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Speaking about base metal market on September 4.. We see copper up for +0.9%, nickel +0.9% and tin 0.2%. All the prices pushing higher. On the other hand, the rest are weaker. Or little changed with aluminium off 0.8%, zinc off 0.5% and lead flat. After Friday, Today’s volume of trade is high, with 14,593 […]
Top 5 things to pay attention to this week: ECB policy meeting U.S. ISM services PMI UK PMIs China trade figures Bank of Canada rate decision China steel future prices: In the beginning, China’s steel future prices jumped to their high this morning. It is the highest in 4 and a half years. The […]
Global demand Base metals demand is boosted up and supported by the Chinese economy data, PMI index rising to 51.6, from 51.1. This morning the prices were up average 0.1%. Nickel prices were upside than down finishing with the 0.8% gain. Following with tin price up about 0.3%, while aluminium lifts up for 0.2%. […]
Top Things to know in market on Thursday China plans safety inspections at coal mines U.S. acts to finalize duties on imports of rebar from Taiwan Zambia’s CEC to restore full power to Glencore’s Mopani Copper Mine Brazil judge blocks decree opening Amazon area to mining Vedanta Resources names ex-CEO Kaura as interim chief […]
Country’s point of view Indonesia explains who got the better outcome in deals for future of the Grasberg copper mine. Freeport agreed to divest a 51 percent stake the world’s second-biggest copper mine. Firstly, right after the deals were concluded, Indonesia’s Energy and Finance Ministries posted on social media #FreeportTaatIndo nesiaBerdaulat. Meaning “Freeport is submissive, […]
Intro LME base metal prices are staying strong, at their current levels. Nickel and copper consolidated their recent gains. It was surely expected after few days of constant growth. Three month copper price went loosely up, but has again fallen to the level below $6,800 per tonne. “Copper prices have had a strong run to […]
Top 5 things to know in markets Today: North Korea fires missile over Japan Global stocks sinking as a result of North Korea actions Investors pile into safe-heavens Euro rises above 1,20$ for the first time since 2015 ! Energy markets continuing to process Harvey hurricane consequences Zawiya oil refinery in Libya: Not operating […]
Hurricane Harvey During the weekend a huge hurricane hit U.S. Gulf coast! It crippled Houston and flooded the Texas area. The port in Houston is damaged really serious and it knocked down the crude production in numerous refineries along the shore. Gasoline prices hit two-year highs, influenced by massive floods caused by the storm. It […]