Articles Tagged "industries"

Defeated ArcelorMittal Lowers Tin Price

Tin Investing News reports on the market forces picking on tin prices. The South African steel group, which has its origin in India, has agreed to cut tin-plat prices between 26 per cent to 30 per cent from September 30, 2009. The company maintains that the slashing of price is in line with an agreement [...]

A Rosier Outlook for Japan’s Economy

Aluminum Investing News reports aluminum demand has improved in Japan. Aluminum stockpiles in Japan dropped by 15 per cent in June from a month earlier to the lowest level since July last year. Inventories in Yokohama, Nagoya and Osaka ports fell to 207,600 metric tonnes at the end of last month compared with 243,300 tonens [...]

Platinum gets mixed response as crude oil drops

Platinum Investing News reports platinum price dropped slightly. It may seem odd that the bankruptcy of a major consumer of platinum would be positive for prices; however, over the past weeks the metal’s price already reflected the impending bankruptcy.  Now the market has shifted its focus, and like all precious metals, platinum has seen a [...]

Stronger greenback puts the brakes on copper’s rally

Copper Investing News reports copper fell today on a stronger dollar. Copper for three-month delivery fell 3.4 per cent, to $5,055 a tonne on the London Metal Exchange. Copper futures for July delivery fell 7.4 cents, or 3.1 per cent, to $2.2995 a pound on the New York Mercantile Exchange’s Comex division. In Shanghai, copper [...]

Rip Might Show In Coal Supply/Demand

Coal Investing News reports coal stocks in the US have been doing well. Shares in Indonesia’s biggest coal producer, PT Bumi Resources Tbk (BUMI.JK), jumped by as much as 8.4 per cent on Monday on news that China had placed orders to buy 8 million tonnes of coal from it in 2009. “Eight million tonnes [...]

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 [...]

Oil Price Peaks And Slides

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 [...]

Platinum to mimic gold?

Platinum Investing News reports platinum price has rebounded this year. The metal is tracking gains in gold; as investors seek a safe haven for wealth protection. Platinum is less than half the price it was a year ago, and the price differential with gold has narrowed to almost zero.  On the industrial side of things, [...]

Wall St. woes hit platinum

Platinum Investing News reports platinum has been falling due to the poor economy. Platinum refiner Johnson Matthey expects the price of platinum to range between $700/oz and $1,400/oz in the next six months, with the outlook for the market more uncertain than it has been for many years. “The dramatic fall in the platinum price [...]