London Metal Exchange launches India scrap futures

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 […]

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Lead and zinc miss out on the commodities super cycle party

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 […]

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Gold prices shoot up by Rs 1,395 to Rs 41,705 per 10 grams; silver rises by Rs 2,889 to Rs 38,100 a kilo

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 […]

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