Non-ferrous Metals

LME 3-Month Copper Price Increases 2%

by MetalMiner IndX Reports on May 11, 2012

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On May 10, 2012, the day’s biggest mover was the primary copper 3-month price, which saw a two percent decline on the LME to $7,970 per metric ton. At $8,089 per metric ton, primary cash copper fell 1.8 percent on the LME yesterday. The Japanese primary copper cash price declined 0.7 percent on May 10. [...]

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LME Primary Aluminum Cash Price Sees Small Drop

by MetalMiner IndX Reports on May 11, 2012

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The cash price of primary aluminum saw the biggest shift of the day, dropping 1.9 percent on the LME to close at $1,987 per metric ton on May 10, 2012. Also on the LME, the 3-month price of primary aluminum declined 1.8 percent to $2,026 per metric ton. Indian primary aluminum cash price inched up [...]

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Automotive MMI®: US Palladium Price Falls For Third Straight Week

by MetalMiner IndX Reports on May 11, 2012

Style:    Category: Automotive, Ferrous Metals, Metal Prices, MetalMiner IndX, Non-ferrous Metals

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The week’s biggest mover on the Automotive MMI® was the price of US palladium bar, which saw a 5.8 percent decline to $612.00 per ounce. This week marked the third in a row of declining prices for the platinum group metal (PGM). Closing out the third week of declining prices, the price of US platinum [...]

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Daily Aluminum Roundup: LME 3-Month Price Falls 1.2%

by MetalMiner IndX Reports on May 10, 2012

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On May 9, 2012, the day’s biggest mover was the 3-month price of primary aluminum, which saw a 1.2 percent decline on the LME to $2,063 per metric ton. The cash price of primary aluminum fell 1.1 percent to $2,026 per metric ton yesterday on the LME after two days of no change. The cash [...]

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Daily Copper Roundup: US Producer Grade 110 Price Drifts 1.3%

by MetalMiner IndX Reports on May 10, 2012

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US copper producer grade 110 prices saw the biggest shift of the day on copper markets, dropping 1.3 percent on May 9, 2012. The price of US copper producer grade 122 weakened by 1.3 percent, and the price of US copper producer grade 102 also declined 1.3 percent. The Japanese primary copper cash price remained [...]

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Higher Physical Metal Premiums Profit No One

by Stuart Burns on May 10, 2012

Style:    Category: Commodities, Inventory Stock Levels, Investing Hedging, Non-ferrous Metals

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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, [...]

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What February’s US Copper Import Numbers Mean For Prices

by Taras Berezowsky on May 10, 2012

Style:    Category: Metal Prices, MetalMiner IndX, Non-ferrous Metals

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MetalMiner welcomes guest contributor Chelsea Craven of Zepol Corporation, a Minneapolis-based trade intelligence company.  From electrical wires and plumbing pipes to roofing sheets and machinery, copper is a familiar metal to the construction and manufacturing industries. The copper business, in general, has had its ups and downs in recent years — and prices of copper [...]

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Are Physical Delivery Premiums Being Manipulated?

by Stuart Burns on May 10, 2012

Style:    Category: Commodities, Inventory Stock Levels, Investing Hedging, Non-ferrous Metals

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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 [...]

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