Base Metals Market

Signs of quick global recovery supports copper and iron ore prices

Global Economic Recovery Boosts Copper and Iron Ore Prices

Copper and iron ore prices hit all-time highs on Friday. World hopes for a global economic recovery which increases demands for raw materials. Spot iron ore surpassed US$200 per ton for the first time. In London on Friday, Copper, which is the global economic health leader, exceeded US$10,200 per ton. It was a 1.4% rise …

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Cars are getting expensive as commodity prices keep surging

Cars Are Getting Expensive as Commodity Prices Keep Surging

The pandemic has made the cars popular and needed again. However, they are getting more and more expensive, mainly due to the surging commodity prices. Supply cannot keep up with stimulus-driven demand. Many essential elements of automakers (such as copper, steel, and aluminum) are approaching record highs. The commodity spot index jumped to its highest …

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Copper giant Peru to gradually lift restrictions on mining sector this month

Copper Prices Keep Increasing; What Is the Future of Copper?

After a five-day holiday in China, Chinese investors returned to the market. They released new demand for copper, which caused copper price’s record growth on Thursday. As of 1:42 pm (EDT), copper for delivery in July rose by 1.71%, and the futures price on the New York Comex market was US$4.015 per pound (US$10,123 per …

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Raised Copper and Gold prices lift Barrick Gold 1Q profit

Raised Copper and Gold Prices Lift Barrick Gold 1Q Profit

One of the world’s largest gold producers, Barrick Gold Corporation, reached higher earnings in the 1Q earnings than last year. It is mainly because rising gold and copper prices drive revenue growth. The Toronto-based gold miner said it expects earnings to achieve its annual forecast. Barrick Gold Corp on Wednesday reported a 78% increase in …

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chinese steel, commodities

Commodities of The Future: What Is Going to Change?

Acceleration of sustainability, decarbonization and significant development of some leading companies caused rapid changes in the commodity industry. Some commodities, called “commodities of the future,” will have a strong demand growth in 20 years worldwide. They are copper, nickel, aluminum, lithium, cobalt, tin, rare piles of earth, metal scrap, and green steel. As productivity increases, …

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Earth day: China takes dangerous steps for our planet

Earth Day: China Takes Dangerous Steps for Our Planet

Today (April 22) is “Earth Day”. It is an international event celebrated worldwide to ensure support for environmental protection. 2021 is the 51st anniversary of the anniversary celebration. “Restore Our Earth” is the theme of this year’s Earth Day. In 2009, the United Nations designated April 22 as “International Mother Earth Day.” This year, seven …

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