The Federal Reserve announced overnight that it will continue monthly purchase of USD 40 billion mortgage backed securities buy additional USD 45 billion long term Treasury bonds and keep low interest rate unchanged until at least mid 2015 ...
Tags: aluminum, LME aluminum, LME aluminum inventories, aluminum prices
SMM reported that China's manufacturing PMI rose to a 7 month high in November. Risk appetite grew during the European session pushing commodity prices up. The US November manufacturing PMI declined more than expected, increasing ...
Tags: scrap metal price, iron ore price news, aluminum, steel scrap buyers
Shanghai Metals Market reported that LME aluminum continued to drift higher last Friday buoyed by positive economic data in Europe and the US. LME aluminum briefly dipped to an intraday low of USD 2,057 per tonne after opening at USD 2,060 ...
Tags: scrap metal prices, iron ore price news, scrap copper, aluminum