Despite a bleak 2009, brokerage Credit Suisse released a note that is very bullish on the 2010 outlook for potash. During the last bull-run, high crop prices and limited potash supplies drove the price of the nutrient up to $1,000 USD per tonne, from $150.
Despite a bleak 2009, brokerage Credit Suisse released a note that [...]
Crude Investing News reports crude oil did well for about 4 days and fell on Tuesday.
Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
After nose-diving from a peak [...]
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Palladium Investing News reports one analyst have predicted that palladium prices could be in a range of $125 to $300 per ounce.
In his opinion, the outlook for palladium is positive in some of its applications. But a worsening economic climate and the possibility of a stronger US dollar could send palladium to as low as $125/oz during the [...]
Zinc Investing News reports zinc prices did not perform too well last year.
As prices plunged in 2008, many companies announced production cuts. When it comes to zinc, output cuts lent stability. Since mid-November the metal only fluctuated by $100 per tonne. On the other hand, lead lost $400 per tonne over the same period. Most [...]
Aluminum Investing News reports aluminum price has fallen more than 50% since July last year.
To kick off 2009, the aluminum market received some positive news as the metal climbed to a three-week high in Shanghai trading. The announcement of a plan by the Chinese government to buy 290,000 metric tons of the metal to boost [...]
Heavy Oil Investing News reports low oil prices and a tight credit market, the outlook for heavy oil and oil sands are pretty grim.
Indeed, Bloomberg is reporting that Jacobs Engineering Group Inc (NYSE:JEC) predicts a decrease of US$40 billion worth of oil sands-related projects, from US$120 billion to US$80 billion, largely due to reduced prices.
For complete story, [...]
Friday, January 22, 2010
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