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29.10.2007
The Dubai Gold and Commodities Exchange will begin trading steel futures today

The Dubai Gold and Commodities Exchange (DGCX) will begin trading steel futures today, a move industry experts said would allow buyers to better manage their price risk in a volatile market.


26.10.2007
China 2008 Refined Copper Imports May Plunge

China's refined copper imports, the world's biggest, may plunge next year as  domestic output increases.


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Niobium 99.8% Russia we offer
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China's nonferrous output set to grow 15% in 2007
Nonferrous metal production in China is expected to grow by 15% in 2007, led by aluminium and copper, boosted by mounting demand, China Daily reported Tuesday, quoting an industry organization.

The combined production of 10 main metals aluminium, copper, lead, zinc, nickel, tin, magnesium, titanium, antimony and mercury will reach 22 million mt in 2007, up from 19.17 million mt last year, said Kang Yi, president of the China Nonferrous Metal Industry Association.
LME base metals close higher; Nickel hits record high
Nickel is once again stealing the limelight by hitting new record highs in London Metal Exchange trade Friday and traders said prices look set to push higher still as supply concerns continue.
Because the market is critically tight, players have been reluctant to get caught short and as a result have little reason to sell.
By the end of Friday's open outcry sessions in London, LME nickel hit $36,250 a metric ton, a 3% gain on the day and up 11% on the week. Since the start of the year, nickel has gained a staggering 21%.


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