Latest news and articles about metal markets from NEX English
Copper prices in Shanghai saw a notable increase on Friday, heading towards a second consecutive month of gains as market optimism grows regarding a potential peace agreement between the United States and Iran. This optimism has contributed to a decline in oil and dollar prices, easing concerns related to inflation and global growth slowdown.
Chinese authorities have announced the expansion of their investigations into circular invoicing to include the city of <strong>Shanghai</strong>, threatening significant fluctuations in the metal industry. This development comes at a sensitive time for global markets.
Gold prices in the Jordanian market saw a significant increase on Thursday, with the price of 21-carat gold reaching approximately <strong>96.2 dinars</strong> per gram. This rise comes amid fluctuations in global markets.
The London Metal Exchange (LME) plans to expand its approved warehouse network in Hong Kong following the licensing of its first warehouse last year. This move responds to a significant increase in global demand for metals.
Political tensions significantly affect energy and metal markets, contributing to price volatility and increased risks. A finance professor highlights these dynamics.
Nickel prices have seen a significant increase in global markets today, driven by concerns over supply shortages due to production cuts in Indonesia and a sulfur crisis in the Middle East. The contracts on the Shanghai exchange rose by <strong>3.55%</strong>.
Copper prices in London fell after reaching a three-week high, driven by uncertainties surrounding the stability of the ceasefire between the U.S. and Iran. This situation negatively impacts global economic growth forecasts.
Iran's recent attacks on aluminum producers in the Middle East have caused prices to surge to levels not seen since 2022, raising concerns over a potential supply crisis. The strikes targeted major facilities in the Gulf, resulting in significant damage and market uncertainty.
Gold prices fell by more than 1% on Thursday, ending a four-day winning streak, following U.S. President Donald Trump's escalatory remarks towards Iran. This decline reflects a reassessment of risks in global markets.
Gold prices saw a slight increase today, supported by a decline in the dollar, but are on track for their worst monthly performance in over 17 years due to rising energy prices. Prices have dropped approximately 14% since the beginning of the month.
Aluminum prices have risen by <strong>6%</strong> in global markets after Iran targeted two key production sites in the Middle East, threatening to deepen the supply crisis in this vital production region.