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Indian steel giants show the way

Commodity Online — Tue, 16 Nov 2010 23:10:00 EST

NEW DELHI (Commodity Online):It seems the time has come for Indian steel makers in global scenario.

According to media reports in Indian and foreign newspapers, India�s steel giants have come up with spectacular results this year and more and more people are showing interest in Indian steel biggies now.

Oil slips below $85 on dollar gains

Commodity Online — Tue, 16 Nov 2010 23:06:00 EST

SINGAPORE (Commodity Online) : World oil prices dropped below $85 a barrel in Asian trade Tuesday mainly on dollar gains amid expectations of increase in US crude stockpiles.

Light sweet crude for December delivery was seen trading at $84.57 a barrel at 12.00 noon Singapore time while Brent crude was at $86.51 a barrel in London.

Iran blames crude oil rally on falling dollar value

Commodity Online — Tue, 16 Nov 2010 22:56:00 EST

TEHRAN, IRAN (Commodity Online):Iran believes the current market value for crude oil is based largely on a declining value of the U.S. dollar, Iran's governor to OPEC said. The 12 members of the Organization of the Petroleum Exporting Countries decided to leave production levels unchanged during their October meeting in Vienna. The cartel said, however, that economic uncertainty was a cause for concern in the energy market.

Gazprom finds its first North African gas

Commodity Online — Tue, 16 Nov 2010 22:54:00 EST

MOSCOW, RUSSIA (Commodity Online): More than 2 million cubic feet of gas per day flowed from an exploratory well drilled in Algeria, Russian Energy Company Gazprom announced.

Natural Gas opportunities beckon in Asia

Commodity Online — Tue, 16 Nov 2010 22:52:00 EST

By Dave Forest
Natural gas is a broken global market.

For oil, there's enough import-export capacity worldwide that global prices tend to align closely. In natural gas, global markets are fragmented, leading to disparate pricing in different regions.

Pakistan oil, gas exploration remains inadequate

Commodity Online — Tue, 16 Nov 2010 22:49:00 EST

ISLAMABAD (Commodity Online) : Energy starved Pakistan continued its dismal performance as far as oil and gas exploration is concerned, reports suggest.

According to Pakistan Petroleum Limited, country�s exploration and development activity remained subdued by the recent floods and prevailing circular debt adversely impacting sector�s cash flows and growing security concerns in the rich hydrocarbon basins of Khyber Pukhtunkhwa and Baluchistan.

Hydrogen-powered cars key to emissions reduction

Commodity Online — Tue, 16 Nov 2010 22:47:00 EST

MUNICH (Commodity Online):Hydrogen-powered-fuel-cell cars will play a key role in reducing the emissions of road transport in future, according to a European study. The study points out that fuel cell electric cars, battery electric vehicles and plug-in hybrids need to reach a considerable market penetration in order to meet the CO2 reduction targets.

Despite yesterday�s closes, I still believe Metals are in a long term uptrend, overall

Rick Alexander — Tue, 16 Nov 2010 22:31:00 EST

METALS: 11/16/10 Highercloses yesterday for copper, silver, gold and platinum. All of the metals were hurt by last week's action but are still in long term uptrends overall. Each metal made a new recent low before closing higher.

Mining conference shifts as delegates increase on renewed interest

Commodity Online — Mon, 15 Nov 2010 23:05:00 EST

HONG KONG (Commodity Online): 80 exhibiting companies will participate in a mining conference hosted by Mines and Money Hong Kong next year.

As interest in Hong Kong for the natural resource sector heats up and China transforming into a metal-intensive economy, the event assumes importance.

China spooks copper, slides again

Commodity Online — Mon, 15 Nov 2010 23:03:00 EST

LONDON (Commodity Online):Copper, after witnessing a slump last week due to China�s move to tighten economy by hiking interest rates, on Monday continued the trend and slided 1.6 per cent.

China restarts Japan rare earth exports

Commodity Online — Mon, 15 Nov 2010 23:02:00 EST

TOKYO (Commodity Online) : Following top level meetings to end the deadlock over rare earths exports, China said it will speed up exports to Japan despite continuing territorial spat.

Platinum may continue rally

Commodity Online — Mon, 15 Nov 2010 23:01:00 EST

LONDON (Commodity Online):It seems there is hope for platinum in the coming months as several manufacturers of the metal started showing profits this year.

Lonmin, the world�s third-biggest platinum producer, has reinstated its dividend after beating estimates as the economic recovery boosted demand for metals and raised prices.

Zinc rally to continue in 2011

Commodity Online — Mon, 15 Nov 2010 22:59:00 EST

LONDON (Commodity Online): Zinc has finally shown some gains this year and in the coming year also the metal is set to move up breaking the downward trend for quite sometime.

Cashing in on this upward movement, China sold almost all of the 50,000 tonnes of zinc put up for sale at an auction of state reserves on November 9.

Uranium ETF gains 11% this week

Commodity Online — Wed, 10 Nov 2010 21:27:00 EST

LONDON (Commodity Online):Global X�s newest ETF, Global X Uranium (URA), gained 11% on Monday, outpacing all other ETFs, after the metal�s spot price jumped 11% over the weekend to $57.50 a pound.

The radioactive metal, used mainly to generate electricity, has surged 29% this year. Mining analysts said Energy Resources of Australia and Cameco have been buying the metal on the spot market because they haven�t been producing enough to meet their long-term obligations.

Commodities demand rises amid supply crunch

Commodity Online — Wed, 10 Nov 2010 21:25:00 EST

MUMBAI (Commodity Online): Producers of metals and agricultural goods are worried about the supply as the demand for these commodities are surging abruptly amidst increasing prices.

Frantic buying was witnessed in copper and soybean during last week after the U.S. Federal Reserve's announcement that it would buy $600 billion in Treasury bonds over the next eight months.

China�s imports fall, copper to suffer

Commodity Online — Wed, 10 Nov 2010 21:24:00 EST

LONDON (Commodity Online):China�s lukewarm response in October is set to impact the copper prices in the coming days. Copper prices have been rising continuously for quite sometime now. However, in October China�s imports have gone down and the metal is set to witness some fall in the days to come.

Also, China�s copper imports are expected to remain weak in November due to delays of contracted deliveries.

China�s aluminium imports up, prices may gain

Commodity Online — Wed, 10 Nov 2010 21:23:00 EST

LONDON (Commodity Online):Aluminium prices may soon witness yet another surge following a rise in China�s imports in October.

According to reports, China�s October imports of aluminium were70729 tonnes as against 65772 tonnes in September. On a yearly basis, imports were down by 18.3%, from 86611 tonnes.

Japan�s Can sector guzzles 20% more aluminium in Sept

Commodity Online — Wed, 27 Oct 2010 22:38:00 EST

TOKYO (Commodity Online): Exports of rolled-aluminium products from Japan rises for yet again in the month of September posting a growth of 8.5% against the corresponding period last year.

US slaps dumping duty on Chinese copper pipes

Commodity Online — Wed, 27 Oct 2010 22:37:00 EST

LONDON (Commodity Online):In another blow to imports from China, the US has decided to slap dumping duties on Chinese copper pipes.

Copper pipes from Mexico also will face the same fate. A trade panel in the US concluded that American makers may be harmed by the low-cost imports of the plumbing and heating pipes.

India assures rare earth supply to Japan

Commodity Online — Wed, 27 Oct 2010 22:35:00 EST

TOKYO (Commodity Online) : Rare earths starved Japan received a much needed relief Tuesday after India�s assurance of stable supply of rare earth minerals after a spat with key provider China.