Chinese Copper Premiums Swell to 7-Month High
Copper – Reuters reported that an up tick in demand, coupled with sparse inventories, have pushed Chinese copper premiums to a 7-month high.
Copper – Reuters reported that an up tick in demand, coupled with sparse inventories, have pushed Chinese copper premiums to a 7-month high.
Copper – Copper prices fell in London on the back of reports that China may cut its demand for the metal and that the US economy is improving.
Coal – China's "control coal" policy may not bode well for the United States, which plans to ship the fossil fuel to Asia via West Coast terminals.
Diamond – Bloomberg reported that the price of diamonds will rise 6 percent per year until 2020 as output fails to meet increased demand from China and India, according to BMO Capital Markets.
Palladium – MetalMiner reported that yesterday, Chinese palladium bar prices fell by 5.7 percent, while prices for US palladium bars went up by 1.7 percent.
Cobalt – MetalBulletin reported that if prices for cobalt metal remain under $13 per pound, Chinese buyers will likely switch to metal from concentrate.
Coal – Bloomberg reported that this year, Erdenes Tavan Tolgoi LLC will start mining the West Tsankhi coal area, located in Mongolia, in order to get out of debt and pay off Aluminum Corporation of China Ltd. (NYSE:ACH).
Copper – Copper for July delivery fell to $3.283 a pound on the COMEX in New York the morning of May 14, a decrease of $0.0755.
Graphite – New uses for "wonder material" graphene are popping up left, right and center, most recently in the lithium-ion battery market. But is now the time for investors to get involved?
Iron – Rio Tinto, (NYSE:RIO, ASX:RIO, LSE:RIO) a major producer of iron ore, said it expects Chinese demand for the steelmaking commodity to rise this year, Reuters reported.
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