Another reason why copper prices have snapped its downside move is the drop in production from Chile – the largest producer of copper in the world. Chile is facing its worst drought in its history with January being one of the driest of all time. The drought reportedly began from […]
An update to our previous blog – Not so key decision on Keystone – US Commodity Market News
After more than two weeks of exchange of words between Germany and Greece, finally the gateways are open for the new deal in the “Great Greek Drama”. Last week on Saturday, Germany approved a four month extension to the debt payment to be made by Greece to its international creditors, […]
MCX Lead weekly chart was traversing along the diagonal channel since the end of 2009. The prices tested an all time low of 40 in 2008 when prices took a severe beating. While in the mid 2013, prices made a new high of 155.4 levels along the diagonal channel.
Copper prices are finding support since last week as more than 2,000 workers went on strike at Barrick copper mine after a tussle between Revenue authorities and the workers. The strike happened in January when Zambia hiked royalties for the open pit operations to 20% from the existing 6% which […]
The Nickel prices are taking a dramatic turnaround. The reversal is so much pronounced that the story on which Nickel prices rallied by more than 40% in the first half of 2014 looks forgotten.
In the latest report from China’s Central Bank, China’s economic growth is expected to slow down to 6.9% and 7.1% this year, as the Asian giant attempts to ward off deflation risks. As the fixed asset investment growth cools further this year on account of falling state investment and a […]
As suggested in our previous article, Bears taking charge of MCX Gold, the MCX Gold prices successfully tested 26600 levels on 12th Feb 2015.
The year 2014 would always be better known in commodity markets for the greatest downside in Crude Oil prices. At the very start of third quarter of 2014, prices took a beating on fundamental demand and supply parameters. WTI prices collapsed from $107/bbl to test $44/bbl on 29th Jan 2015.
US Midwest aluminium premiums could be poised for a fall amid bloated inventories, weakening premiums abroad and increased import competition, market sources said as levels held steady over the past week. AMM’s assessment shows the current level for the spot P1020 premium, which remains unchanged at 24 to 24.25 cents […]