Rare Earth – Seeking Alpha reported that Morgan Stanley believes that demand for rare earth oxides have troughed, but that a potential oversupply could continue to put pressure on prices.
Articles Tagged "morgan stanley"
Copper – The futures of copper delivery for July fell the morning of May 6 to $3.3015 per pound, a decline of about $0.013, on the Comex in New York.
Iron – Bloomberg reported that iron ore is set for its first surplus in at least 10 years as production increases despite slower demand from Chinese steel mills.
Iron – Bloomberg reported that Vale SA has fallen to its lowest since September 4 as Goldman Sachs Group lowered its estimate for iron ore and cut the price target on its American depository receipts.
Iron – Bloomberg reported that Australia, which is the biggest iron ore exporter in the world, said it expects the value of exports to reach A$205B in fiscal year ending June 30, 2014.
Iron – Bloomberg reported that according to Morgan Stanley, iron ore will decline over the rest of 2013 as supply increases and rally triggered by China restocking ends.
Nickel – Bloomberg reported that nickel prices declined as much as 3.1% in London on signs of a weaker economic growth in China.
Tin – Bloomberg reported that Indonesia, which is the world’s largest supplier of tin, is set to ship the least metal in 10 years, thus extending the supply shortage to a fourth year. It is expected that tin prices will rise 17% on the London Metal Exchange.
Silver – Silver spent half the week adding to its string of gains. It also showed its ability to outperform gold, but was later overcome by pressure and declined.
Iron – Bloomberg reported that Morgan Stanley has increased its iron ore prices forecast for 2013 on expectations that China’s economic growth will continue to rise on a rapid pace.