News item
25 Mar 08
Who will help Mr. Ackermann?
The European Commission has announced that the growing global economy will influence the producing community in Europe more and more – including in questions of availability and cost of commodities. In the course of the second half of this year the Commission will submit a communication on this subject. The goal is an integrated attempt in commodity policy which will sustain commodity supply. This is all well and good, but also sad to see that the executives in the European Union are using up time in consultations, while the various market entities have already split up commodity supplies and resources amongst themselves. Even before the European Union begins its deliberating, a complete change in thinking with regard to raw materials is necessary, no matter what, which includes looking more into own resources, i.e. secondary raw materials. Europe will be forced into this simply by outside pressure.
LME (London Metal Exchange)
| LME Official Close (3 Monate) | ||||
| March 20, 2008 |
||||
| Nickel (Ni) | Copper (Cu) | Aluminium (Al) | ||
| Official Close 3 Mon.Ask |
28.500,00 USD/mt |
7.665,00 USD/mt |
2.808,00 USD/mt |
|
| LME stocks in mt | ||||
| February 25, 2008 |
March 25, 2008 |
Delta in mt | Delta in % | |
| Nickel (Ni) | 47.976 | 47.622 |
- 354 |
- 0,74% |
| Copper (Cu) | 149.225 | 120.175 |
- 29.050 |
- 19,48% |
| Aluminium (Al) | 950.900 |
1.035.350 |
+ 84.450 |
+ 8,88% |