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Nickel futures price on Monday spiked by over 93% intraday from Friday’s close, to just over $56,000 per metric ton at the peak, and then settled down a bit and is currently at $50,271 per metric ton, up by 73% in one day on the LME. This is the biggest spike in the history of ...
War in Ukraine has fanned the flames of the metals market which was already stretched. There is still significant uncertainty and confusion around the various sanctions on Russia. If there is no quick de-escalation, upside risks will dominate especially for those with larger expos...
The SWIFT ban applies to about 70% of Russia’s banking activities. Notably, oil and natural gas payments are excluded. Russia is a major supplier of base metals to Europe, and these have seen price rises to levels not seen in a decade. Plus, the rise in natural gas prices will ...
Russia’s invasion of Ukraine represented a particularly challenging situation for financial markets last week, after they had already weakened on anxieties about high inflation and rising interest rates. When it comes to commodities, however, Russia is a major supplier: Raw mat...
Prices of key metals have surged in recent weeks, turbo-charged above previous gains earned on the back of power shortages, energy costs and Chinese environmental restrictions. Aluminium and nickel prices in particular, have reached multi-year highs on fears sanctions will result in a...
Electric vehicle sales in China and the U.S. saw triple-digit growth in 2021, placing higher demands on cobalt and lithium production. Cobalt and lithium futures prices have more than doubled since launching in December 2020 and May 2021, respectively. As shown by their price perf...
Bark Melek: Any negative news on the supply side could push crude prices to US$100 per barrel. Melek: Our projections now are that ex-OPEC production will likely increase. Melek: Commodities like copper and aluminum are already in a tight supply configuration. For further de...
Russia's recognition of the Donetsk and Lugansk People's Republics (DLPR) has sparked global outrage and triggered the first tranche of sanctions. Although Russian markets are closed for a public holiday, offshore trading shows a continued sell-off in Russian USD debt. We take a l...
As climate change gets more and more obvious and as clean energy technologies get cheaper and cheaper, they will displace the use of oil. Saudi Arabia, Russia and other nations in the Middle East and other areas around the world are going to going to see their budgets shrink. ...
Certainly, rising metals prices are seen as an inflationary pressure themselves. However, they can also be seen as a hedge against inflation if the expectation is metal prices will continue to rise. Metals have largely failed to react so far to inflation fears. If the market b...
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iPathA Series B Bloomberg Nickel Subindex Total Return ETN Company Name:
JJN Stock Symbol:
NYSE Market:
Barclays Bank PLC (“Barclays” or the “Issuer”) announced a temporary reduction of the minimum early redemption size of certain series of ETNs as specified in the table below (together, the “ETNs”). Currently holders of the ETNs are required to redeem...