Glencore International and Credit Suisse have agreed to terminate their strategic alliance and replace it with a licensing and consultancy deal, Glencore told MB

I wonder how the profitability of London Metal Exchange brokers has been affected by all the changes in the market over recent years.

Fraudsters have been using base metals such as tungsten to exploit unwary gold investors with counterfeits and scams, the director of the International Chamber of Commerce’s Counterfeiting Intelligence Bureau has claimed

Physically-backed exchange-traded funds (ETFs) in base metals will not affect prices in the medium to long term because investors will sell back to the market if tightness appears, according to research by Goldman Sachs

Now that the dust has settled on another LME week, perhaps it’s worth having a look at some of the topics that were exercising the industry’s minds in London last week. The one area where there seemed to be almost total agreement was that prices still seem to be locked in a bull phase. But don’t get me wrong; that doesn’t mean everybody I chatted with was rampagingly bullish. Alongside those who take the view that commodity asset values can only go up, I found a surprising number who, almost despairingly, agreed that standing in front of the freight train of the current market was not an option.

Lord Copper has done well to draw attention to the groundswell of interest in ETFs in commodities, and particularly metals. It’s easy enough to see why the financial whizz-kids are interested in metals – they’re going up and the prospects are for them to go on going up. This is an ideal background for persuading your clients to go long of metals.