Iron ore is the most heavily-traded dry cargo globally. India participates both as an exporter and importer. It is only expected that prices in the world market will have its impact in India as well. The fluctuations in iron ore prices In this decade alone have been astounding. Iron ore prices peaked at $187 a […]
Has gold’s rally finally come to an end? Prices of the precious metal rose to all-time highs in early August, but since then have come off 10% from those levels. Investors are probably weighing whether to remain invested in the commodity. However, Sprott CEO Peter Gross I old sees the recent pullback as “a healthy […]
The spread of the Covid-19 pandemic led to lockdowns and economic devastation across the world. The story for commodities was far more nuanced, reflecting that the pandemic was not your run-of-the-mill global recession. The story for 2021 is likely to be dominated by the recovery from the coronavirus, especially since it now seems likely that […]
Australia’s ties with top trade partner China soured in 2018 when it became the first country to publicly ban China’s Huawei from its 5G network, and worsened after Canberra called for an enquiry into the origins of the coronavirus. Tit-for-tat diplomatic reprisals have since followed, including raids on the homes of Chinese journalists in Australia, […]
If the government of Prime Minister Narendra Modi needs to realise its vision of Atma Nirbhar Bharat quickly, it has to look no further beyond the base metal copper. Until two years ago, India was a net exporter of the red metal, but has since turned into a net importer following the closure of the Sterlite […]
After a brief respite for crude oil prices on promising results from the much-anticipated Covid vaccine, the fossil fuel has resumed its downward march. A surge in fresh virus cases and related restrictions are weighing on oil prices as the number of people who have died from covid in the US has now crossed 250,000. […]
For the sugar season which has started, the annual production is estimated to be 326 lakh tonne, without any diversion towards ethanol, and the season has started with opening stock of 107 lakh tonne. Thus India’s sugar stock at the end of the season is estimated to be a whopping 433 lakh tonnes. Domestic consumption […]
Copper bulls are gaining traction as Democrat Joe Biden appears to be widening his margin of victory over Republican Donald Trump in the US presidential polls, bringing with it the prospect of an economic stimulus package. Even though it is unclear now how much control the Republicans will have over the senate — which will have […]
Democrat Joe Biden’s victory in the US presidential polls will likely herald a Tale of Two Commodities: gold and crude oil marked by their contrasting fortunes. While gold is likely to acquire a brighter hue in coming weeks with a decisive victory for Biden, crude oil is likely to go in the opposite direction. The […]
With a closely-fought election edging slightly towards Democrat nominee Joe Bien, crude oil prices are edging downwards in anticipation of more fuel supplies reaching global markers. On Thursday, Brent crude fell 0.4% to $41.06 a barrel and West Texas Intermediate down 0.7% to $38.87 a barrel. A Biden administration is seen as less bullish for […]
