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	<title>MetalMiner &#187; Inventory Stock Levels</title>
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	<link>http://agmetalminer.com</link>
	<description>Sourcing &#38; Trading Intelligence for Global Metals Markets</description>
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		<title>Zinc in Oversupply For Now, But What&#8217;s to Come?</title>
		<link>http://agmetalminer.com/2012/05/14/zinc-in-oversupply-for-now-but-whats-to-come/</link>
		<comments>http://agmetalminer.com/2012/05/14/zinc-in-oversupply-for-now-but-whats-to-come/#comments</comments>
		<pubDate>Mon, 14 May 2012 13:00:16 +0000</pubDate>
		<dc:creator>Stuart Burns</dc:creator>
				<category><![CDATA[Inventory Stock Levels]]></category>
		<category><![CDATA[Non-ferrous Metals]]></category>
		<category><![CDATA[Supply & Demand]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[LME]]></category>
		<category><![CDATA[Zinc]]></category>
		<category><![CDATA[zinc prices]]></category>

		<guid isPermaLink="false">http://agmetalminer.com/?p=23676</guid>
		<description><![CDATA[Zinc buyers (and/or metal-with-a-significant-zinc-content buyers) may be forgiven for feeling pretty sanguine about the supply market for the zinc content of their components. Rising LME inventory levels and prices of zinc that have moderated from the highs of last July suggest a market that is comfortably in oversupply, and indeed the International Lead and Zinc [...]]]></description>
		<wfw:commentRss>http://agmetalminer.com/2012/05/14/zinc-in-oversupply-for-now-but-whats-to-come/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Higher Physical Metal Premiums Profit No One</title>
		<link>http://agmetalminer.com/2012/05/10/higher-physical-metal-premiums-profit-one/</link>
		<comments>http://agmetalminer.com/2012/05/10/higher-physical-metal-premiums-profit-one/#comments</comments>
		<pubDate>Thu, 10 May 2012 16:00:09 +0000</pubDate>
		<dc:creator>Stuart Burns</dc:creator>
				<category><![CDATA[Commodities]]></category>
		<category><![CDATA[Inventory Stock Levels]]></category>
		<category><![CDATA[Investing Hedging]]></category>
		<category><![CDATA[Non-ferrous Metals]]></category>
		<category><![CDATA[LME]]></category>
		<category><![CDATA[nickel prices]]></category>
		<category><![CDATA[Tin]]></category>
		<category><![CDATA[tin prices]]></category>

		<guid isPermaLink="false">http://agmetalminer.com/?p=23659</guid>
		<description><![CDATA[Continued from Part One.  In contrast, consumers of tin (arguably a market much more in balance than oversupplied aluminum) are not facing high spot delivery premiums because mills are keeping the market well-supplied with direct deliveries, said to be at premiums for high-grade tin over the LME cash price of $625 to $650 a ton, [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Are Physical Delivery Premiums Being Manipulated?</title>
		<link>http://agmetalminer.com/2012/05/10/are-physical-delivery-premiums-being-manipulated/</link>
		<comments>http://agmetalminer.com/2012/05/10/are-physical-delivery-premiums-being-manipulated/#comments</comments>
		<pubDate>Thu, 10 May 2012 10:00:39 +0000</pubDate>
		<dc:creator>Stuart Burns</dc:creator>
				<category><![CDATA[Commodities]]></category>
		<category><![CDATA[Inventory Stock Levels]]></category>
		<category><![CDATA[Investing Hedging]]></category>
		<category><![CDATA[Non-ferrous Metals]]></category>
		<category><![CDATA[Aluminum]]></category>
		<category><![CDATA[aluminum prices]]></category>
		<category><![CDATA[base metal premiums]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[copper prices]]></category>
		<category><![CDATA[LME]]></category>
		<category><![CDATA[Nickel]]></category>
		<category><![CDATA[Tin]]></category>

		<guid isPermaLink="false">http://agmetalminer.com/?p=23632</guid>
		<description><![CDATA[Metals buyers are an assiduous lot, carefully tracking and recording the price movement of those base metals on which the materials and components their firm depends with admirable diligence. Ask a metals buyer for the current copper price and he will often have the number to within a cent per pound off the top of [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Should Metal Buyers Care If Lead Goes Into Backwardation?</title>
		<link>http://agmetalminer.com/2012/05/04/should-metal-buyers-care-if-lead-goes-into-backwardation/</link>
		<comments>http://agmetalminer.com/2012/05/04/should-metal-buyers-care-if-lead-goes-into-backwardation/#comments</comments>
		<pubDate>Fri, 04 May 2012 10:00:10 +0000</pubDate>
		<dc:creator>Stuart Burns</dc:creator>
				<category><![CDATA[Inventory Stock Levels]]></category>
		<category><![CDATA[Non-ferrous Metals]]></category>
		<category><![CDATA[backwardation]]></category>
		<category><![CDATA[Lead]]></category>
		<category><![CDATA[lead prices]]></category>
		<category><![CDATA[LME]]></category>
		<category><![CDATA[LME lead stocks]]></category>

