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Tuesday, 31 January 2012
Aluminum pound  $1.0086  $0.9907  1.77%  $1.0126   (0.40%)
LME
Copper pound  $3.8816  $3.7551  3.25%  $3.8886   (0.18%)
LME
Nickel pound  $9.7908  $9.2873  5.58%  $9.0197   8.55%
LME
Tin pound  $11.0677  $9.9337  11.38%  $9.9609  11.11%
LME
Zinc pound  $0.9748  $0.9099  9.84%  $0.8754  13.78%
LME
             
 
Crude Oil barrel  $99.60  $98.97 0.68%  $93.17  6.90%
DOE
Diesel gallon  $3.864  $3.869 (0.13%)  $3.869  (0.13%)
AAA
Gasoline (unleaded) gallon+  $3.406  $3.386 0.58%  $3.449   (1.25%)
AAA
Natural Gas mbtu  $2.68  $2.36 8.91%  $3.59   (25.35%)
DOE
       
Gold ounce  $1,737.30  $1,667.00  4.03%  $1,743.50   (0.36%)
Kitco
Silver ounce  $33.99  $32.20  5.07%  $35.29   (3.68%)
Kitco
    
US Dollar one euro =  $1.3227  $1.2636  4.18%  $1.4155  (6.56%)
Kitco
  100 yen =  $1.3040  $1.2992  0.36%  $1.3189  (1.13%)
Kitco
  US $index =   80.14   78.80  (1.79%)   75.05  5.00%
Kitco

Mbtu = 1 million British thermal units. Gasoline price = national average at retail.
One barrel = 42 gallons. *Natural gas prices as reported by U.S. DOE for at Henry Hub.
** Change from 1/20/12 price. *** Change from 10/28/11 using most recent price.

POSTED BY: Connexion AT 04:36 pm   |  Permalink   |  0 Comments  |  E-mail this
Tuesday, 24 January 2012
Aluminum pound  $0.9907  $0.9557  3.48%  $1.0126   (2.16%)
LME
Copper pound  $3.7551  $3.5974  4.06%  $3.8886   (3.43%)
LME
Nickel pound  $9.2873  $8.8065  5.33%  $9.0197   2.97%
LME
Tin pound  $9.9337  $8.9494  4.80%  $9.9609  (0.27%)
LME
Zinc pound  $0.9099  $0.8788  3.55%  $0.8754  3.94%
LME
             
 
Crude Oil barrel  $98.97  $98.58 0.42%  $93.17  6.23%
DOE
Diesel gallon  $3.869  $3.872 (0.08%)  $3.869  0%
AAA
Gasoline (unleaded) gallon+  $3.386  $3.391 (0.14%)  $3.449   (1.83%)
AAA
Natural Gas mbtu  $2.36  $2.70 (9.47%)  $3.59   (34.26%)
DOE
       
Gold ounce  $1,667.00  $1,639.70  1.57%  $1,743.50   (4.39%)
Kitco
Silver ounce  $32.20  $29.77  7.89%  $35.29   (8.76%)
Kitco
    
US Dollar one euro =  $1.2636  $1.2681  (0.32%)  $1.4155  (10.73%)
Kitco
  100 yen =  $1.2992  $1.3001  (0.07%)  $1.3189  (1.49%)
Kitco
  US $index =   80.14   81.51  (1.83%)   75.05  6.78%
Kitco

Mbtu = 1 million British thermal units. Gasoline price = national average at retail.
One barrel = 42 gallons. *Natural gas prices as reported by U.S. DOE for at Henry Hub.
** Change from 1/13/12 price. *** Change from 10/28/11 using most recent price.

 

 

NOTE: TEDMAG.com provides the above prices for your information only. Do not use the above data to trade commodities. TEDMAG has made every effort to obtain accurate prices from responsible public sources, but these prices may not reflect actual transactions or prices available to you if you seek to trade.

Additional Commodities Information

120123_commodity_1

Copper spot-market price charts, from www.kitcometals.com: Above, the 30-day move up; below, the spot price charted over the past year.

