The sharp increase was driven by several factors, including rising demand from China and optimism about a possible Federal Reserve rate cut.
Boosted by signs of improved manufacturing activity in the US as well as China, metals like copper have seen a surge, while persistent inflation concerns have reignited interest in commodities
The super cycle in metals never materialised and instead we are staring at a bleak outlook for metal prices
The domestic e-auction premium on coal increased by over 400 per cent in May, thereby adversely impacting the cost structure of the base metal companies and margins
China’s state planner said on October 19 it was studying ways of intervening in high coal prices and would take all necessary measures to bring them back to a reasonable range, dragging industrial metal prices
Evergrande's problems are giving a harsh reality check to investors in metal stocks that had turned red-hot on the back of runaway metal prices
Stricter environmental rules on smelters, steel plants and mines are set to limit metal supply, stoking global inflationary pressure
Credit Suisse says the steel sector remains vulnerable to risks such as a crackdown on prices in China, which is entering a weak-demand phase, while output remains strong.
Metal prices have turned red hot and the consensus seems there’s more room for growth. What could spook this party?
The boost to economic activity will certainly mean better demand for metals but the prospect of money taps closing will become a worry
Watch the video for a roundup of key happenings in the commodities market.
Here's a roundup of key updates in commodities market.
Watch the interview of Robin Bhar, Head - Metals Research at Societe Generale with Manisha Gupta, Surabhi Upadhyay, and Latha Venkatesh on CNBC-TV18 where he spoke about the fall in global metal prices and said that copper and nickel continue to be the best bet.
No MIP/similar measures have been announced to help the aluminium industry. Hence, we expect domestic aluminium prices to continue their southward sojourn and decline further by 3-5% next fiscal.
Trading volume saw a decline as investors restrained themselves from making big moves before Federal Reserve policy meet next week, traders said.
The mining conglomerate on Thursday said that the collapse in aluminium prices and lack of bauxite availability from Odisha had forced it to opt for a gradual closure of its Lanjigarh facility in the state.
According to the global financial services major, an investment recovery seems to have begun as investment remained on an upward trend in the first quarter of this fiscal year.
The company said its revenue fell 4 per cent to USD 2.95 billion in April-June quarter of the current fiscal, from USD 3.06 billion in the same quarter of 2014-15. Vedanta Resources CEO Tom Albanese attributed the performance in Q1 to "continued volatility in commodity prices".
At the Multi Commodity Exchange, gold prices for delivery in August drifted by Rs 93 or 0.35 percent to Rs 26,235 per 10 grams in business turnover of 87 lots.
At the Multi Commodity Exchange, gold prices for delivery in far-month August shed Rs 59, or 0.22 percent , to Rs 27,120 per 10 gm in business turnover of seven lots.
Uttam Galva steel is hopeful of an improvement in the ferrous sector's performance going forward. It is also positive on the merger of Shree Uttam Steel and Power with Uttam Galva.
Supported by pick-up in spot demand and a better trend at the London Metal Exchange, zinc futures prices rose by 0.39% today.
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Silver producers are likely to take this week's precipitous drop in metal prices in their stride and will keep turning big profits even if the bearish mood persists.