Tuesday’s Oil prices were a bit volatile, but now Oil rose again on expectations of OPEC’s output cuts extension. As Thursday is nearing, the OPEC meeting is giving a support to global oil prices. There were some losses earlier today in the session. After White House said it would sell off half of the country’s […]
May 23rd; Main events in financial market: Sterling slips after deadly Manchester terror attack Global stocks mixed in cautions trade Oil price oscillates as OPEC meeting draws closer Euro zone business activity rises at fastest pace since 2011 Bitcoin keeps growing; tops $2,200 For further info on these subjects, visit: www.investing.com The monthly analysis […]
Mining industry executives expect new mining boom in Mongolia. It is going to start very soon. It will open about 21% of country’s territory. Which is more than one-fifth, in order to explore its mining potential. Mongolia goes through financial IMF-led bailout. And it currently removed the main obstacle of $5.5 million which was affecting […]
Further production of Electric vehicles will rise demand for base metals Electric vehicle market will to boost for 13.7% of global car sales in 2025. This means that copper, aluminium and nickel could highly benefit on these movements. If we estimate a situation in which 100% of the world’s vehicles were electric, this would impact […]
The most important Events in the Market Today: Oil is extending rally as investors wait for OPEC meeting on Thursday Global stocks mostly higher as markets recover poise Dollar creeps up off 6-month lows British pound slides as U.K. threatens to quit Brexit talks Bitcoin tops $2,100 for the first time! For further info on […]
As a weaker dollar pushed investor appetite for commodities, base metals prices on the SHFE went up during Asia morning trading today. Firstly, the most-traded July copper contract on the Shanghai Futures Exchange rose 580 yuan ($84.30) or 1.3% to 45,880 yuan per tonne as of 03:30 BST. Secondly, over 250,000 lots of the contract […]
Important weekly events (Short Recollection) Friday was a day when Oil futures came to a four week’s high. The prices scored a weekly rise of more than 5%. And most noteworthy the optimism on upcoming production cuts rose the positive expectations and market movement. The cuts will be extended to next 9 months. Starting from […]
Khalid al-Falih today said that Oil output cuts are definitely going to take its place till march 2018; Global Production cuts are going to recover Oil market in further 5 years. As it is planned. The aim of OPEC and non-OPEC allies is to curb the outputs and lift the Oil prices, in order to […]
Wednesday, May the 17th was the day when U.S. stocks felt the worst decline of 2017. The world’s top investors survived huge risks and have lost the amounts of money, due to reports that came out about President Trump, and the market movements which followed. Observing the indexes, The Dow definitely had the worst […]
Refined zinc imports Starting with this month, China has the plans to increase refined zinc imports. As vanishing global supplies have a big impact on the local zinc outputs; they aim to cover the deficit by boosting the refined zinc imports. Observing the China’s refined zinc production, in April it came to the lowest levels […]