BOM News and Press, DB Base Metals Double Short ETN From 07/26/19

In the world of economics, inflation is a general increase in prices and fall in the purchasing value of money. Economists regularly measure inflation to access the state of the economy. Cost-push inflation occurs when supplies force prices higher. In inflation caused by rising grain prices ...

Most base metals price rose overnight, led by nickel, which rose as much as 2.1% to $12,970 a ton in London, while Shanghai nickel jumped to 103,160 yuan ($14,985.69) per ton, notching a three-month high. More news on: iPath DJ-UBS Copper Total Return Sub-Index ETN, Invesco DB Base Met...

Freeport McMoRan ( FCX -3.1% ) and other base metal producers fall sharply as copper prices tumble to a three-week low under pressure from a stronger dollar even with trade talks resuming between the U.S. and China, settling -1.2% to $5,822/oz. on the London Metal Exchange after touchi...

Global copper production should enjoy steady growth over the coming decade, according to Fitch Solutions, which foresees annual output rising an average 3.5% annual rate to 2028 with volume climbing to 28.7M mt from 21.4M mt during the period. More news on: iPath DJ-UBS Copper Total Retu...

Original Post By Stuart Burns Aluminum base prices on the London Metal Exchange ((LME)) have been sliding for the last couple of months, suggesting we have a market in surplus. So when the United States removed tariffs on imported steel and aluminum from Canada and Mexico last mont...

More than 3K unionized workers at one of the world's largest copper mines have walked off the job after failing to reach a labor deal earlier this week. More news on: iPath DJ-UBS Copper Total Return Sub-Index ETN, BlackRock Resources&Commodities Strategy Trust, Global X Copper Miner...

Original Post By Stuart Burns The planned merger of Chinese behemoth Baowu Steel Group with a smaller rival is painted in rather dramatic terms, as if it is to be something that is feared. In practice, we should see this as a positive move. The Financial Times reported this we...

The base metals that trade on the London Metals Exchange include copper, aluminum, nickel, lead, zinc, and tin. The six nonferrous metals are building blocks for infrastructure with a myriad of applications. The LME is more than a futures exchange, the most liquid contracts that trade on the 1...

Copper prices slide to a five-month low as a higher dollar and concerns about weaker global growth and demand from the U.S.-China trade dispute outweighs dovish comments from Federal Reserve Chairman Powell. More news on: Freeport-McMoRan Inc., Rio Tinto Group, BHP Group, News on ETFs, ...

Original Post By Stuart Burns According to the Financial Times , Norsk Hydro's (NHYDY) (NHYKF) giant Alunorte refinery in Brazil has been given approval to restart production by the Brazilian authorities. The announcement caught the market by surprise, coming some months earlier t...