Commodity Prices | Forex Trading


Archive for February, 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 […]

U.S. Mint to use more zinc, less copper and nickel

The Guardian (UK) 08-Feb-2008
(adds information about Mint’s coin production, paragraphs 3-6)
by Reuters
WASHINGTON, Feb 8 (Reuters) - The U.S. Mint plans to use less copper and nickel, but more zinc, as it ramps up penny production and cuts back on nickels, dimes, quarters and dollar coins, an agency spokeswoman said on Friday.
The Mint’s zinc needs will […]

Commodity Prices

February 11, 2008

Gold N.Y. Spot $ 918.75
Silver N.Y. Spot $ 17.27
Lead LME Cash $ 1.3658
Copper LME Cash $ 3.5471
Zinc LME Cash $ 1.1013
Nickel LME Spot $ 12.70
Aluminum LME Spot $ 1.2097
Platinum […]

Newmont’s O’Brien Says World Gold Output Will Decline

Bloomberg, 13:40 (New York) 08-Feb-2008
By Stewart Bailey
Feb. 8 (Bloomberg) — Newmont Mining Corp., the world’s second-largest gold producer by volume, said global production of the precious metal will decline as new deposits that are profitable to mine become harder to find.
“It’s more unlikely that we’ll find big deposits, near the surface, that are economic to […]

FX - Tip of the Week

Trading Off-Peak Hours - Professional FX traders, option traders, and hedge funds have an advantage over small nickel and dime traders during the off-peak hours (between 2200 CET and 1000 CET) as they can hedge their positions and transfer funds when there is a reduction or lower trade volumes. During these periods their risk is […]

Commodity Prices

February 8, 2008
Gold N.Y. Spot $ 918.8
Silver N.Y. Spot $ 17.07
Lead LME Cash $ 1.3041
Copper LME Cash $ 3.4523
Zinc LME Cash $ 1.0614
Nickel LME Spot $ 12.41
Aluminum LME Spot $ 1.2134
Platinum […]

Farms and oil wells and mines, oh my

Globe and Mail, B8 878 words 08-Feb-2008
With rising global demand and supply shortages on the horizon, commodities can make respectable gains in a portfolio
by Randy Ray, Special to The Globe and Mail
As unnerving as the markets’ latest roller-coaster ride has been for investors, commodities remain a good bet for respectable gains in a portfolio, experts […]

Norilsk Nickel Intends Takeover Of Norddeutsche - Report

Dow Jones Newswires, 09:32 ET (14:32 GMT) 07-Feb-2008
VIENNA (Dow Jones)–Russia’s largest metals producer Norilsk Nickel (GMKN.RS) is preparing to place a EUR35 a share takeover offer for German copper manufacturer Norddeutsche Affinerie AG (NDA.XE), or NA, Austrian magazine FORMAT reports in a preview of its Friday issue.
The magazine bases its report on rumors in German […]

Commodity Prices

February 7, 2008
Gold N.Y. Spot $ 904.1
Silver N.Y. Spot $ 16.76
Lead LME Cash $ 1.2633
Copper LME Cash $ 3.3317
Zinc LME Cash $ 1.0578
Nickel LME Spot $ 12.01
Aluminum LME Spot $ 1.1794
Platinum […]