Oil – Bloomberg reported that Finance Minister Palaniappan Chidambaram said India is mulling over the possibility of freeing the prices of oil drilled locally in order to lure more foreign investors.
Palladium – Bloomberg reported that the euro weakened which triggered palladium to fall 0.4%.
Nickel – Bloomberg reported that price swings in nickel have slid to the lowest levels in ten years, a sign that the increasing supplies and a slower Chinese economy have discouraged investors from the market after years of high returns.
Platinum – Bloomberg reported that platinum supplies have reached their lowest levels in 13 years as the world’s biggest producer of the metal has shut down its mines in South Africa. The increase in automobile sales has also contributed to the supply deficit.
Oil – Reuters reported that the price of oil went up on Friday after U.S. Republican leaders of the House of Representatives confirmed that they would seek to put an end to the budget impasse next week.
Tin – Bloomberg reported that as the demand for metals increase, tin has risen to an 11-month high, with a 2% increase.
Zinc – Glencore International Plc, seeking a $33 billion takeover of Xstrata Plc by the end of the year, may retain its credit rating at Standard & Poor’s after finishing the deal to create the fourth-biggest miner.
Zinc – Standard & Poor’s GSCI gauge of 24 commodities fell 0.5 percent to 646.50 by 4:39 p.m. in London. The UBS Bloomberg CMCI index of 26 raw materials was down 0.2 percent at 1,577.6073.
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