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Base metals on LME edge higher today

Main events in today's market: Oil volatile on expectations of OPEC's final decision Rate hike odds drop after Fed signals gradual tightening Global stocks move higher after Fed minutes, OPEC in focus K. economic growth revised lower in first quarter Bitcoin rally keeps going; tops $2,600 For further info on these subjects, visit: http://www.investing.com LME Morning [...]

By | 2017-05-25T10:44:07+00:00 May 25th, 2017|International|0 Comments

SHFE: Copper Prices retreat, Other base metals divergent

Base metals prices and trends on the Shanghai Futures Exchange were on different paths this morning. Copper prices leveled higher after the dollar pulled-back on an uncertain outlook for post-June US rate rises. ''The most-traded July copper contract on the SHFE rose 140 yuan ($20) or 0.3% to 45,920 yuan per tonne as of 03:26 [...]

By | 2017-05-25T07:12:45+00:00 May 25th, 2017|International|0 Comments

Final foresight before OPEC’s official meeting on May 25th

OPEC and its non-OPEC allies oil producers, today in Vienna went closer to agreeing on prolonged output cuts. The OPEC will tomorrow definitely decide on whether to prolong the accord reached in December. Market participants expect an extension by nine months. Supported by the scenario in which OPEC's main member Saudi Arabia and top non-member [...]

By | 2017-05-24T17:31:41+00:00 May 24th, 2017|Oil Market|0 Comments

Gold dips impacted by macroeconomic factors

Top things to know in today's Market China downgraded by Moody's for first time since 1989 Metals slump on China downgrade Fed minutes on tap Gold dips, dollar steady ahead of Fed minutes Oil continues bullish run ahead of OPEC meeting For further info on these 5, visit: www.investing.com    Gold prices European trade today [...]

By | 2017-05-24T11:17:25+00:00 May 24th, 2017|International|0 Comments

BHP enforces to dredge new nickel mines in Western Australia

Today's Morning trade Global Base metals prices on the SHFE were mainly lower today. The copper prices were oscillating between slight gains and losses. As consolidation set in following the rally seen since May 19. The most-traded July copper contract on the SHFE was unchanged at 45,770 yuan ($6,644) per tonne. As of 05:00 BST. [...]

By | 2017-05-24T06:59:13+00:00 May 24th, 2017|International|0 Comments

Oil prices rise, as OPEC’s decision is getting closer

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 [...]

By | 2017-05-23T17:01:37+00:00 May 23rd, 2017|Oil Market|0 Comments

April Copper imports in China: Fall of 41% due to tighter financial regulation

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 [...]

By | 2017-05-23T11:56:07+00:00 May 23rd, 2017|International|0 Comments

One-fifth of Mongolia to be opened for digging

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 [...]

By | 2017-05-23T07:20:27+00:00 May 23rd, 2017|Financial, International|0 Comments

Base Metals & New electric vehicles

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 [...]

By | 2017-05-22T17:48:57+00:00 May 22nd, 2017|International|0 Comments

OPEC, hedge funds and the Sistine Chapel

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 [...]

By | 2017-05-22T11:14:36+00:00 May 22nd, 2017|Oil Market|0 Comments