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Aluminium

USD Rally Continues As Q2 Outlook Picks Up

As we’ve seen across most of the developed countries, US Q1 economic releases highlighted some weakness in performance. A combination of an aggressive protectionist skew in president Trump’s policies along with volatility in financial…

Weekly Commodities Wrap

Copper: Chinese Imports Fuel Fresh Rally Copper prices surged to fresh highs again this week, marking their highest levels in nearly four years as a combination of factors propelled the red metal higher. Firstly, reports of a boom in…

Weekly Commodities Wrap

Copper: Fund Managers Slash Long Positions Copper prices fell lower again this week as continued risk aversion, in response to rising geopolitical tensions, continues to weigh on commodity prices.  Reflecting the shift in sentiment, the…

Weekly Commodities Wrap

Copper: Industry Executives Expecting Higher Prices Copper prices rose this week despite boosted by weakness in the US Dollar in response to a weaker-than-expected ISM non-manufacturing print. In a note released this week, BMI Research…

Weekly Commodities Wrap

Copper: Supply Disruptions Worsen Copper prices surged higher this week fuelled by yet further supply disruptions. The continuing strikes at BHP Billiton’s Escondida in Chile and Freeport’s Grasberg mine in Indonesia are weighing heavily…

Weekly Commodities Wrap

Copper: Rising US Rate Hike Expectations Weigh On Copper Copper prices were weighed down this week by an uptick in Fed rate hike expectations. Following a raft of Hawkish commentary by various Fed members last week, who all agree that a…

Weekly Commodities Wrap

Copper Prices: Better China Data Supports, Stronger USD Weighs Copper prices were initially stronger on the week benefiting from better Chinese data. The China Manufacturing PMI for February came in at 51.6 vs. 51.2 expected while the…

Weekly Commodities Wrap

Copper:  Stronger USD Weighs on Copper After showing initial strength on the week, Copper prices retreated and turned lower as the release of the FOMC minutes gave further bullish signals. The minutes showed that many participants feel it…