Silver – The Economic Times reported that Morgan Stanley has lowered its gold and silver price forecasts due to Federal Reserve Chairman Ben Bernanke's assertion that the central bank may restrict quantitative easing or end it altogether.
Articles Tagged "morgan stanley"
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.
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.