120123_commodity_2


Sources:

AAA = Fuel Gauge report, updated daily – www.fuelgaugereport.com; see also www.aaa.com
DOE Energy Assurance Daily: www.oe.netl.doe.gov/ead.aspx
Kitco = www.kitco.com, www.kitcometals.com
LME = London Metal Exchange = www.metalprices.com; www.metalprices.com/pl.asp
Oanda = http://www.oanda.com/currency/real-time-rates

POSTED BY: Connexion AT 12:55 pm   |  Permalink   |  0 Comments  |  E-mail this
Saturday, 21 January 2012

Copper Gains on US Outlook, China Easing Hopes
Numerous signs of steady economic recovery in the United States are boosting investors’ confidence to shore up copper this week. Coupled with expectations that China will make loan access easier by easing capital requirements to help bolster the economy, market appetite for the red metal is rising steadily...

Copper dips on China manufacturing data, weak euro
Copper fell on Friday after manufacturing data from China showing a lacklustre start to the year reduced expectations of demand from the world's top consumer of the metal, with a weak euro putting further pressure on prices...

China Copper Imports Surge to Record on Spring Demand Outlook
Refined copper imports by China surged to a record in December, narrowing the second annual decline, as consumers built inventories ahead of a seasonal increase in demand...

A Shanghai warning for the LME
Metals production and consumption are still both rising. The need for price hedging is therefore also rising. What has changed of course is the availability of credit, as Beijing tightens the screws to damp down inflationary pressures and a previously sizzling property sector...

Copper Stockpiles in Shanghai Advance to Nine-Month High
Inventories gained for a seventh consecutive week, rising 11,193 metric tons to 131,645 tons, the highest since April, according to a survey of 10 warehouses in Shanghai, the exchange said on its website. Aluminum inventories also rose...

Copper Rises to 17-Week High on U.S. Manufacturing, Housing Data
Copper futures rose to a 17-week high as reports showing gains in U.S. manufacturing and homebuilder sentiment bolstered prospects for metal demand...

BHP hikes Chile copper resource 700%
Diversified miner BHP Billiton has reported a 700% increase in the mineral resource for its Spence copper project, in northern Chile, following a four-year, $30-million brownfield exploration programme...

Copper Market Rebounds -- Lundin Mining and Freeport McMoRan Poised to Benefit
Copper stocks have been on the upswing this week as the price of the red metal recently hit a new 3 month high. Copper prices have rallied as upbeat Chinese economic data fed hopes that officials in the world's top copper consumer will try to stimulate growth. China said its economy grew by 8.9 percent in the fourth quarter, which was slower than the previous quarter...

POSTED BY: Connexion AT 07:39 am   |  Permalink   |  0 Comments  |  E-mail this
Tuesday, 17 January 2012
Aluminum pound  $0.9557  $0.9199  5.92%  $1.0126   (5.62%)
LME
Copper pound  $3.5974  $3.4133  4.73%  $3.8886   (7.49%)
LME
Nickel pound  $8.8065  $8.5094  3.29%  $9.0197   (2.36%)
LME
Tin pound  $8.9494  $8.9494  5.08%  $9.9609  (5.08%)
LME
Zinc pound  $0.8788  $0.8287  5.72%  $0.8754  0.39%
LME
             
 
Crude Oil barrel  $98.58  $101.36 (2.98%)  $93.17  5.81%
DOE
Diesel gallon  $3.872  $3.850 0.57%  $3.869  0.08%
AAA
Gasoline (unleaded) gallon+  $3.391  $3.366 0.72%  $3.449   (1.68%)
AAA
Natural Gas mbtu  $2.70  $2.91 (5.85%)  $3.59   (24.79%)
DOE
       
Gold ounce  $1,639.70  $1,616.60  1.32%  $1,743.50   (5.95%)
Kitco
Silver ounce  $29.77  $28.75  2.89%  $35.29   (15.64%)
Kitco
    
US Dollar one euro =  $1.2681  $1.2727  (0.32%)  $1.4155  (10.41%)
Kitco
  100 yen =  $1.3001  $1.2990  0.08%  $1.3189  (1.43%)
Kitco
  US $index =   81.51   81.25  0.35%   75.05  8.61%
Kitco

Mbtu = 1 million British thermal units. Gasoline price = national average at retail.
One barrel = 42 gallons. *Natural gas prices as reported by U.S. DOE for at Henry Hub.
** Change from 1/6/12 price. *** Change from 10/28/11 using most recent price.

