Metals & Mining Commodity News

Metals & Mining Commodity News

LME & WSA see upswing in steel futures trading

London, 8 March 2010

Brady plc has seen a significant increase in electronic trading, hedging and risk management of Steel futures contracts so far this year. This is in line with the LME recording record trading levels and substantial growth (72% since the start of the year) in Market Open Interest (MOI).

Global Steel Contract available on LME from 28th July

London, 2 March 2010

The London Metal Exchange will merge its existing Mediterranean (FM) and Far Eastern (FF) contracts in steel billet on 28th July, 2010, creating a global steel billet futures contract.

Trading in steel futures surges on LME

London, 1 March 2010

Trading in steel futures on the London Metal Exchange reached record levels last week with volumes and market open interest growing substantially.

Copper touches new high after Chilean quake

Source: Financial Times, 1st March 2010

Copper prices reached a 1½-month high on Monday after the earthquake in Chile, the world's largest producer of the metal, but mining executives and analysts said the spike would be short-lived as key mines were undamaged.

Copper touches new high after Chilean quake

Source: Financial Times, 1st March 2010

MEPS forecast near-record Global Stainless production

London, 27 February 2010

Global crude stainless steel production for 2009 is expected to total 24.7 million tonnes. This corresponds to a decline of 4.6 percent from the result in the previous calendar year.

Mitsubishi Corporation signs with Brady

London, 25 February 2010

Brady plc, a leading supplier of trading and risk management solutions for metals and commodities, has announced today that The Mitsubishi Corporation, Tokyo, signed a new deal in 2009 to extend the use of Brady’s trading and risk technology to now include all of the corporation’s global trading of both physical and derivative precious metals.

China demand pushes up iron ore price

Source: Financial Times, 25th February 2010

Spot iron ore prices hit a fresh 18-month high on Thursday as Chinese steelmakers returned to the market after their new year holidays, buying heavily to replenish inventories.

Eka supports new LME cobalt & moly contracts

Bangalore, 3 March 2010

Eka Software Solutions, the leading provider of Commodity Trading and Risk Management (CTRM) software, announced support for the new Cobalt and Molybdenum contracts which commenced trading today on the London Metal Exchange ( LME).

Stewart Group adds to management team for expansion

London, 19 February 2010

Stewart Group, the UK based global inspection and analysis group, is continuing to expand its management teams across its divisions, and in key positions, as part of their business development and market strategy, appointing Helen Smith, David Jarvis and Tony Bleasdale to its UK operation.