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ICDX signs MoUs as it looks to become benchmark price provider

2014 February 25
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The Indonesia Commodity and Derivatives Exchange (ICDX) has signed a memorandum of understanding with Deutsche Börse-backed Global Markets Exchange Group International (GMEX Group) with a view to becoming a benchmark price provider for natural resources.
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First Quantum’s earnings up in December quarter

2014 February 25
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First Quantum Minerals reported a 17.5% increase in earnings year-on-year in the fourth quarter of 2013, on increased sales.
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Shanghai cif copper premiums slip as arbitrage window narrows

2014 February 25
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Shanghai cif copper premiums fell by about $5 per tonne on Monday February 24, against the previous week, on an unfavourable arbitrage between London and Shanghai.
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Hydro to invest in new production line

2014 February 25
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Norwegian aluminium producer Norsk Hydro will invest €130 million ($179 million) in a new production line at its rolled products plant in Grevenbroich, Germany, in a move aimed at increasing its capacity in automotive products.
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MILLING ABOUT: Dentoom to step down as Sucden non-exec

2014 February 25
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Nigel Dentoom is to stand down as non-executive director of London Metal Exchange ring dealer Sucden Financial at the end of his three-year term.
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CHINA STEEL WRAP: Most prices down amid weakened sentiment

2014 February 25
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China’s spot steel prices mostly fell on Tuesday February 25 amid a general negative outlook in the market.
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LME OFFICIALS: Zinc backwardation grows as prices hold near $2,050

2014 February 25
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Nearby zinc spreads continued to trade in a backwardation in official trading on the London Metal Exchange on Tuesday January 25, while outright prices traded marginally higher.
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MB 20th BAUXITE & ALUMINA CONF: Index-linked pricing will grow, BHP exec says

2014 February 25
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Alumina index pricing accounts for about 41% of third-party sales, a figure that will continue to grow as index-linked pricing evolves, a senior executive at BHP Billiton said.
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MB 20th BAUXITE & ALUMINA CONF: Alcoa’s Reyes sees 2m-tonne alumina surplus in 2014

2014 February 25
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Timothy Reyes, president of Alcoa materials management, has tentatively predicted that the global alumina market will show a 2 million-tonne surplus in 2014.
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MB 20th BAUXITE & ALUMINA CONF: Indonesia bauxite supply gap will be hard to fill, Rio exec says

2014 February 25
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There are a few short-term alternatives for China to find bauxite if the Indonesian export ban persists, but the supply gap will be hard to fill, a senior executive at Rio Tinto Alcan said.
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