 

 

NOTE: TEDMAG.com provides the above prices for your information only. Do not use the above data to trade commodities. TEDMAG has made every effort to obtain accurate prices from responsible public sources, but these prices may not reflect actual transactions or prices available to you if you seek to trade.

Additional Commodities Information

120116_commodity1

Above: Relative one-year performance of Exchange-Traded Funds representing major commodities vs the S&P 500. SLV (black bar) = silver; GLD (gold line) = Gold; blue line = S&P 500. As can be seen, Gold outperformed both of the others. Below: Representative stocks in the Gold/Copper area vs. the S&P 500. Again the blue line = S&P 500; the black bars = Freeport McMoRan Copper & Gold; the gold line = Taseko Mines. Both charts created at http://barcharts.marketwatch.com.

120116_commodity2


Sources:

AAA = Fuel Gauge report, updated daily – www.fuelgaugereport.com; see also www.aaa.com
DOE Energy Assurance Daily: www.oe.netl.doe.gov/ead.aspx
Kitco = www.kitco.com, www.kitcometals.com
LME = London Metal Exchange = www.metalprices.com; www.metalprices.com/pl.asp

POSTED BY: Connexion AT 12:42 pm   |  Permalink   |  0 Comments  |  E-mail this
Tuesday, 10 January 2012
Aluminum pound  $0.9199  $0.8958  2.36%  $1.0126   (9.15%)
LME
Copper pound  $3.42133  $3.4219  (2.21%)  $3.8886   (12.22%)
LME
Nickel pound  $8.5094  $8.2917  2.41%  $9.0197   (5.66%)
LME
Tin pound  $8.9494  $8.5616  3.89%  $9.9609  (10.15%)
LME
Zinc pound  $0.8287  $0.8264  0.26%  $0.8754  (5.33%)
LME
             
 
Crude Oil barrel  $101.36  $99.60  1.89%  $93.17  8.79%
DOE
Diesel gallon  $3.850  $3.823  0.70%  $3.869  (0.49%)
AAA
Gasoline (unleaded) gallon+  $3.366  $3.276 2.61%  $3.449   (2.41%)
AAA
Natural Gas mbtu  $2.91  $2.98  (1.95%)  $3.59   (18.94%)
DOE
       
Gold ounce  $1,616.60  $1,566.40  2.88%  $1,743.50   (7.28%)
Kitco
Silver ounce  $28.75  $27.86  2.52%  $35.29   (16.53%)
Kitco
    
US Dollar one euro =  $1.2727  $1.2963  (1.67%)  $1.4155  (10.09%)
Kitco
  100 yen =  $1.2990  $1.2993  (0.02%)  $1.3189  (1.51%)
Kitco
  US $index =   81.25   80.25  1.33%   75.05  8.26%
Kitco

Mbtu = 1 million British thermal units. Gasoline price = national average at retail.
One barrel = 42 gallons. *Natural gas prices as reported by U.S. DOE for at Henry Hub.
** Change from 12/30/11 price. *** Change from 10/28/11 using most recent price.

 

 

NOTE: TEDMAG.com provides the above prices for your information only. Do not use the above data to trade commodities. TEDMAG has made every effort to obtain accurate prices from responsible public sources, but these prices may not reflect actual transactions or prices available to you if you seek to trade.

Additional Commodities Information

120110_commodity1

Above: Aluminum's spot-market price decline over the past 12 months. Below: A 30-day reading on a base metals price index. Both available on www.kitcometals.com.

