Articles Tagged "increase"

Uranium Prices Continue to Climb

Uranium – Spot uranium continued to demonstrate upward price movement, increasing $0.75 to $46.00 per pound reported by Trade Tech and $46.50 from UxC trade consultants. The bulk of material was purchased by intermediaries, although utilities, producers, and intermediaries all participated in buying contracts.

India Seeks Coal

Coal Investing News reports India is seeking coal and is on a buying spree. Coal India, the world’s biggest coal miner, aims to import 50 million tonnes of thermal coal a year from Australia, Indonesia and Mozambique from 2016-17 to cover a forecast increase in demand for power, chairman Partha Bhattacharya said. India imports Australian [...]

Demand Bouncing Back

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 [...]

Tin Tops Trade

Tin Investing News reports tin prices soared. Due to domestic demand for domestic steel price, the price of tin plate has soared. The latest monthly EXW price of Xindzhong Steel Sheet in the East China region showed continued stocking increasing up CNY 200 per tonne around over last month. For complete story, click this link. [...]

Crude oil headed for $71.55 a barrel

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 [...]

Canada’s Centerra Gold Spark

Gold Investing News reports a deal between Centerra Gold, a Canadian company and Kyrgyzstan’s lawmakers. The settlement will raise the state’s share in Canada-based Centerra Gold Inc. (CG.TO), which owns the lucrative Kumtor mine, to 33 per cent from 15.7 per cent previously. In addition to increasing Kyrgyzstan’s role in the Kumtor project, the $100 [...]

Downward pressure on oil price

Crude Investing News reports crude price fell about 40 cents this week. Weak crude demand and rising inventories have kept prices from rising higher. Storage facilities for crude oil in the U.S. have been swelling since the end of February, bloating to a nearly 19-year high last week. The signs were clear though. U.S. fuel [...]

Coal Sees Glimmer Of Light

Coal Investing News reports coal sees a brighter light with spring contract supply negotiations. While the result is less than half of fiscal 2008’s record price of $300 a tonne, it still points to one of the best years ever for coking coal prices and implies that Canadian coking coal producers could enjoy a better [...]

Demand for tin shoots up

Tin Investing News reports tin has a better recovery potential than other base metals since there isn’t any inventory buildup. Recovery, though, is not here yet, analysts state, and further price strength will only come from what looks set to be a war of attrition between the bulls and bears. Moreover, any resumption of bad [...]