Tin Investing News reports tin prices trudges on. The seven smelters, which have a combined capacity of around 2,800 tonnes a month, had shut operations in late August due to lack of tin ore supply after a crackdown on illegal tin mining. This could be the wake-up call needed for tin prices, which are still [...]
Iron Investing News reports the global commodity market is bouncing back. BHP, the Anglo-Australian company’s involvement in the full range of mining, from iron ore to diamonds to coal, gives it a broad take on the overall state of the commodities market. Last November, BHP Billiton was forced to defer delivery of 6 million tonnes [...]
Nickel Investing News reports nickel prices fell almost 80% in less than two years, In the meantime, it is going to take time for the nickel industry to adjust to the current economy. The global nickel market will be in an 80,000 tonnes surplus in 2009, as falling demand continues to outpace cutbacks made by [...]
Iron Investing News reports iron market moving towards a gloomy start. “We need to recognise the fundamentals of the market. The market would show that it does need a downward adjustment this year,” said Sam Walsh, head of Rio’s iron ore division. But given the potential for a recovery in industrial demand at some stage [...]
Gold Investing News reports gold lost about 4% after G20 meet. “High gold prices and extreme volatility in prices are affecting us,” said Joy Alukkas, chairman of Joyalukkas Group, a leading India-based gold and diamond retail chain with 40 major outlets across the world. He said the March 2009 earnings of Joyalukkas Group had fallen [...]
Crude Investing News reports oil prices sliding and peaking at various periods. Oil prices soared higher on the prospects of a rebound in energy demand. “The market thinks the worse is behind us and that we’re heading toward recovery at the end of the year, early next year,” Fitzpatrick said. Spreading worldwide recession has ravaged [...]
Moly Investing News reports moly prices are at around $9 per lb. Molybdenum managed to hold its price point longer than other metals; but in the fourth quarter of 2008 the steel industry’s defeat sent molybdenum on a free fall. Around 70 per cent of molybdenum demand comes from steel production, and with steel producers [...]
Iron Investing News reports iron-ore miners are looking for a price rise. The miners, which only a month ago were hoping to avoid a decline and keep prices flat, say a recent uptick in demand from China may signal that the market has bottomed out. They also note that spot prices have inched up since late [...]
Heavy Oil Investing News reports the recent jump in oil price was caused by a drop in inventories. The rally in oil contrasted with the grim global economic picture. The U.S. Labor Department said the number of American workers drawing unemployment aid jumped to a record high of nearly five million, highlighting the deterioration in the [...]
Gold Investing News reports the advantages of holding gold. According to World Gold Council’s ‘Gold Demand Trends’, identifiable gold demand in tonnage terms rose 4 per cent on previous year levels to 3,569 tonnes. As shares on stock markets around the world lost an estimated $14 trillion in value, identifiable investment demand for gold, which [...]
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