London Metal Exchange

Three-month copper on the London Metal Exchange was trading around $7,363 a tonne on Wednesday having declined more than 30% on growing recession fears since scaling a record peak of $10,845 in March

Copper has given up 30% since touching a record peak in March but has largely held in a range between $7,200 and $8,000 since the end of August

Warehouse stockpiles tracked by the LME jumped by 11% on Tuesday, the biggest increase since February, and rebounding from a three-decade low struck in August

Interest rate hikes, however, remain a pet peeve

Fund manager Elliott Associates sued London Metal Exchange for $456 million following the suspension and cancellation of nickel trades on the platform owned by Hong Kong Exchanges and Clearing Ltd

On March 8, nickel contracts on the London-based exchanges surged as much as 111 per cent to breach $100,000 per tonne

Wall Street heads for gains after world shares sink Wall Street pointed toward gains in premarket trading Tuesday after world share prices sunk lower, with Hong Kong down almost 6% and Shanghai losing 5%. Oil prices slid about 8% as virus lockdowns and rising numbers of COVID cases in China threaten to disrupt manufacturing and trade. The sell-off gathered pace late in the session despite the release of data showing strong increases in Chinese retail sales, industrial production and investment in January-February. It followed a decision by China's central bank not to ease interest rates to spur economic growth. Futures for the Dow industrials gained 0.3% while futures for the S&P 500 rose 0.4%. Prices of oil and other commodities slid as Russian forces pounded the Ukraine capital ahead of another round of talks between the two sides. Germany's DAX and the CAC 40 in Paris both fell 1.2%, while Britain's FTSE 100 declined 0.8%. Anxiety over the war in Ukraine and an upcoming ...

Moscow accused the United States on Wednesday of declaring an economic war on Russia, and said it was considering a response to the US ban on Russian oil and energy imports

Commodities markets from metals to oil and gas have been upended by the war in Ukraine as big corporates withdraw from Russia

Demand-supply scenario is favourable and should keep prices elevated

Asian shares advanced warmed by the embers of a strong day on Wall Street, which supported risk-friendly currencies and hurt the safe-haven yen.

The dollar-denominated hot rolled steel prices in China are up 27 per cent in 2021 against 13.4 per cent rise in S&P 500 index, but some analysts are turning cautious

The floor was closed in March 2020 for the first time since World War II to allow for social distancing needed to deal with Covid-19

Rebounding zinc and firm silver prices will add to gains from rising production

With volume growth expected to be soft in FY21, higher base metal prices are crucial for upgrades

Stronger manufacturing data from China supports upswing

On the operating front, while lower zinc and lead realisations impacted profit, cost of production in the zinc business, too, jumped 7 per cent year-on-year

This is an important milestone for the firm as captive coal production can cut aluminium smelting costs by 25%

Gold and silver rise sharply on safe-haven appeal in a global economy prone to more downside risk

In Q3, the average zinc prices on the London Metal Exchange at $2,388 a tonne was down 9 per cent year-on-year (YoY); sequentially, it was up marginally by 2 per cent