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Aluminum Corp. of China ([[ACH]] +2.9%) wins a double-upgrade to Buy from Sell at Goldman Sachs, as part of the firm's outlook for strong aluminum prices.Goldman's commodities team raises its London aluminum price forecast to $1.04/lb. in 2021, $1.13/lb. for 2022 and $2.35/lb. for 2023 from i...
Beyond the macro story, aluminium has found some fresh momentum. It's all about China’s ‘net zero’ carbon targets. What are the key implications to supply in China? For further details see: Aluminum: China's March Towards 'Net Zero' Flips Market Expe...
The reason why the Fed has not really signaled any concern about the spike in Treasury yields to 1.6% is that the Fed funds rate is anchored at 0-0.25% and any sell-off in the Treasury market expands net interest margins in the financial sector. The Fed wants a higher 10-year Treasury...
Both flat rolled and extruded products are facing serious supply issues. However, whether they will be short-lived or prove more persistent is not yet clear. Automakers and consumer durables have sought to catch up from the first half of last year, which saw a collapse in demand and o...
Copper (HG1:COM) pulls back sharply from near-decade highs, falling more than 3% in London as risk-off sentiment hit wider financial markets after a spike in bond yields.Three-month copper on the London Metal Exchange recently -3.2% to $9,112/ton after hitting multi-year peaks in six consecut...
Industrial metals have been surging while precious metals like gold have been facing their fair share of selling. Industrial metals are up 11.43% while their precious metals counterpart is down by over 4%. Tin, copper, and nickel have been leading in those gains. For further...
With some $14 trillion invested in US equities alone, even a modest increase in passive investments into ETFs would reap significant rewards in fees. This new commodities super cycle proposition is based largely on a repeat of the last. Volatility in the current loose global monet...
Iron ore prices soar as metal supply weakens. Transport costs rise sharply amid container shortages. Chemical prices increase, but at softer rate. For further details see: Commodity Prices Rise Amid Intensifying Supply Pressures In January
Three-month tin price has hit $23,435 per metric ton. The consensus is the market could yet go higher. Economies outside of China are expected to pick up demand as vaccine programs pick up pace this spring and summer. For further details see: Tin Market In A Squeeze As S...
Rusal has closed coal-fired power sources and invested in expansion of its already sizable hydroelectric power generating capacity in Siberia over recent years. In light of the industry's growing focus on green issues, the LME recently announced it is taking its first steps to create ...
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Aluminum is a silvery white metal with a myriad of useful properties that make it a necessary component in many of our everyday products. Given that, aluminum investing can offer exposure to growth in a number of market segments. The base metal is non-toxic, corrosion resi...
Aluminum is a silvery white metal with a list of positive properties that make it a useful and necessary component in many of the objects we use in our daily lives. It is non-toxic and corrosion resistant, it has high thermal conductivity and it is the most abundant metal in the Earth’...
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...