Result Page 110 for Latest Commodities News & Archive

Chile's Altonorte near deal to end strike-union

Workers at Chile's Altonorte smelter are close to reaching a wage deal with owner Xstrata to end a near week-long stoppage, union leaders said on Sunday.

Relax, have a cup of tea ..err 1/2 cup?

Let's have a cup of tea is an offer that many can't resist in India.Meetings and discussions can't take place without this favourite beverage. But it is by no means unique to India, according to Food and Agriculture Organisation (FAO), it has become a global habit no matter the price. But in 2009, tea growers gained as production slumped due to bad weather in India, Sri Lanka and Kenya and tea prices zoomed to all time high.

Oil inches towards $82 in Asian trade

World oil prices advanced near $82 a barrel in Asian trade Tuesday mainly on better demand for fuel as winter weather spreads to more areas in the northern hemisphere. Lights sweet crude for February delivery was seen trading at $81.84 a barrel at 12.00 noon Singapore time while Brent crude was at $80.47 a barrel at the same time.

Metals are the best bet in 2010

Do you know among the commodities metals were the best performing ones in 2009? If not, remember that not only gold other metals also performed extremely well in 2009 riding on hopes for a global economic recovery and fears of runaway inflation.

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EIA Report 30/12/2009

The U.S. average price for regular gasoline increased two cents to $2.61 per gallon, $0.99 higher than the price a year ago. With the exception of the Rocky Mountains, prices rose in all regions of the country. The price on the East Coast inched up about a penny to $2.60 per gallon. The largest increase occurred in the Midwest, where the price rose more than three cents to $2.56 per gallon. On the Gulf Coast, the average grew over two cents to $2.47 per gallon. In the Rocky Mountains, the averag...

Oil hovers near $79 ahead of U.S. stock data

Oil held near $79 on Wednesday as cold weather in the United States and an expected fall in both U.S. crude and distillate stocks including heating oil countered a firmer dollar, shoring up prices after a five-day rally.

Crude Oil consumption to grow in 2010

As 2009 draws to a close and the Organization of the Petroleum Exporting Countries (OPEC) prepares to meet again at the end of the month, it faces a global oil market that has firmed up in response to production cuts that began to take effect in January 2009.

Oil eases after five days of gains

Global oil prices remained below $79 a barrel mark in Asian trade Wednesday mainly on increase in US crude inventory amid a strong dollar. Light sweet crude for February delivery was seen trading at $78.78 a barrel at 12.00 noon Singapore time while Brent crude was at $77.61 a barrel at the same time.

Gold slips further as dollar strengthens

Gold dropped further in Asian trade Wednesday as the dollar continued to trade higher against its major rivals that curbed bullion's appeal as an alternative asset. Spot gold was seen trading at $1092.64 an ounce at 11.30 a.m Singapore time while gold for February delivery in New York was at $1,093.35 an ounce at the same time.

China's aluminum demand to shoot up by 15%

Aluminium demand in China is expected to grow by 15% in 2010 on the back of revival in construction and auto segments. According to reports, long term prospect of aluminium is bright as China is still in the middle of completing urbanization and its metal intensive growth is likely to continue for many years to come. It added that about 65% of aluminium consumption is in the east and middle south China. The urbanization of North West and south west has great potential for aluminium demand.

Chinese firms eye Canada's copper miner

In China's latest bid to acquire resource assets abroad, two Chinese firms have offered $650 million for Canadian miner Corriente Resources Ltd. China Railway Construction Corp and Tongling Nonferrous Metals Group Holdings Co announced the all-cash $650 million offer this week.

Oil steadies near $79 on dollar, U.S. data

Oil prices steadied near $79 a barrel on Tuesday as the market weighed gains in the dollar against strong U.S. consumer confidence data and colder weather in top consumer the United States.

Oil trades around $79 on Iran concerns, cold

Oil briefly rose above $79 a barrel to a fresh five-week high on Tuesday, supported by expectations of colder U.S. weather and concerns over political developments in Iran.

Iran to enhance steel output capacity

Iran is planning to enhance country's steel capacity by establishing new steel units by 2011. Eight new steel units are under construction and Iran is expected to produce at least 6.4 million tonnes of more steel by the end of 2011.

Nord Stream gas project gets German approval

Russia's Nord Stream gas pipeline project received a boost Monday as Germany issued permission for the construction in its exclusive economic zone. The permission was issued by Germany's Federal Maritime and Hydrographic Agency in Hamburg. Earlier, Germany permitted the construction of the Nord Stream gas pipeline in its territorial wasters.

