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Industrial metals: technical conditions suggest a rebound in prices
Certainly it is still early to talk, because at the moment prices have sent only a tentative signal of reaction. However, there are many technical-graphic conditions that suggest a potential rebound that may get underway soon. Just to name a few: the several positive...
Chile is close to a decision to increase royalties on mines
Chile is close to reaching a consensus on the size of a royalty increase in the mining sector, Mining Minister Marcela Hernando said Tuesday, a decision that could have a significant impact on mining majors such as BHP and Antofagasta. The government's goal is to get...
Aluminum: major traders bet on a price rise
Aluminum traders are making bold bets in the options market to position themselves for a price surge later this year as the metals world weighs the possibility of restrictions on Russian supplies. The London Metal Exchange is formally discussing the possibility of...
Copper: China could solve Russian LME problem
China will be a key component of how the London Metal Exchange (LME) decides to solve its problem with Russia, with the possibility of the world's largest metal importer becoming the effective market of last resort. The LME faces a situation that is almost certainly...