by Stuart Burns on February 6, 2012
Style: Market Analysis
Category: Commodities, Global Trade, Non-ferrous Metals
Keywords: China, Commodities, EU, Gold, metals, Silver, Steel, Zinc
A report in the FT notes the Chinese manufacturing sector has made a surprisingly strong start to the year, as the purchasing managers index (PMI), an important gauge of factory growth, rose to 50.5 in January from 50.3 a month earlier. The result helped underpin recent strength in metals prices, Standard Bank wrote in a [...]
Commodity demand, namely for industrial metals such as copper and nickel, and their corresponding prices, has finally pushed Rio Tinto, HudBay Minerals and other companies to begin resurrecting long-slumbering mines, mine sites and mills in Michigan’s Upper Peninsula. Once the center of North America’s copper operations in the 19th century, the ËœUP,’ as it’s known, [...]
Every now and then we come across an interesting (if slightly offbeat) application for metals that we feel deserves mention. A research team led by Ganpati Ramanath, in collaboration with researchers at the University of Wollongong in Australia (no, you didn’t mis-read that — the University of Wollongong) have been working with zinc oxide to [...]
China’s heavy metal appetite for the likes of lead, zinc, copper and other building blocks of construction and transportation has rendered much of its environment less-than-fit for human existence. All you need is a stroll down a Beijing street in the summer to realize that. But this isn’t really news to any of us “ [...]
Continued from Part One. On the face of it, we would expect the price of zinc to have only one place to go, but intriguingly, HSBC is predicting a higher price next year and rising prices through the middle of the decade. This is because at current prices, many suppliers are sitting at the marginal [...]
As with all base metals, zinc demand took a severe knock post-2008. Up until then, demand had exceeded supply, and as inventory levels plummeted the metal price rocketed, as the graph below from HSBC illustrates. Source: HSBC However, the peak was hit in 2007 and in a classic reverse of plummeting prices feeding through into [...]
by Taras Berezowsky on October 4, 2011
Style: Industry News
Category: Commodities, Inventory Stock Levels, Macroeconomics, Non-ferrous Metals, Supply & Demand
Keywords: Aluminum, China, Copper, European Union, LME, Non-ferrous Metals, Zinc
Now that October’s here, the world’s premier metal event is upon us — LME Week, held in London. Top metal producers’ executives “ think Rio Tinto, BHP Billiton, Codelco, etc. “ bankers, and traders get together, eat pricey hors d’oeuvres and booze it up amidst talking metals. For the producers, it’s mainly about keeping profits [...]
by Taras Berezowsky on July 26, 2011
Style:
Category: Commodities, Inventory Stock Levels, Macroeconomics, Metal Prices, Non-ferrous Metals, Supply & Demand
Keywords: Aluminum, LME, Non-ferrous Metals, Oil, Zinc
Continued from “Commodity Review and Second-Half Outlook – Part One”: Aluminum, Zinc and the LME Although aluminum by some standards has been in the dumps lately (i.e. throughout Q2), we can encapsulate much of the light metal’s activity to the LME warehousing issue. Even though the LME has just doubled the amount of tonnage that [...]