Commodity Prices | Forex Trading


Archive for February 13th, 2008

Fortescue Says Iron-Ore Prices May Increase as Much as 50%

Bloomberg, 22:38 (New York) 12-Feb-2008
By Debarati Roy
Feb. 13 (Bloomberg) — Fortescue Metals Group Ltd., building a A$2.7 billion ($2.4 billion) iron-ore project in Australia, said prices of the steelmaking material may rise as much as 50 percent from April because of higher demand.
“China and India are booming and demand from other countries in Asia is […]

Rio sees more metals commodity price records ahead

Mineweb.com 13-Feb-2008
Rio Tinto’s Chief Economist believes that strong demand from China and other developing nations will counteract any weakness in Western economies and that some metals commodity prices may not yet have reached their cyclical peaks.
LONDON (Reuters) -
Commodity prices may shatter recent records and hit fresh peaks as buoyant demand for metals is little affected […]