Copper
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The Chilean peso has been on a tear, but this strategist thinks the central bank may soon put on the brakes.
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The $90 billion merger of Glencore and Xstrata is on shaky ground as the two sides struggle to come to terms over the makeup of the combined management team, the New York Times reports.
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Gold is the “clear winner” from global stimulus measures, according to a report by UK research firm Capital Economics, which says that gains to other commodities such as oil and copper are likely to be brief.
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More monetary stimulus programs from the Federal Reserve or the European Central Bank will force Latin American currencies to over-appreciate, Chile Finance Minster Felipe Larrain told CNBC on Thursday.
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Copper bulls waiting for a magic bullet from China to shore up the metal’s price have been left disappointed. Recent data from China—specifically industrial production and imports data — continue to point to sluggish demand in a market dogged by high inventories.
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Australians get to work, but euro investors are losing steam — it's time for your FX Fix.
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Xstrata reported a sharp fall in profits Tuesday as the miner battled rising costs and falling prices – which is likely to revive the debate surrounding its stalled $60 billion merger with Glencore, the commodities trader.
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Find out which ETFs the "Mad Money" host tends to follow throughout the day.
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Freeport-McMoran Copper & Gold CEO Richard Adkerson, told CNBC’s “Closing Bell” on Thursday he expects copper prices to be higher longer term. He's not alone in his bullishness.
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China’s copper imports surged in May, rising 65 percent over the previous year and fueling hopes of a pickup in growth for the world’s second-largest economy. But experts say that country’s appetite for the industrial metal is “opportunistic” and doesn’t reflect economic fundamentals.
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The price of copper will stay above $8,000 this year despite a slowdown in China, the world’s biggest consumer of the metal, according to Kemal Bagci, director at RBS Markets.
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US manufacturers have attacked plans by JPMorgan Chase to launch an exchange-traded fund backed by physical copper, arguing that the product would “grossly and artificially inflate prices” and “wreak havoc on the US and global economy”. The FT reports.
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Chinese consumers of thermal coal and iron ore are asking traders to defer cargos and – in some cases – defaulting on their contracts, in the clearest sign yet of the impact of the country’s economic slowdown on the global raw materials markets. The FT reports.
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With gold prices surging in recent years, the semiconductor industry has been increasingly replacing the precious metal with the more affordable copper in the wire bonding process, leading to huge savings in the cost of manufacturing a chip.
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Palladium raced ahead of all other metals in April. After climbing double digits in the first quarter, platinum and silver futures were down 4 and 5 percent, respectively. Both metals lost ground for the second consecutive month. Copper prices were flat, and gold seems to have lost its luster, posting its third straight monthly decline.
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China's rising copper inventories and slowing economic growth is casting a pall over the usually bullish mood at Cesco week in Santiago, the largest annual gathering of the world’s copper miners, traders, consumers and investors. The FT reports.
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Copper miner Freeport-McMoran isn't for sale, and won't be buying any of its competitors anytime soon, CEO Richard Adkerson told CNBC Thursday.
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'Tis the season for a major commodity currency to do well, this strategist says.
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Gold gets all the headlines, but platinum is a better bet to put precious metals in your portfolio, Patrick Armstrong of Armstrong Investment Managers told CNBC.
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There may be no better way to appreciate the diversity of exchange traded funds than by looking at the commodities sector of the asset class.