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Category Archives: Daily Commodity Market Strategy

Gold To Drop 2% In 2017 As Interest Rates Rise — World Bank

COPPER: South China Largest Copper-Sulfur Beneficiation Plant Put into Production in Guangdong. Largest copper-sulfur recycling project in South China was put into production April 26 in Shaoguan City, Guangdong Province, Southern Daily reported. The Dabaoshan copper-sulfur beneficiation plant has daily designed capacity of 7,000 tonnes of raw ore. Maximum daily ore processing capacity reaches 10,000

OPEC cut doubts put oil on track for biggest weekly drop in a month

Oil held near $53 a barrel on Friday, but was on course for its biggest weekly drop in a month due to doubts that an OPEC-led production cut will restore balance to an oversupplied market. Brent futures were at $53.01 a barrel at 1107 GMT, up 2 cents from their last close and set for

MCX COMMODITY MARKET NEWS UPDATES – 21 APR 2017

COPPER; Freeport Indonesia Workers Plan Month-Long Strike, SMM Reports Freeport McMoran Inc Indonesia workers plan to launch a month-long strike against layoff from May 1, as the company slashed production in the time of a contract dispute with Indonesian government, according to foreign media. Union member Tri Puspital said the strike at the giant Grasberg

MCX COMMODITY MARKET NEWS UPDATES – 20 APR 2017

COPPER: Southern Copper Workers Ends Strike in Peru. Southern Copper Corporation’s workers ended the strike at Peru-based mine on Wednesday which lasted for 10 days, wenhua.com reported. The company said its output was not significantly affected by the strike. Labor Union Secretary-General Campos said the company and workers will participate in an negotiation with Labor

MCX COMMODITY MARKET NEWS & UPDATES – 19 APR 2017

COPPER: Codelco Ceases Beneficiation Plant at Salvador Copper Mine Codelco suspended its benficiation plant at the Salvador copper mine after one senior executive died in an accident Tuesday, wenhua.com reported. The company said they are now investigating the accident which happened in the floatation area of the beneficiation plant. The Salvador copper mine produced 60,000

MCX COMMODITY MARKET NEWS UPDATES – 18 APR 2017

ALUMINIUM: Where Will Aluminum Prices Head After Surprise Jump? Two factors fueled the price surge. First, the government of Changji, Xinjiang, issued Notice on Halting Construction of Illegal Aluminum Capacity on its website on April 14. Second, rumor was flying that the National Development & Reform Commission (NDRC) released “2017 656” document, which is about

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