Commodities hit July storm with Putin and Powell stirring fear
Energy crises and central bank moves to crush inflation present powerful headwinds across markets, underscored by copper’s collapse Friday below $8,000 a ton.
Latest Stories
EXPLAINER: Nuts and bolts of the LME’s cancelled nickel trades legal case
Hedge fund Elliott Associates and Jane Street Global Trading are suing the London Metal Exchange for up to $500 million after the LME cancelled nickel trades on March 8 when prices soared to record highs above $100,000 a tonne in chaotic trade.
Iron ore price tumbles as recession fears fuel commodities selloff
"It's not just China where steel output is under pressure," said Warren Patterson, head of commodities strategy at ING.
India raises import tax on gold to support rupee
India has raised its basic import duty on gold to 12.5% from 7.5% as the world's second biggest consumer of the precious metal tries to dampen demand and bring down the trade deficit.
Copper, zinc, nickel price rout continues despite rebound in China manufacturing
“It is increasingly clear that concerns about demand are taking precedence over supply issues in the metals markets”.
Chile sticks to plan for new mining profit tax up to 32% linked to copper price
"Historically, few countries have reached economic prosperity with a low tax load" – Chile finance minister, Mario Marcel.
Orea negotiating with Nordgold to take full control of Montagne d’Or JV
Montagne d'Or is an open-pit gold development project with potential to increase its reserves through infill and expansion drilling.
Tesla’s EV market share seen plunging to 11% by 2025, BofA says
Tesla is likely to lose its position as the dominant EV maker in the US to GM or Ford by 2025, says analyst John Murphy.
Gold price keeps its shine as other precious metals fade
Gold has held up well relative to silver and platinum.