Commodity Prices | Forex Trading


Commodity Prices - July 7, 2008

Gold N.Y. Spot $ 921.10
Silver N.Y. Spot $ 17.96
Lead LME Cash $ 0.7094
Copper LME Cash $ 3.8848
Zinc LME Cash $ 0.8056
Nickel LME Spot $ 9.31
Aluminum LME Spot $ 1.4452
Platinum N.Y. Spot […]

Commodity boom spurs Russia’s iron belt

theglobeandmail.com, 10:00 AM EDT 30-Jun-2008
by ROBIN PAXTON, Reuters
GUBKIN, Russi - Soviet geologists were looking for oil when exploring this region 500 kilometres south of Moscow.
Instead, they unearthed Europe’s largest iron belt. Legend has it the pit blasted into the fertile soil is big enough today to fit the world’s population twice over: it has certainly […]

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 […]

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 […]