On May 21, 2012, Chinese copper wire rose 1.2 percent to finish as the day’s biggest mover on global copper markets. Chinese copper bar finished the day up one percent. The Chinese copper cash price inched up one percent as well, while Chinese bright copper scrap stayed flat at around between $7,500 and $7,750 per [...]
All of what we covered in Part One — the threat resource nationalism poses to metal prices, supply chain and commodity risk management — begs the question: will metal export bans achieve the desired outcome on behalf of these governments seeking to implement them? Will these countries successfully attract outside investment in processing smelters? Can they [...]
With a decline of two percent on May 18, 2012, the cash price of Japanese primary copper recorded the biggest shift of the day in global copper prices. The price of US copper producer grade 110 fell 0.2 percent; the US copper producer grade 102 price also declined 0.2 percent. The price of US copper [...]
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 [...]
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 [...]
by MetalMiner IndX Reports on May 18, 2012
Style: Industry News
Category: Automotive, Ferrous Metals, Metal Prices, MetalMiner IndX, Non-ferrous Metals
Keywords: aluminum prices, copper prices, lead prices, palladium prices, platinum prices, steel prices
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.
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.
Chinese copper closed mixed overall on Wednesday, May 16, 2012, but the SHFE primary copper cash price decreased, closing at CNY 57,100 ($10,618) per metric ton, after moving down 2 percent.