Metal Commodities
Meat bans, soaring gold selling prices and ‘un-Brexit’? A single bank’s ‘outrageous’ predictions for 2023
Meat bans, soaring gold prices and Britain voting to ‘un–Brexit’ could be on the playing cards for 2023, according to Saxo’s Outrageous Predictions. Bloomberg / Contributor / Getty Pictures Saxo Bank’s “outrageous predictions” for 2023 contain a ban on meat creation, skyrocketing gold costs and Britain voting to “un-Brexit.” The Danish bank’s yearly report, published […]
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Gold at $4,000? Analysts share their 2023 outlook as inflation, recession fears linger
Gold rates could surge to $4,000 for each ounce in 2023 as desire amount hikes and economic downturn fears maintain markets risky, said Juerg Kiener, managing director and main expenditure officer of Swiss Asia Capital. The rate of the precious metallic could get to among $2,500 and $4,000 someday next 12 months, Kiener told CNBC’s […]
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LME experienced regulatory obligation to be in a position to cancel nickel trades in March, filings say
Traders, brokers and clerks on the buying and selling flooring of the open up outcry pit at the London Steel Exchange in London, U.K., on Monday, Feb. 28, 2022. Chris J. Ratcliffe | Bloomberg | Getty Images The London Steel Exchange (LME), battling a combined $472 million lawsuit from U.S. hedge cash Elliott Associates and Jane Road […]
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Sanctions on Russia aluminum could ship ripple effects as a result of global supply chains
Aluminum is the most up-to-date casualty of international economic headwinds as rates sink amid alleged dumping of Russian aluminum, weakening international desire and soaring operational fees. Earlier this week, stocks of aluminum in the London Metals Exchange (LME) warehouses leapt, sparking fears of probable dumping of Russian-origin aluminum. The White Home is currently considering a ban […]
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China’s CATL, a Tesla provider, considers growing battery swapping enterprise abroad
CATL is the world’s largest electric auto battery maker and provider to the likes of Tesla and Ford. Pavlo Gonchar | Sopa Photographs | Lightrocket | Getty Photos The world’s most significant electric car battery maker CATL is evaluating whether or not to expand its battery swapping business to worldwide marketplaces, a senior executive explained […]
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Global miners are self-confident China’s stimulus will aid prop up metal and iron ore need
China’s most important iron ore suppliers are optimistic about Beijing’s designs to roll out procedures and stimuli to buttress the steel field as the state faces economic headwinds and a battling residence market. Very last 7 days, Beijing launched more of this sort of stimulus policies including an added 300 billion yuan ($44 billion) in quotas for […]
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U.S. blocks gold imports from Russia in latest round of sanctions targeting Putin’s war
The Treasury Department on Tuesday announced that the U.S. and a handful of key economic allies will prohibit imports of Russian gold, Moscow’s largest export outside of the energy sector. The expanded sanctions represent the latest effort by the U.S. and some of its Group of Seven partners to target Russian President Vladimir Putin and […]
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China’s electric vehicle battery supply chain shows signs of forced labor, report says
Hundreds of Uyghurs are working for a mining conglomerate that produces raw materials for electric vehicles as part of a so-called work transfer program in China, the New York Times reported. Shen Longquan | Visual China Group | Getty Images Chinese companies that produce raw materials for electric vehicle batteries show indications of using forced […]
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Top strategist says to own stocks in these sectors to beat any recession
David Roche, president of Independent Strategy, warned the economy is entering a “war-cession,” and said markets are underestimating it. Source
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British regulators to review nickel trading halt on the London Metal Exchange
Traders, brokers and clerks on the trading floor of the open outcry pit at the London Metal Exchange Ltd. in London, U.K., on Monday, Feb. 28, 2022. Chris J. Ratcliffe | Bloomberg | Getty Images British financial regulators said on Monday that they would review the way the London Metal Exchange (LME) handled a halt […]
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