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Welcome to our monthly e-newsletter. If you have any questions, comments or suggestions, please contact news@metalreg.com.
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In this month’s issue:
· LME - To 'soft launch' its Regional Steel Billet Contracts on Monday 25 February 2008.
· LME - Lists additional brands to its Steel Billet Contracts
· LME - Announces its plans for potential Future Non Ferrous Contracts
· SHFE - Advises its 'Good Delivery' Requirements for Gold Producers
· MMTC - Seeking Joint Venture Partners to Set up National Warehousing and Logistical Network
· EU REACH REGULATION – New E-learning tool for non experts available
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 LME TO 'SOFT LAUNCH' ITS NEW REGIONAL STEEL BILLET CONTRACTS The London Metal Exchange, is on target to commence trading on Monday, 25 February 2008, of their Far Eastern and Mediterranean Steel Billet Contracts via its electronic platform, SELECT and by inter-office telephone trading between members. This precedes the 'hard launch' which is scheduled to commence trading on Monday 28 April 2008 over the Floor of the Exchange.
Please go to:- http://www.lme.com/steel-whatsnew.asp |
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LME LISTS ADDITIONAL BRANDS TO ITS STEEL BILLET CONTRACTS The London Metal Exchange has approved the following additional brands which are good delivery under its Far Eastern and Mediterranean Steel Billet Contracts:-
Please go to:- http://www.lme.com/what_branding.asp
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LME TO CONSIDER FURTHER METALS FUTURES CONTRACTS The London Metal Exchange, on 9 January 2008, announced that it will begin a review over the next three months of the viability of introducing minor metals futures contracts. Initial work will focus on cobalt and molybdenum with the possibility of extending the review to cover bulk ferro-alloys.
It was further announced that the London Metal Exchange would not be progressing work on establishing a magnesium futures contract. Initial consultations commenced during September 2007, but based on the report's findings, it has been considered that this would not be deemed a viable contract. |
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SHFE - LISTS PRODUCERS UNDER ITS NEW GOLD FUTURES CONTRACT The Shanghai Futures Exchange confirms its 'good delivery' requirements for gold producers. Domestic producers to refine gold to a minimum purity of 99.95%. International producers to hold London Bullion Market Association (LBMA) accreditation.
The SHFE's nine approved gold brands, refined by domestic producers, are:-
For further information, please go to:-
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MMTC - SEEKING JOINT VENTURE PARTNERS TO SET UP NATIONAL WAREHOUSING AND LOGISTICAL NETWORK Government operated Minerals and Metals Trading Corporation Ltd (MMTC) is planning to establish a warehousing and logistical network throughout India. It is seeking a minimum of two strategic partners for this venture. This is to support its proposed commodity exchange being formed with brokerage firm, Indiabulls Financial Services Ltd.
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EU REACH REGULATION - NEW E-LEARNING TOOL AVAILABLE FOR NON EXPERTS An internet based 'REACH learning tool' has been developed by three European consultancies to provide a basic understanding of REACH legislation in an easy to use format.
The tool provides a general introduction and overview of the legislation using graphics and an audio presentation. This can be downloaded by clicking on the following link:- http://www.ereach.dhigroup.com/ |
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