London Metal Exchange to Charge Fee Cutting Revenues by 5%
Reuters reported the LME has delayed the start of a new fee that is expected to cut revenues by 5% to July 2 instead of March 1.
Articles Tagged "LME"
Nickel Market to Improve in 2012
The price of nickel has fallen to $18,595 per tonne on surplus and the increased use of nickel-pig-iron in China. Analysts, however, are optimistic that low prices will encourage China's nickel consumption and lead to a stabilized 2012 nickel market.
Norilsk Nickel Drops 3rd Day as Prices Plunge in London Trading
Bloomberg reported OAO GMK Norilsk Nickel (MCX:GMKN) slid for a third day after prices tumbled in London.
Base Metals Fall Ending Rally
Reuters reported copper and nickel fell on unrelieved worries about economic growth and a stronger dollar.
Nickel Gains More Than 5% on Dollar Weakness
Reuters reports nickel rose more than 5 percent on Wednesday as the dollar extended falls against a basket of currencies.
Base Metals in London Drop on Concern Global Growth to Slow
Bloomberg reports base metals futures declined amid concern that the euro-zone nations will be unable to control the sovereign-debt crisis.
China’s Jinchuan Hikes Nickel Prices Another 1.2%
Platts reports Jinchuan Group (HKG:2362) raised domestic prices for the two grades it offers by a further Yuan 2,000/mt ($314/mt), or about 1.2%.
Nickel Stockpile Orders Increase to Highest Level Since April
Bloomberg reports orders to draw nickel from stockpiles monitored by the London Metal Exchange rose to the highest level since April.
London Nickel Down on Risk Aversion
Reuters Africa reports nickel is down as investors rid themselves of riskier assests on news that the US has lost its AAA credit rating.
Nickel Stockpiles Should Rebound as Market Shifts to Surplus
Bloomberg reports declining nickel stockpiles monitored by the LME will rebound as the market for the metal shifts to surplus this year.