120110_commodity2


Sources:

AAA = Fuel Gauge report, updated daily – www.fuelgaugereport.com; see also www.aaa.com
DOE Energy Assurance Daily: www.oe.netl.doe.gov/ead.aspx
Kitco = www.kitco.com, www.kitcometals.com
LME = London Metal Exchange = www.metalprices.com; www.metalprices.com/pl.asp

POSTED BY: Connexion AT 04:49 pm   |  Permalink   |  0 Comments  |  E-mail this
Tuesday, 10 January 2012

Morgan Stanley recently released their forecasts for 18 key commodities. For those following electrical contruction markets, they contend: "Copper tends to underperform during global economic slowdowns but is expected to outperform base metals and Aluminium prices could fall as much as 12% in 2012 from 2011 prices..."

Read the full story 

POSTED BY: Connexion AT 04:41 pm   |  Permalink   |  0 Comments  |  E-mail this
Saturday, 07 January 2012

Copper briefly turns higher after U.S. data
Copper prices briefly reversed losses on Friday following better-than-expected U.S. nonfarm payrolls, but a weak euro kept gains in check...

Copper, nickel up on industrial demand
Copper and nickel prices rose by Rs 2 per kg in the local non-ferrous metal market today on pick-up in industrial demand amid a firming global trend...

Weekly Metals Wrap Up: Copper Swings Between Positive And Negative
Copper remained jostling between positive and negative sentiments throughout the week ending 6 Jan 2012. On the positive side China manufacturing numbers revived faith of investors...

Attempted copper theft at Entergy substation leads to blackout
A would-be copper thief tried to make way with a bundle of the valuable metal from an Entergy substation Friday afternoon but damaged a transformer instead, cutting power for thousands in Uptown and Jefferson for about an hour and burning himself in the process...

Copper Drops as Europe Worries Rattle Markets
BHP Billiton (ASX:BHP) has settled 2012 copper concentrate treatment and refining charges with Chinese copper smelters at $60 a ton and 6.00 cents a pound, up from $56.5 a ton and 5.65 cents a pound in 2011, according to Reuters...

Shanghai Copper Stockpiles Rise to Highest in Almost Four Months
Copper stockpiles (SHFCCOPD) monitored by the Shanghai Futures Exchange climbed this week to the highest level in almost four months, while aluminum holdings were the largest in half a year, data from the bourse showed today...

