Commodity Prices | Forex Trading


Archive for February 6th, 2008

BHP-Rio Merger Will Push Up Metals, Ore Prices (Focus)

Dow Jones Newswires, 02:38 ET (07:38 GMT) 06-Feb-2008
By Elisabeth Behrmann
SYDNEY (Dow Jones)–Metals markets could see longer-term prices move up if BHP Billiton Ltd.’s (BHP.AU) sweetened $147.7 billion takeover bid for rival global miner Rio Tinto Ltd. (RIO.AU) proves successful.
The key synergy and future money spinner for the merger is still iron ore, where longer-term prices […]

Mining analysts missing the mark: report

theglobeandmail.com, 10:40 AM EST 06-Feb-2008
by ROMA LUCIW, Globe and Mail Update
Mining analysts are missing the mark in their predictions for a sharp decline in metal prices, according to a report from Ernst & Young.
“Contrary to the continued assertions of mining analysts, current metal prices are actually a return to sustainable price levels following an extended […]

Commodity Prices

February 6, 2008
Gold N.Y. Spot $ 904.60
Silver N.Y. Spot $ 16.54
Lead LME Cash $ 1.2655
Copper LME Cash $ 3.2568
Zinc LME Cash $ 1.0811
Nickel LME Spot $ 11.97
Aluminum LME Spot $ 1.1753
Platinum […]