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On the LME markets it’s been a steady week other than Copper which is down 3.5%. The AUD/USD is currently at 76.52 up from last week’s 75.28.   * * * WEEK IN REVIEW: All about the base – London, 5 August (Argus) * *…


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Metals this week so far have seen some improvements with investors looking to avert risk in commodities. Although positive for our prices this week – these haven’t directly translated into local  price improvements due to a spike in AUDUSD.  With US Markets closed for Independence Day…


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It’s been a busy night overnight with iron ore rising a massive 18.5% on the belief (ie nothing fundamental) that Beijing’s pro-growth policies will improve demand in China. Other commentary also refers to the catching out of short sellers, who in a rising market are…


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Our thoughts this week are with the residents of Fiji who have been battered by category 5 Tropical Cyclone Winston with winds up to 325 kilometres per hour. We are hopeful that with time, the residents will rebuild their homes and go back to a…


Newletter - Slight rises in LME copper Read more »

Newletter – Slight rises in LME copper

On the markets we have enjoyed some slight rises in LME copper although the rising AUD/USD has kept a lid on the Australian dollar prices. The AUD/USD is now trading at just over 70 cents. There is little in the way of fundamental supply-and-demand data…


Newletter - Copper down 5.3% Read more »

Newletter – Copper down 5.3%

Welcome to 2016. Only 6 working days into 2016 and on the back of more data that the Chinese economy is slowing down, the world’s largest casino (also known as the Chinese Stockmarket) has fallen 14.76 %.  Furthermore, with reports that most retail investors were…


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It’s been another nasty fall in commodity prices overnight with oil prices in particular grabbing the headlines with gems like “Crude Awakening”, “Oil Slump”, and “Oil Dip”.  Added to this there is heightened paranoia over the Chinese governments clamp-down on short-selling in Shanghai and HK…


Newsletter - LME steadied for the time being Read more »

Newsletter – LME steadied for the time being

Welcome to the first day of Summer with the countdown to Christmas well upon us. On the commodity markets the LME has steadied for the time being with only small movements in prices in the last 5 days. Last Thursday in the USA was Thanksgiving…


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Newletter – Copper extends slide to lowest since 2009 amid china slowdown

Deepening Metals Rout Sends Copper Below $4,500 as Nickel Slumps •             Copper extends slide to lowest since 2009 amid China slowdown •             Mining shares extend retreat to near almost seven-year low By Agnieszka de Sousa (Bloomberg) – Copper fell below $4,500 a metric ton for…


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Yesterday in China the Government released the latest annualised GDP figure which showed the economy growing at 6.90%, which was better than most forecasts.  The result was greeted with a dose of disbelief by various economists, given it flies against all other indicators, although it’s…


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