“It’s time to have faith in raw materials, and oil will probably recover to the mid-$60s by the end of the year.” Citigroup Inc. who joined Goldman Sachs Group Inc. said. Even if U.S. shale output may come “booming back” midst of higher crude prices, production control by OPEC and its leaguers should help neutralize […]
Essentially lower levels Base metals prices started a holiday-shortened week mostly on the defensive. With LME premarket trading on Tuesday April 18 seeing lower levels. – Potentially supportive macroeconomic developments were shrugged off. The exception was aluminium. It pushed higher on weekend news that planned Chinese capacity extensions were being put on ice. On […]
Brazil copper ore export volumes Brazil’s ore export volumes fell 4.7% year-on-year in March. Exports totalled 95,829 tonnes. Down from 100,528 tonnes in March 2016. The main destination for the Brazilian copper ore was India. With an intake of 31,583 tonnes last month. About 70% of the shipments came from the northern state of […]
Cost reduction The shale sector has become seriously attractive to investors. Not because of rising oil prices, but rather because producers have achieved startling cost reductions. Slashing up to half the cost of pumping a barrel. (In past 2 years). Investors also believe that oil sector is a good investment. They claim the glut […]
Steel Output Growth in March Growth of 6.9 percent was the fastest in six quarters! Forecasts beating March investment, retail sales and exports all suggesting the economy may carry solid momentum into spring. China’s economy rose faster than expected. In the first quarter as higher government infrastructure spending. Also a gravity-defying property boom […]
14 Apr 2017 LME/COMEX/NYMEX Closed for Good Friday LME/COMEX/NYMEX 17 Apr 2017 LME Closed for Easter Monday LME Friday, as well as Monday are holidays for LME. Friday was holiday for all the stock exchanges, while LME is not open yet. Tomorrow is the first Post-holiday working day. Post Easter Holiday News Monday. […]
Global Geopolitical risks remain front and center, following the bombing of Afghanistan. Most noteworthy, markets in Japan, South Korea and China closed lower on Friday. As geopolitical tensions in the region heightened, while other major bourses in Asia remained closed for a public holiday. In Japan, the benchmark Nikkei 225 closed down 91.21 points, […]
Lawsuit Mining company BSG Resources yesterday filled a lawsuit in federal court in NY . Beginning accusing a billionaire George Soros for this projects losses. While accusing him as a financier of this project, they said he was scuttling an iron ore deal in Guinea. They were claiming the damage was worth 10 billion dollars […]
Cochilco, Chile’s copper commission, has raised its forecast for the price of the copper in 2017. Wanting to reflect the impact of global supply breaks. The commission anticipates copper price to average $2.60 per lb this year. Which is up from its previous estimate of $2.40 per lb. Meanwhile, according to Cochilco’s vp, Sergio […]
A research Firstly, some very interesting news are happening. Following, U.S. said it would start an investigation into its import of biodiesel. As mentioned, this biodiesel is coming from Argentina & Indonesia. It is possible that there are some signs of dumping and subsidization in the importing process. In addition, the United States International […]