No full stops for central banks' gold race

In October this year, Reserve bank of India triggered a new wave among central banks across the globe, resulting in huge purchases of gold by them. With India leading the way with a 200 tonne gold purchase from the International Monetary Fund (IMF), other banks also followed suit by purchasing the yellow metal in bulk.

COMEX Gold trades higher at $ 1110.5

Gold futures on Monday traded relatively higher in the global markets. UK markets were shut due to low liquidity. COMEX Gold futures for February delivery are trading up $6.4 at $ 1110.5 per ounce, while MCX February gold futures hit a high of Rs 16910 trading up over Rs 50 at Rs 16878 per 10 grams.

The Commodity Winners of 2009

Commodities as an asset class competed well with others and some of them gave reasonably good returns to investors including gold which rose 26%. The holdings of world's largest gold backed exchange traded fund, SPDR Gold Trust (GLD) reached a high of 1,134 metric tonnes in June 1 this year and presently hovers at 1,134 MT.

A rare US nickel coin may sell for $ 3 mn or more

A rare U.S. nickel that was owned over the years by an infamous Egyptian King and a Los Angeles sports team owner, and was the centerpiece in an episode of a popular television series, is expected to sell for $3 million or more in an auction in Orlando, Florida on January 6, 2010. The little coin with the big value is a 1913-dated Liberty Head nickel, one of only five known of that specific date and design.

Gold rises in thin holiday trade; platinum higher

Gold prices rose slightly on Monday, but trade was quiet as many investors stayed on the sidelines with European and other major metals markets closed since late last week for Christmas.

Oil hits 4-week high above $78 on colder U.S. weather

Oil hit a four-week high above $78 a barrel on Monday as colder weather across the United States and signs of economic recovery helped boost the outlook for fuel demand.

Russia opens key oil terminal at Kozmino

Russia on Monday inaugurated a new oil export terminal at Kozmino port in its far east. Opening the terminal, Russian PM Vladimir Putin said, It is an important event for Russia and a strategic project, which enables us to enter the growing markets of the Asia-Pacific region.

Gold rises in thin Asian trade

Gold prices moved up in thin Asian trade Monday as markets yet to pick up momentum after a three day holiday. Gold for immediate delivery was seen trading at $1111.05 an ounce at 12.00 noon Singapore time compared with New York's notional close of $1103.80.

Oil steady ahead of OPEC, firm dollar offsets U.S. data

Oil held steady on Tuesday ahead of an OPEC meeting, with the firmer dollar countering an expected fall in crude and distillate inventories in the United States along with the sustained strong demand in China.

Oil firm above $73 as Iran-Iraq tensions ease

Oil held firm above $73 a barrel on Monday after a 1 percent rise in the previous session as Iranian troops partly withdrew from a disputed oil area in Iraq, reducing tensions between two major crude exporters.

Dollar rally drags US copper down, seen vulnerable

U.S. copper futures ended with sharp losses on Thursday as a stronger tone in the dollar sparked a bearish drag across the broader complex, and analysts said the shift in momentum could pull prices of the red metal back down toward $3.00 a lb.

China 2010 coal term prices seen rising 8 pct on yr

Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring back due to steady economic recovery, analysts and industry officials said.

Gold steady near $1,125, Fed meeting eyed

Gold prices were flat at around $1,125 per ounce on Wednesday ahead of the conclusion of the U.S. Federal Reserve's two-day policy meeting, which could provide clues about the timing of interest rate moves.

Oil rises above $70 on expected crude stock drop

Oil prices rose above $70 a barrel on Tuesday, snapping their longest losing streak since 2001, as traders bet that government data will show U.S. crude inventories fell last week and colder-than-normal weather will boost demand for heating oil.

PRECIOUS METALS: Gold gains as Dubai bailout weakens dollar

Gold futures closed higher on Monday, as the U.S. dollar fell after Abu Dhabi pledged to bail out Dubai, which increased the investment appeal in bullion.

Appetite for risk fuels interest for Investing in Gold

A leading financial consultant has suggested that recent signs of a return to risk-taking could prove to be good news for people Buying Gold.

Gold climbs as dollar resumes downtrend

Gold prices made a moderate advance on Monday after news that Abu Dhabi agreed to back some of Dubai's debt pressured the dollar and lifted higher-yielding currencies such as the euro.

Prepare to Thrive, Not Just Survive

Survivalism is big news these days, and the hottest novel on the market is Patriot. It contains extremely detailed discussions of everything a group of college students who banded together in 2000 bought for or did at their Idaho retreat to prepare for TEOTWATKI, which occurs in 2009.

Gold off 4-week lows as dollar dip supports

Gold prices rose and moved away from four-week lows on Monday as the dollar reversed course and dipped against a basket of major currencies, paring gains made after upbeat U.S. economic data late last week.

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