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Eur/Usd: pullback phase in progress
In the article of February 4 (read here) the projections identified the first short-term targets towards 1.1560 and 1.1700. The targets are still the same, with the current movement of Eur/Usd in pullback phase (physiological movement of return towards a purchase area...
Zinc: in 2022 prices may drop 4% due to oversupply
In January 2022, the average annual zinc price was $3,599 per tonne, up 6% from December 2021. Many analysts expect the price to fall 4% y/y to around $2,880 per tonne in 2022 due to oversupply in the market. After seasonal rises, zinc prices are expected to see a...
Aluminium: prices reach the highest since 2008
Aluminum rose to a 13-year high as booming demand and a series of smelter closures in China and Europe bring the risk of shortages of this crucial industrial metal. Prices rose as much as 3.3% to $3,236 a tonne on the London Metal Exchange, surpassing the October peak...
Aluminum: Rio Tinto wants to keep Tiwai smelter running beyond 2024
The global mining and metals giant Rio Tinto, which is the majority owner of the Tiwai Point aluminum smelter in New Zealand, has shown a desire to keep the aluminum smelter functional beyond 2024, but the main power supplier to NZAS, Meridian Energy denies any...