metalsmarket
Copper prices have been soaring since the beginning of this year, rising by 29% year-to-date. Copper futures at COMEX traded at $5 per pound as of 15 May, marking the highest level since March 2022 when the base metal's price reached an all-time high. BHP's takeover offer to Anglo American has brought attention to the prosperous copper mine sector. The transition towards green energy, the rise of electric cars, and the AI boom have all contributed to a surge in demand for copper. However, underinvestment in base metal mining could exacerbate the issue of undersupply in the coming years. China ...
Euronews (English)
Gold has surged by 14% year-to-date, outpacing the 10% rally of the S&P 500 this year. Gold futures peaked at an all-time high of $2,413 per ounce on 19th April, while spot gold reached a fresh peak of $2,1392 per ounce on the same day. Following a two-week retracement, the precious metal's price saw a swift rebound last week, rising by $60 per ounce to surpass $2,360 on Monday. It's notable that gold's price was just above $1,800 per ounce at its recent lows in early October 2023. From an investment perspective, gold is typically favoured during uncertain times, such as financial crises, war,...
Euronews (English)
On Saturday, 13 April, Iran unleashed a barrage of 300 aerial drones and missiles toward Israel in a retaliatory move. While Israeli defences, bolstered by support from the US, UK, and European allies, reportedly neutralised 99% of the threats, the incident has sparked concerns of escalating tensions in the volatile Middle East. Following the attack, the White House clearly opposed any Israeli retaliatory strikes against Iran, aiming to prevent further escalation into a regional war. Yet, the Israeli war cabinet remains divided on how and when to respond, a situation that adds layers of uncert...
Euronews (English)
Aluminium prices rocketed to a record level following the UK and the US's decision to ban the trade of Russian metals to "prevent the Kremlin funnelling more cash into its war machine". At one stage in early morning trading, aluminium was up more than 9% on the London Metal Exchange (LME), the biggest rise seen since trading started in 1987. Nickel prices also rose, at one stage gaining more than 8%. Both metal prices later fell back. Hopes ban will tighten Russia's purse for war financingThe UK and US took the decision at the weekend to put sanctions in place against Russia on new production ...
Euronews (English)
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