Zinc – Platts reported that Commerzbank AG analysts believe that, contrary to the prevailing viewpoint, production from new zinc projects expected to soon come online may not offset "the large existing mines that are depleting."
Articles Tagged "Commerzbank AG"
Zinc – Bloomberg reported that Commerzbank AG said zinc is holding above the key support level of $1,812 per metric ton and may rise to as much as $1,974, higher than it has been since March.
Nickel – Bloomberg reported that nickel dropped in London after figures showed that China’s manufacturing expansion was at its slowest in four months.
Nickel – Bloomberg reported that nickel fell in London as LME data shows stockpiles have climbed 7.8% this year, and may leave ample supplies.
Zinc – Bloomberg.com reports that a techincal analysis by Comerzbank AG predicts that zinc may climb to $2,736 a metric tonne, which would equal a 9.9 % increase from it’s current price. The story is quoted as saying: Zinc has maintained upside pressure following the break above the four-year resistance line and the 200-week moving average,” Axel [...]
Palladium – Gold fluctuated near a record in London on concern that the metal’s advance as an alternative investment to a weakening dollar may have been overdone. Platinum and palladium are more attractive than gold in the long term as the metals may benefit from wealth protection and increasing industrial demand, Commerzbank AG analysts including Eugen Weinberg [...]