael Morrice. My heartfelt condolences to his family and friends.

Copper prices jumped to a near two month high before retreating after Chilean miners said workers were safe and operations were not damaged by the earthquake. Source: Copper prices retreat as Chilean mines escape earthquake damage – Telegraph

There sure is a lot of zinc in New Orleans. Source: The zinc carousel keeps turning in New Orleans: Andy Home | Reuters

Source: Platts.com Data Feature: Non-Ferrous Metals Outlook

The world is producing too much aluminium. Source: COLUMN-Petcoke: the ticking time bomb at the heart of aluminium: Andy Home

Source: The Nervous(?) Nine – Lord Copper

The recovery in copper prices from six-year lows has been driven by stocks of refined metal flowing into China as well as a string of mine closures that promise to tighten the market over the next couple of years. Copper … Continue reading →

JOBS: Magnesium Trader, Switzerland

Global copper consumption growth will be only 2.5% this year, down from the previous 4.5%, on a slowdown in China and other emerging markets, Societe Generale

COLUMN-What’s 40 million tonnes of Chinese steel between friends?: Andy Home

Mining communities in Zambia and the Democratic Republic of Congo fear they will be devastated by Glencore’s decision to shut down in the region for 18 months.

LME says in talks on launch of precious metals derivatives

The Bloomberg Terminal, a Wall Street Fixture, Faces Upstarts Source: The Bloomberg Terminal, a Wall Street Fixture, Faces Upstarts – The New York Times

JOBS: Commodities Product Development – Associate / VP – JP Morgan, London

JOBS: Market Operations, Trade Support, Metals and Agriculture, 6 mth contract – Macquarie, London  

When Hong Kong Exchanges and Clearing (HKEx (HKSE: 0388-OL.HK – news) ) bought the venerable old London Metal Exchange (LME) back in 2012, it did so with eyes firmly fixed on China. The vision was to leverage the LME’s near … Continue reading →

Glencore (Xetra: A1JAGV – news) ‘s Monday announcement of a multi-pronged debt reduction programme has boosted its share price by 17 percent and the copper price by five percent from their respective Friday closes. London Metal Exchange (LME) three-month copper … Continue reading →