Commodity Prices | Forex Trading


Archive for February, 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 [...]

Barrick Bullish On Gold, Sees It Above $1,000/Oz

Dow Jones Newswires, 08:57 ET (13:57 GMT) 05-Feb-2008
By Robb M. Stewart
CAPE TOWN (Dow Jones)–Barrick Gold Corp. (ABX), the world’s largest gold producer, expects to see the price of the precious metal trade north of $1,000 an ounce, in part bolstered by a decline in global output, the company’s vice president of exploration said Tuesday.
Alexander Davidson [...]

Commodity Prices

February 5, 2008
Gold N.Y. Spot $ 890.20
Silver N.Y. Spot $ 16.37
Lead LME Cash $ 1.2542
Copper LME Cash $ 3.2664
Zinc LME Cash $ 1.0893
Nickel LME Spot $ 12.05
Aluminum LME Spot $ 1.1780
Platinum [...]

Nickel Market May Have 500,000-Ton Shortfall in 2012, VM Says

Bloomberg, 11:21 (New York) 04-Feb-2008
By Antony Sguazzin
Feb. 4 (Bloomberg) — The nickel market may have a supply shortfall of 500,000 metric tons by 2012 because of the slow pace of mine development and rising demand, Jessica Cross, the chief executive officer of VM Group, said.
Such a deficit would reverse a likely supply surplus of 100,000 [...]

Gold to peak above $1000/oz

2008-2-4 16:27
Cape Town - The price of gold is likely to peak at just over $1 000 per ounce in 2008 and benefit from any weakening of the US economy as investors seek new havens for their funds, London-based consultancy GFMS said on Monday.
The influence of investors would also be crucial in turning the tide, [...]

Commodity Prices

February 4, 2008
Gold N.Y. Spot $ 898.50
Silver N.Y. Spot $ 16.69
Lead LME Cash $ 1.2991
Copper LME Cash $ 3.3085
Zinc LME Cash $ 1.1158
Nickel LME Spot $ 12.38
Aluminum LME Spot $ 1.1921
Platinum [...]

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Commodity Prices

February 1, 2008
Gold N.Y. Spot $ 908.15
Silver N.Y. Spot $ 16.79
Lead LME Cash $ 1.2900
Copper LME Cash $ 3.3314
Zinc LME Cash $ 1.1365
Nickel LME Spot $ 12.56
Aluminum LME Spot $ 1.2136
Platinum [...]