		<guid isPermaLink="false">http://agmetalminer.com/?p=23475</guid>
		<description><![CDATA[Continued from Part One.  Total registered tonnage of lead in Europe today stands at 101,025 tons, of which 60 percent, or 60,575 tons, is in the form of canceled warrants. The ratio in Spain is 85% and that in Italy is 95%. Where it is going remains a mystery, but Reuters points the finger at [...]]]></description>
		<wfw:commentRss>http://agmetalminer.com/2012/05/04/should-metal-buyers-care-if-lead-goes-into-backwardation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Copper Prices Up, But Chinese Smelters Taking a Beating</title>
		<link>http://agmetalminer.com/2012/05/01/copper-prices-up-but-chinese-smelters-taking-a-beating/</link>
		<comments>http://agmetalminer.com/2012/05/01/copper-prices-up-but-chinese-smelters-taking-a-beating/#comments</comments>
		<pubDate>Tue, 01 May 2012 16:00:28 +0000</pubDate>
		<dc:creator>Stuart Burns</dc:creator>
				<category><![CDATA[Inventory Stock Levels]]></category>
		<category><![CDATA[Non-ferrous Metals]]></category>
		<category><![CDATA[Supply & Demand]]></category>
		<category><![CDATA[backwardation]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[contango]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[copper forward price curve]]></category>
		<category><![CDATA[copper prices]]></category>
		<category><![CDATA[LME]]></category>

		<guid isPermaLink="false">http://agmetalminer.com/?p=23372</guid>
		<description><![CDATA[LME copper has been on a steady decline this month, but the last week has seen a marked uplift in part because falling inventories on the LME have been taken as a sign of a tight market. Recent LME copper price curve. Source: LME The rise in Shanghai inventories on the other hand has been [...]]]></description>
		<wfw:commentRss>http://agmetalminer.com/2012/05/01/copper-prices-up-but-chinese-smelters-taking-a-beating/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Copper: A Disconnect on What the Future Holds</title>
		<link>http://agmetalminer.com/2012/04/30/copper-a-disconnect-on-what-the-future-holds/</link>
		<comments>http://agmetalminer.com/2012/04/30/copper-a-disconnect-on-what-the-future-holds/#comments</comments>
		<pubDate>Mon, 30 Apr 2012 13:00:17 +0000</pubDate>
		<dc:creator>Stuart Burns</dc:creator>
				<category><![CDATA[Inventory Stock Levels]]></category>
		<category><![CDATA[Non-ferrous Metals]]></category>
		<category><![CDATA[Supply & Demand]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Codelco mine]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[copper prices]]></category>
		<category><![CDATA[Shanghai futures exchange inventory]]></category>

		<guid isPermaLink="false">http://agmetalminer.com/?p=23318</guid>
		<description><![CDATA[Delegates at the recent CESCO Copper Conference in Chile from both the major miners and the major copper producers lined up for interviews, giving a not surprisingly similar and upbeat view of the market. In a Reuters report on the conference, industry experts predicted similar views of the future: Copper prices would dip this year [...]]]></description>
		<wfw:commentRss>http://agmetalminer.com/2012/04/30/copper-a-disconnect-on-what-the-future-holds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Aluminum and the LME: A Love (or Hate) Story? &#8211; Part Two</title>
		<link>http://agmetalminer.com/2012/04/25/aluminum-and-the-lme-a-love-or-hate-story-part-two/</link>
		<comments>http://agmetalminer.com/2012/04/25/aluminum-and-the-lme-a-love-or-hate-story-part-two/#comments</comments>
		<pubDate>Wed, 25 Apr 2012 10:00:28 +0000</pubDate>
		<dc:creator>Stuart Burns</dc:creator>
				<category><![CDATA[Inventory Stock Levels]]></category>
		<category><![CDATA[Investing Hedging]]></category>
		<category><![CDATA[Non-ferrous Metals]]></category>
		<category><![CDATA[Aluminum]]></category>
		<category><![CDATA[aluminum physical delivery premiums]]></category>
		<category><![CDATA[LME]]></category>

		<guid isPermaLink="false">http://agmetalminer.com/?p=23230</guid>
		<description><![CDATA[Continued from Part One. So you could be waiting up to six months for your aluminum, being charged storage all the while, having to finance the stock and insure it. What’s more, consumers are undoubtedly paying a premium for metal both in terms of physical delivery premiums over the LME spot price, and in terms of [...]]]></description>
		<wfw:commentRss>http://agmetalminer.com/2012/04/25/aluminum-and-the-lme-a-love-or-hate-story-part-two/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Aluminum and the LME: A Love (or Hate) Story? &#8211; Part One</title>
		<link>http://agmetalminer.com/2012/04/24/aluminum-and-the-lme-a-love-or-hate-story-part-one/</link>
		<comments>http://agmetalminer.com/2012/04/24/aluminum-and-the-lme-a-love-or-hate-story-part-one/#comments</comments>
		<pubDate>Tue, 24 Apr 2012 13:00:13 +0000</pubDate>
		<dc:creator>Stuart Burns</dc:creator>
				<category><![CDATA[Inventory Stock Levels]]></category>
		<category><![CDATA[Investing Hedging]]></category>
		<category><![CDATA[Non-ferrous Metals]]></category>
		<category><![CDATA[Aluminum]]></category>
		<category><![CDATA[Glencore]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[JP Morgan]]></category>
		<category><![CDATA[LME]]></category>
		<category><![CDATA[Trafigura]]></category>

		<guid isPermaLink="false">http://agmetalminer.com/?p=23193</guid>
		<description><![CDATA[How did we ever get into this situation? We seem to accept the state of the aluminum market, and in particular the inventory financing and storage of the metal on the LME, as a perfectly normal state of affairs, but step back a moment and take another look. As a recent MB article reproduced in [...]]]></description>
		<wfw:commentRss>http://agmetalminer.com/2012/04/24/aluminum-and-the-lme-a-love-or-hate-story-part-one/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
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