Resource Market Weekly Recap
Spot aluminum premiums have climbed to their highest price in nearly five years, in the face of mounting warehouse stockpiles. The amount of aluminum stored in warehouses has climbed to a 32-year high.
Spot aluminum premiums have climbed to their highest price in nearly five years, in the face of mounting warehouse stockpiles. The amount of aluminum stored in warehouses has climbed to a 32-year high.
Following the upward trend of vanadium prices, the price for iron ore fines has also improved. Despite a depressed steel market, a notable recovery is evident in the vanadium market since the year end, with prices reacting to positive market demand.
Molybdenum producers have had a busy week, with multiple mergers and new mining operations announced as demand rises.
Nickel prices have been increasing steadily over the last year and are trading around $22,700. Nickel has rallied around 20 per cent this year making it the strongest performer of the base metals complex.
Diamond Investing News reports diamond markets have been feeling the US recession worldwide. The industry was being buoyed by the purchases of the wealthy, an economic class that had yet to feel the “money pinch”. Unfortunately, under the surface a crisis was brewing- the smaller, mass produced diamonds that catered to the masses were sitting [...]
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