Projected growth for steel combined with Chinese firms investing in foreign molybdenum producers could provide investors with unique opportunities at a good value.
By Melissa Pistilli-Exclusive to Resource Investing News
Copper Investing News
The economic woes of the world’s top two copper consumers have placed downward pressure on benchmark copper prices. Copper on the LME fell to a one-month low of $7.194 Friday.
China’s decision to lift the yield on central bank bills and put the breaks on lending has dampened [...]
By Melissa Pistilli-Exclusive to Resource Investing News
Coal Investing News
Coal prices have been comatose for the last six months, but institutional money poured back in this week. Deutsche Bank AG also raised its 2010 forecast by 36 per cent to $175 a tonne.
Recovering coking coal prices are expected to fuel an investment boom in Queensland [...]
By Melissa Pistilli-Exclusive to Resource Investing News
Copper Investing News
After a screaming rally, the fastest on record, copper prices fell around the world Tuesday pushed down by concerns over swelling stockpiles, which are rising as miners up production to take advantage of higher prices.
There are concerns that copper prices are inflated because demand is actually down, [...]
Tin Investing News reports tin prices soared.
Due to domestic demand for domestic steel price, the price of tin plate has soared. The latest monthly EXW price of Xindzhong Steel Sheet in the East China region showed continued stocking increasing up CNY 200 per tonne around over last month.
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Aluminum Investing News reports aluminum dumping is investigated recently by Australia.
Australia is investigating the alleged dumping of aluminum extrusion products by China, the world’s largest producer of aluminum, after a formal complaint was filed by a domestic producer.
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Nickel Investing News reports demand for nickel is at a 4 year low.
Nickel prices have rallied as much as 14 per cent since the start of the month, but are likely to remain volatile. Analysts predict gloomy prospects for nickel, given the enduring downturn in the stainless steel market, the main consumer of nickel.
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Iron Investing News reports iron market moving towards a gloomy start.
“We need to recognise the fundamentals of the market. The market would show that it does need a downward adjustment this year,” said Sam Walsh, head of Rio’s iron ore division. But given the potential for a recovery in industrial demand at some stage and [...]
Tin Investing News reports tin is doing well with the resurgence of the global markets.
Traders said tin prices were up partly because of the re-emergence of a dominant position controlling more than 90 per cent of warrants on the London Metal Exchange stocks. The dominant holding is also why the premium for cash material over [...]
Iron Investing News reports price of iron ore will be staying at a low mark.
Even as news comes filtering in that China has landed a 40 per cent price cut with the Top Three ore miners, final iron ore talks for fiscal 2009/2010 have yet to see the light of day.
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Tuesday, March 9, 2010
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