Aluminium prices have peaked, climbing to its highest level in more than 13 years, driven by concerns over supply in China, the world’s biggest consumer and producer of the metal. The most-traded October aluminium contract on the Shanghai Futures Exchange (ShFE) rose as much as 5.1% to 23,770 yuan ($3,683.27) a tonne, the highest level […]
Tin continues to be the unexpected star performer of the industrial metals this year. While the broader metals recovery rally shows signs of flagging, tin keeps punching out fresh all-time highs on both the London and Shanghai markets, Reuters reports. Last week, London Metal Exchange (LME) three-month tin touched $35,955 per tonne, eclipsing the previous […]
Global ferrous scrap prices, including in India, remain comparatively weak to iron ore, as the London Metal Exchange launches India scrap futures, allowing increased risk management with iron ore, scrap, coking coal and steel futures available through multiple exchanges. Scrap to iron ore ratios have remained weak, following sustained high iron ore demand in China […]
The London Metal Exchange (LME) said on Tuesday it will introduce a fee for priority access to its monthly off-warrant report. The fresh priority service gives buyers access to the off-warrant stocks reports three weeks before the free version is available on the LME’s website, the exchange said in a notice. In July 2020 the […]
Copper prices extended gains and traded at the high point of the day as investors took advantage of the lower price to build a fresh position. The non-ferrous metal had crashed to a five-week low on Thursday as strong US jobs data fuelled concerns that monetary policy could tighter. Copper delivery for June gained Rs […]
While most industrial metals are glowing hot in a post-pandemic manufacturing recovery and an emerging commodities supercycle, lead and zinc have remained subdued. Copper has hit all-time highs above $10,000 per tonne, with London Metal Exchange (LME) three-month metal futures trading above $10,350 a tonne. Tin has hit a 10-year high and aluminum is charging up towards […]
Base metals surged higher early this week, with copper rallying above $ 9,000 a tonne on estimation that increased demand driven by the recovery from the pandemic will spur a historic deficit, putting the economic bellwether on course for a record run of monthly gains. Nickel topped $ 20,000 a tonne. Copper climbed as much […]
Copper prices have been rebounding since the easing of restrictions imposed to contain the spread of coronavirus. With vaccine related developments picking up pace, copper prices have now scaled multi-year highs. Copper prices on the London Metal Exchange have gained more than 18% from early-October lows. In fact, copper prices are up almost 65% from […]
Gold prices jumped Rs 1,395 to Rs 41,705 per 10 gram yesterday (Friday), following rally in the international prices of the precious metal. On Thursday, the precious metal had closed at Rs 40,310 per 10 gram. Meanwhile, silver prices advanced Rs 2,889 to Rs 38,100 per kg against the previous close of Rs 35,211 per kg. In the international […]
Global equity selloff has had a ripple effect on the commodities markets with prices of major global commodities falling between 1 and 3.2 per cent on Friday. This is owing to the widespread coronavirus outbreak across the world which pushed the global economy into uncertainty, says a Business Standard report. The decline was sharper in India due to nearly […]
