Commodity Market

Quick Overview Iron Ore Shipment Growth: Q3 shipments rose slightly to 84.5 Mt, meeting expectations amid rising costs. Simandou Expansion: Guinea’s high-grade iron ore project could add 60 Mt annually, offering value and diversification. Lithium Ventures: Production will begin at Rincon by year-end, acquiring Arcadium lithium cement Rio’s lithium market position. Stock Volatility: Shares dropped …

Rio Tinto: 84.5 Mt Iron Ore and Bold Lithium Moves Read More »

Key Points Gold Prices Rising: Gold has increased by 0.2%, reaching $2,658.07, driven by Middle East tensions. U.S. Economic Data Watch: Investors await U.S. CPI and PPI data to gauge potential Fed rate cuts. Fed Rate Cut Anticipation: Traders foresee a 25-basis-point cut despite resilient employment figures. Gold vs. Dollar: Gold maintains appeal even as …

Gold Prices Rise 0.2% Amid Middle East Tensions Read More »

Quick Overview CFTC Charges: The CFTC has accused two firms and multiple individuals of a $3.6 million investment fraud targeting 30+ investors. Fraudulent Scheme: The accused promised high returns (10%-30%) through fake trading accounts, misleading investors with false profit guarantees. No Real Trading: According to the CFTC, investors’ funds were moved offshore, and no actual …

CFTC Charges Two Firms in $3.6M Investment Fraud Case Read More »

Quick Look Oil Market Rebound & OPEC+ Strategy: Brent crude rose by 1.1% despite APPEC’s bearish sentiment, with OPEC+ facing a choice between supply cuts or market flooding. Tropical Storm Francine Impact: The storm threatens Gulf oil production, prompting platform evacuations and risks to coastal refineries. OPEC Demand Projections: OPEC may revise its 2024 demand …

Oil Rebounds by 1.1% Despite Bearish APPEC Sentiment Read More »

Quick Overview: U.S. Crude Hits New Low: U.S. crude dropped to $67.17 per barrel, marking the worst week since October; OPEC+ Decision Delays: OPEC+ postponed an output increase, adding to oversupply fears; China’s Demand Shift: China’s move to electric vehicles (EVs) is lowering global oil demand; Lower Forecasts: Banks like Bank of America and Citi …

U.S. Crude Prices Drop 8%, Lowest Since June 2023 Read More »

Key Points Seasonal Demand Surge: The natural gas market rallies in anticipation of colder weather, boosting demand for heating. Critical Technical Levels: Traders monitor the $2.20 support level, viewing it as a key buying opportunity. Resistance Targets: Resistance at $2.42 and $3.00 serve as significant profit-taking zones for traders. Risk Management: ETFs offer a lower-risk …

Natural Gas Prices Surge as Cold Weather Boosts Demand Read More »

Quick Overview Sugar Price Volatility: Sugar futures in New York and London have dropped due to the depreciation of Brazilian real, despite earlier gains. Brazil’s Crop Damage: Fires in São Paulo affected up to 80,000 hectares, reducing Brazil’s 2024/25 sugar production estimate to 42 MMT. Global Deficit Forecast: The ISO predicts a global sugar deficit …

Global Sugar Prices Drop 2% Amid Market Volatility Read More »

Key Points Gold Price Surge: Gold has risen to around $2,515 per ounce due to a weaker US Dollar and the Fed’s dovish signals. Fed’s Dovish Stance: Fed Chair Fed Jerome Powell’s remarks suggest possible rate cuts, boosting gold’s appeal. Market Reaction: A 25 basis point rate cut is fully priced in, with rising expectations …

Gold Climbs to $2,515 Amid Weaker Dollar and Fed Shift Read More »