Prices decline across base, precious metals markets on tariff hike fears

Base metals

The continued developments on tariff hikes against China have led a general price decline across base and precious metals markets. Base metals prices on the London Metal Exchange were weakened on Friday after further announcements from the White House of increased tariffs on China. The chief movers were nickel at -1.2 percent, copper -0.9 percent […]

Copper rallies to three-year high as China plant halts output

Base metals

Copper in London surged to the highest level since 2014 after China ordered its top producer to halt output to combat winter pollution, adding further impetus to a rally in the metal this year that’s been driven by optimism about demand as well as supply disruptions at mines. Copper rose as much as 1.2 percent […]

Iron ore seen back in $40s as China challenges loom in 2018

Iron ore may get a reprieve for the remainder of this year before tougher times return in 2018, according to Schroders Plc, which says the raw material may sink back below $50 a metric ton as the effect of the credit-led stimulus in China wears off and demand concerns resurface in the top user. “The underlying […]

Best run in 11 years beckons for metals as China drives rally

Industrial metals including copper and aluminum are heading for the longest run of weekly gains in London in more than a decade on investor optimism driven by China, with demand holding up in the largest user just as policy makers press on with reforms that should curb supply. The LME Index climbed 2.4 percent in […]

Either China’s bond market or metals are getting it wrong

China’s surging commodity prices are sending a warning signal on inflation. That should be negative for bonds, but the debt market seems unruffled. As futures on steel reinforcement bars surged to their highest level since 2013 in Shanghai last week, joining copper and aluminum at multi-year highs, bonds barely registered. A Bank of America index of the […]

World’s oldest metal exchange set to rethink its strategy

The London Metal Exchange is likely to adopt measures including a cut in fees and a charge for over-the-counter trades to try to quell a rebellion over costs and reverse a decline in its market share, according to two people familiar with the plans. The changes mark a shift toward a more conciliatory tone since Matthew […]

Palladium prices seen hitting record average high in 2017

Palladium is expected to hit its highest annual average price on records going back three decades this year after tightness in the lending market pushed prices to 16-year highs last month. A poll of 26 analysts and traders conducted by Reuters this month returned an average palladium price forecast of $811 an ounce for this […]

Best-performing metals as hard to trade as they are to find

Even if you’d heard of this year’s best-performing metals, betting on them would probably have been a struggle. Ruthenium, iridium and the somewhat better-known rhodium — used mostly in specialised products like hard disks, spark plugs and autocatalysts — have trounced almost all major commodities tracked by Bloomberg. Prices are up at least 33 percent […]