POSTED BY: AT 12:12 pm   |  Permalink   |  E-mail this
Copper Market News 
 LME copper - Bing News 
(Refiles to fix formatting) SINGAPORE, Feb 3 (Reuters) - London copper sagged on Friday on caution ahead of key U.S. employment data, and is heading for its first weekly loss in the past month as slow Chinese demand and worries about Greece's ...
* Front month Shanghai copper at discount to April contract * Discount flags lack of nearby demand * Coming Up: U.S. initial jobless claims; 1330 GMT (Updates prices) By Melanie Burton and Jane Lee SHANGHAI, Feb 2 (Reuters) - London copper ...
Sluggish demand from top copper consumer China and worries about Greece's drawn-out debt deal took the steam out of last week's rally. LME Price Highlights: --Aluminium Alloy advanced 0.47% to $2130 a metric ton --Aluminium dipped 1.9% to $2158 ...
(Adds comment, updates prices) * Investors watch for China's market re-entry * EU leaders grapple to reconcile austerity, growth * LME copper stocks fall to lowest since Sept 2009 By Maytaal Angel LONDON, Jan 30 (Reuters) - Copper fell on Monday ...
Feb. 3 (Bloomberg) -- Copper headed for the first weekly drop in four as stockpiles monitored by the Shanghai Futures Exchange rose to the highest since May 2010, boosting speculation demand in China, the biggest consumer, may be weakening.
According to Goldman, better-than-expected macroeconomic data together with a reduction in perceived tail risks in Europe and China led to a 16% rise in LME copper since mid-December. Goldman had identified copper as undervalued then but says it ...
Mumbai, Feb 6 (PTI) Nickel, tin and select copper prices fell at the non-ferrous metal market here today on renewed stockist selling amidst lower industrial offtake following bearish London Metal Exchange (LME) cues. Meanwhile, copper utensils scrap and ...
LME data showed stocks rose 30,525 tonnes to hit a new record ... 59900.00 1.05 SHFE Zin 16195.00 240.00 +1.50 21195.00 -23.59 ** 1st contract month for COMEX copper * 3rd contract month for SHFE AL, CU and ZN SHFE ZN began trading on 26/3/07
SHANGHAI, Jan 20 (Reuters) - London copper pared gains and slipped into negative territory on Friday, having earlier hit four-month highs, after data showed a sluggish start to the year from China's manufacturing sector. LME copper traded flat at $8,359.50 ...
Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV) ("Bellhaven" or the "Company") is pleased to announce that diamond drill-holes LME-1038, LME-1041, LME-1043, LME-1046 and LME-1048 at the Middle Zone prospect have yielded multiple gold-copper intercepts ...
Mining News 
 MINING.com » MINING.com 
The company will immediately mothball four mines in central Appalachia, plans to idle two more by early next year and scale back output at other mines as US coal demand for electricity generation wanes.
South Africa's ruling party, the African National Congress, appears to be moving away from nationalization of the mining industry to reassure foreign investors but is considering new taxes and "targeted interventions" in the sector, particularly platinum mines.
The state agency of geology and mineral resources of Kyrgyzstan announced this week that in 2011, the output of the gold-mining industry of the ex-Soviet republic increased by 41.7% compared with 2010. The value of gold production dominated by the Kumtor mine owned by Canada's Centerra was $1.9 billion, almost a full 15% of the impoverished country's $13.16 billion (2011 est.) gross domestic product.
t would take 908 ounces of gold to purchase the average Manhattan apartment versus the 1996 low point of 1,030 ounces, a point where many think our asset bubble problems began (stocks, then housing).
According to a new European Wind Energy Association report a record 71% of all the new power generating capacity installed in the Europe Union in 2011 came from solar panels, offshore and onshore wind turbines and other renewable energy sources. This at the same time as the world's largest clean coal power station project appears stuck in the starting blocks.
Now we know how the clash of the titans played out in the aluminium market last December.
A new UN report says a US trade adviser appointed by Barack Obama orchestrated a $20 million deal to buy 1,045 pounds of gold in eastern DRC from warlord Bosco Ntaganda, wanted for war crimes since 2006. The botched deal by Houston oil tycoon Dr. Kase Lawal also involved his brother and former basketball star Dikembe Mutombo.
Tata Steel Minerals Canada (TSMC), the 80 per cent subsidiary of Tata Steel in Canada, has entered into a “life of mine” rail transportation contract with Quebec North Shore and Labrador Railway Company (QNS&L), a subsidiary of Iron Ore Company of Canada.
After marching steadily higher early in the week, gold and silver saw their biggest one-day losses in more than a month on Friday as hopes for more Fed money printing were dashed after the better-than-expected labor report.
Xanadu Mines has acquired two licences in the highly prospective South Gobi porphyry belt in southern Mongolia.
U.K.-listed Anglo Pacific PLC (APF.LN ) is a rare breed for a mining sector-focused company. It's primary business isn't running a mine or owning a deposit, but securing royalties from a mine's revenue stream and in turn providing long-term, secure revenue streams for its shareholders.
Over the past month they've been impossible to miss. On billboards across Hong Kong, throughout its subway network and all over its buses have been huge advertisements for little gold dragons.
Nothing is so salutary for the Chinese economy as growth in the United States, and nothing is so good for copper and iron ore prices as a strong Chinese economy. The recent drop in the U.S. jobless rate rippled across the world to these metals, and their exchange traded funds gained as a result.
Interfax-China reported that China's gold bullion output grew by 5.89% in 2011 to reach a record high of 360.96 tonnes up by 20.08 tonnes from the previous year making the country the world's largest producer for the fifth year running. The China Gold Association said that South Africa, the world's largest gold producer from 1896 to 2006, has seen output dwindle in recent years. It reported total production of 192 tonnes in 2010.
Bloomberg reported that Mitsubishi Corporation of Japan plans to almost double its copper output in 2012 after spending USD 5.39 billion to buy a minority stake in Anglo American Plc's Chilean unit.
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