Non-ferrous Metals

For the third week in a row, the cash price of LME primary copper dropped, falling 5.9 percent to $7,708 per metric ton and clocking in as the biggest mover on the Copper MMI®. The primary copper 3-month price fell to $7,679 per metric ton on the LME, a 4.6 percent change from the prior [...]

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Several months ago, my colleague Stuart wrote about a growing trend across several developing nations with significant mineral reserves – “ Resource Nationalism.” Its name gives itself away, but local ownership laws, royalties, windfall taxes, and super taxes suggest resource nationalism has risen in prominence, according to a 2011 Credit Agricole presentation — and with [...]

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MetalMiner’s recent trend report on aluminum prices, the weekly Aluminum MMI®, showed that the global prices of the light grey metal have somewhat tempered their freefall — but uncertainty remains for the future price of aluminum, as we can see in Western and Asian markets.

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After drifting 4.7 percent on the LME, the price of primary cash copper dropped to $7,710 per metric ton making it the biggest mover on the Automotive MMI® this week.

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Chinese aluminum billet’s 0.6 percent decline made it this week’s biggest mover on the Aluminum MMI®. The Chinese primary aluminum cash price closed last week after a 0.5 percent drop. Chinese aluminum bar prices held steady from the previous week above $2,200 per metric ton. Chinese aluminum scrap traded sideways last week, hovering above $2,600 [...]

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The price of US copper producer grade 122 fell one percent, as did the price of US copper producer grade 110. The price of US copper producer grade 102 weakened by 0.9 percent. Meanwhile, the cash price of Japanese primary copper saw a 0.9 percent decline.

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The LME primary aluminum cash price rose 0.8 percent to $1,994 per metric ton on May 17, 2012, after two days of falling, making it the day’s biggest mover on global aluminum markets. The LME primary aluminum 3-month price increased 0.7 percent to $2,034 per metric ton. The cash price of Indian primary aluminum, on the [...]

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The Indian primary aluminum cash price saw the biggest daily increase on global aluminum markets, up 1.6 percent for May 16, 2012.

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