September 2009

LME ASIAN WRAP: Copper up 2% on technical rebound

LME copper rebounded in early Asian trading, encouraged by deficit data from the International Copper Study Group (ICSG).

India's OMC halts chrome ore supply

India's Orissa Mining Corp (OMC), which produces around 25% of India's chrome ore, has cut off supplies after it was ordered to halt mining.

LME plans Singapore office

The London Metal Exchange is planning to open an office in Singapore, an exchange spokesman confirmed.

LME may extend Select hours by 3 hours to 10pm

The London Metal Exchange is considering extending the hours of its electronic trading platform, Select, by three hours to catch more USA trading

LME Cu trades higher on strong equities and fund buying

Copper traded higher in the pre-market on the London Metal Exchange on Thursday as equities pushed higher and fund buying returned to base metals

Nyrstar will restart roasting ops at Balen zinc smelter

Nyrstar will restart some roasting operations at its Balen zinc smelter in Belgium by the end of September, it said on Thursday as it forecast continued short-term volatility for the galvanising metal.

Shanghai copper gains on US industrial data

Shanghai copper continued to rise on Thursday, supported by LME copper's robust gains last night and positive US industrial output data.

'No idea why' China's bismuth market suddenly died

China's bismuth market cooled down suddenly this week as orders from the international market died down.

No changes to China's copper export rebates this year, CNIA

China will not lift the export tax rebate on copper products including tube for the rest of the year, said a senior copper official at China Nonferrous Metals Industry Assn (CNIA).

LME ASIAN WRAP: Base metals rise, tracking oil and US stocks

LME copper rose 2.1% in early Asian trading, leading a round of increases in base metals on the recovery in US stocks and oil prices.