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Copper Updates

Copper facing supply threats in 2017

Two worlds’ major copper mines are shut impacting the global copper prices. Freeport’s Grasberg copper concentrate mine in Indonesia have stopped the production ore the export ban rules by the government. The company is currently not producing since the January 2017. Last year, the mine produced 670,000 tonnes of copper […]

China PMI Back To Safe Zone

The Chinese manufacturing PMI clocked 50.4; high last seen in September 2014. Caixin Manufacturing Index also figured above 50 mark consistently for 2 months in a row. This merely erases doubts over Chinese economy, if any. Production and total new orders both rose at slower rates, while export sales continued […]

Brace for a Paradigm Shift

This morning have been outrageous in terms of surprises in commodity market. China resumed work yesterday after week long national holiday. Global equities are braving the aftermath seen the previous month. The real winner was the commodity market news that Glencore would be cutting its zinc production by 500,000 tonnes […]

When Miners Start Playing FED

Commodity prices have come under immense pressure since 2013. Slowing China’s economy, lower crudeoil prices dragging oil producing nations GDP, Weak Europe, Japan and Australia have all contributed to the downside in commodity prices. In fact commodity prices are in long term bear cycle. The latest Non-Farm employment data from […]