Commodities

Brent crude dips after hitting three-years high level

Highlights Brent crude oil prices dip on Tuesday after hitting a record high level of US$80 per barrel. Leading oil-producing nations are struggli...

Copper dips on the strong dollar and China's power crisis

Highlights Copper prices dip on Tuesday due to the impacts of the China power crisis. A rise in the US dollar has also made copper more expensive...

Dalian iron ore climbs up on power curbs

Dalian iron ore futures gained more than 5% on Monday with prices hitting above CNY700 level. At the same time, the prices of steel rebar and hot-roll...

Oil rises on strong demand and tight supplies

Crude oil prices galloped on Monday with Brent crude hitting near US$80 per barrel on the back of robust demand and tight supplies. December delivery...

Crude oil prices reach 3-year high on US supply disruptions

th supplies from Canada and Iraq. Members of OPEC+ struggle to raise their output. Crude oil rose to a near three-year highest levels on Monday....

Global steel production tumbles in August on China’s environmental c...

Highlights Global steel production tumbled in August 2021. China curbed its steel production on environmental concerns. Japan India and the US re...

Brent crude hits 2-month high level on supply concerns

Highlights Brent Crude oil prices surged to two-month highs on Thursday. Strong demand and limited supply are pushing the prices to record highs....

What made Copper futures rebound today?

Highlights Copper prices climb up on Wednesday. Evergrande decided to pay interest on a domestic bond. Copper futures hit record highs during May...

What made oil prices edge up today?

Highlights Crude oil rises on Wednesday. US crude stocks tumbled to their lowest level in the last three years. Oil facilities in the US Gulf of...

Indonesia launched new steel plant amid skyrocketing steel prices

Highlights Indonesia has inaugurated a new 1.5Mt annual output capacity steel plant. The new steel plant is designed to produce hot-rolled coils....

Oil rises as investors are concerned about growing oil demand and su...

Highlights Crude oil prices rose on Tuesday. The oil demand is improving as the world recovers from coronavirus. API data suggests that U.S. crud...

What’s fueling the uranium bull run?

The prices of uranium surged to nine-year highs last week, surpassing the US$50-per-tonne mark. The significant rise in raw uranium prices, which is a...

Magnesium hits 13-year highs on China’s environmental concerns

The International Magnesium Association stated on Monday that the prices of magnesium have rallied to their highest level in the last 13-years in...

Oil dips on rising US dollar

Highlights Crude oil prices dipped on Monday. Oil prices got support from disrupted US supply followed by two hurricanes. Crude oil has grown sig...

Nickel hits seven-year highs on strong demand and tight supplies

Nickel prices surged to seven-year high levels on Friday due to supply concerns followed by the Indonesian government is looking at taxes on the ingre...

Oil falls on US crude oil recovery

Highlights Crude oil dips on Monday. US operations resumed production. Oil recorded a 3% weekly gain in the last week. Crude oil prices inch...

Oil rises on higher-than-expected drawdown in the US crude inventori...

Highlights Crude oil climbs up on Wednesday. The government data shows a higher-than-expected drawdown in the US crude inventories. The US crude...

Australia gains top spot in gold production; overtakes China for the...

Australian gold miners have turned the corner around challenging times and helped the country in setting a new production record. Higher output by Aus...

Crude oil trades flat as tropical storm Nicholas hit Texas

Crude oil traded nearly flat on Tuesday due to tropical storm Nicholas that hit the coast of Texas bringing heavy rain and power outages in the region...

Oil rises on slow supply recovery from the US

Stock Photo Oil Prices Rise  Crude oil prices soared to six-week high on Monday due to slow recovery in the US output, two weeks after Hurricane...