Metal Prices
The LME Aluminum Cash Settlement contract inched lower marginally from $2,480.00 a day before to $2,436.50 per tonne.
Palladium headed for its biggest gain since March 2020 as the UK government targeted Russian metals — but not palladium — with new sanctions.
Many speculate that China’s slowdown will not only undermine metal prices but also put China at risk of experiencing a Japan-style decade of deflation. A recent Financial Times article suggests that China has tried various measures to stimulate economic growth.
China's abrupt announcement this week that it will restrict exports of some germanium and gallium products from Aug. 1 is expected to disrupt global supply chains for semiconductors.
Copper prices drifted lower on Wednesday as a double-digit decline in China's industrial profit in the first five months weighed on sentiment, though losses were limited by tight global inventories and demand hopes.
Iron-ore prices touched record highs this year, but look to suffer their biggest monthly loss ever as China’s curbs on carbon emissions include limits on the output of steel, hurting demand for the raw material used to produce it.
China announced plans on Wednesday to release copper, aluminium and zinc from its national reserves to boost market supply and guide commodity prices to a return to normal ranges.
In our initial article we discussed the basic idea behind hedging, that is, using the futures market to protect the value of inventory you may have on the ground. Conversely, hedging may also be appropriate when you want to provide protection against an unwanted increase in prices.
Trading hours on base metals market will shorten this week, because of the Boxing Day in the UK and New Year holiday. Market will digest a series of economic data this week.
SMM predicts that base metal prices are likely to waver.
The SHFE base metal prices are expected to rise significantly on Greece deal.
The plunge in Chinese stock markets along with Greek concerns has led to sharp sell-off in base metals.
China's Galaxy Magnets said in a record for its investor relations activities that it expects a rise in rare earth prices
Shanghai Metals Market will launch its China Previous Metals Price Index from August 1 on its both Chinese website (www.smm.cn) and English website (www.metal.com).
The most recent survey conducted by the Chilean Copper Commission (Cochilco) indicates that the country’s market experts have further cut the 2014 price forecasts for copper
Copper price increased to an 8-week high on Monday even though the expected demand in China would jump upwards in the coming term.
London Metal Exchange (LME) Copper has attained a 2-week high supported by improved Chinese demand.
The nickel export ban in Indonesia on March, 2012 added new colors to the world nickel trade. The price of nickel has leaped above $17,000 per tonne in ongoing trade. As per the report, several investors are pleased to invite the rise of the nickel prices.
Concerns over imminent global short supply took aluminum prices to new heights, the highest of this year
According to market sources, the prices of L8 and L10 pig iron slipped heavily in the Chinese Hebei province
Owing to the rising scrap price, the rebar mills in Taiwan may stop their offering temporarily, as per the latest report.
Steel exports increased 10.5 percent in January 2014 compared to December 2013 but were down 10.6 percent compared to January 2013