Non-ferrous Metals

Everybody loves to hate a big bank. And everybody loves to hate a bank that ‘manipulates metals markets.’ The ridiculously slow aluminum load-out schemes, inflated Midwest premium prices (even in a world awash with the light metal) and the “speculation” that has become a regular part of the industrial buyers’ daily routine have all created […]

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Despite the current sluggishness in the non-ferrous metals markets, India’s Aditya Birla Group has some pretty big plans for the aluminum and copper sectors. To begin with, the Group’s flagship company, Hindalco, also India’s largest non-ferrous metals producer, has made some headway by raising funds for its biggest greenfield project so far. The Aditya Alumina […]

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For all metals that comprise the MetalMiner Copper MMI®, Chinese bright copper scrap had the largest decline on June 28, 2012, dropping 4.1 percent. However, some semi-finished products showed price support. For example, the price of Chinese copper wire rose 0.4 after a two-day drop. The price of Chinese copper bar increased 0.4 percent. The […]

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The week’s biggest mover on the weekly Automotive MMI® was US palladium bar, which saw a 6.9 percent decline to $571.00 per ounce. For the third week in a row, the price of US platinum bar dropped, falling 4.1 percent to $1,392 per ounce. The price of US HDG fell 2.2 percent over the past […]

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Have you every wondered what those practicing the dark arts of arbitrage are up to? It’s an often-used phrase but not many of us have actually bumped into someone who owns up to be an arbitrager. In plain terms an arbitrager seeks to take advantage of disparities between two markets that historically have shown a […]

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For aluminum market observers, 2012 has brought some interesting dynamics. Take for example prices – LME prices have hit a two-year low, while Midwest premiums have hit a high. Meanwhile China prices remain comparatively high. At the same time, lead times from LME warehouses continue to grow and have exceeded 12 months! At this year’s […]

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Prices for Grain Oriented Electrical Steel (GOES) fell slightly (1 percent) from the previous month, with the index slipping from 253 to 250. The GOES MMI® does not appear to follow the same pricing patterns taken by last month’s biggest MMI dippers such as the Copper MMI® and  the Stainless MMI®. That may have something […]

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As with all big hairy problems, problem identification represents the easy part. Formulating and implementing solutions becomes especially difficult particularly when our own government can’t seem to agree on what to call the problem – is it a strategic mineral dependence? A rare earth metal dependence? Or ‘just’ a critical metal dependence? As we reported […]

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The end of the commodities super-cycle has been predicted before — but could this time really be different? Many thought the collapse in prices after the Lehman Brothers crisis was the end of the boom that started earlier in the decade, but prices bounced swiftly back, some to near-record or even record highs. Two factors […]

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I recently came across a newsletter article with great relevance to MetalMiner readers — How to Fix Index Based Pricing — that offered up three suggestions for individuals seeking to develop a price indexing schema for purchases. The author states a hypothesis often not articulated by the purchasing organization – having a “fixed, predictable price is just […]

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