BN Commodities
@BNCommodities
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Commodities breaking news and in-depth analysis from Bloomberg journalists around the world. @business #OATT #METL
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The copper squeeze could be bigger than oil
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149
Commodities will be the best-performing asset class once again in 2023, handing investors returns of more than 40%, according to Goldman Sachs
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145
Commodities trader Pierre Andurand heads for a stellar year, with the biggest of his hedge funds returning 162% so far
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135
Billionaire mining investor Robert Friedland says the tumble in copper prices is only a temporary setback
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38
100
#Copper
stocks on the London Metal Exchange haven't been this low since the 1970s. The squeeze has helped drive prices above $10,000 a ton.
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Lithium prices have already been on a monumental tear. But if there’s one thing that the industry’s top executives agree on it’s that there’s room to go even higher
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The nickel market risks its biggest squeeze in more than a decade
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85
A popular bet on gas is at risk of crumbling as potential delays loom over three major U.S. natural gas projects
1
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70
The inflated price of Thanksgiving this year will make you thankful you don't have a bigger family
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Goldman boosted its gold forecast to $1,800 an ounce
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Rio Tinto is actively looking for lithium acquisitions, predicting prices for the key raw material in electric-vehicle batteries will stay high
1
16
70
Gold just got a very bullish sign from investors who are returning to the precious metal in a big way
4
31
60
Runaway raw material costs are fueling a “ridiculous” increase in the price of batteries for electric vehicles, according to Li Auto CEO Li Xiang, who took to social media in China over the weekend to offer a rare insight into EV makers’ pain
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The man behind some of the world’s biggest mines warns that copper is about to be upended by a price surge as the industry struggles to expand amid accelerating demand
2
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61
Oil and other commodities have probably entered a so-called supercycle, according to JPMorgan
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Financial markets are still unnerved by the notion that interest rates will be "higher for longer". Yet the economy itself - at least in the UK - is showing few obvious signs of weakness. What does that imply for your investments?
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China says frozen chicken wings from Brazil test positive for coronavirus
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Base metals are rocketing toward all-time highs
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The world could soon face a big shortage of one of its most important metals:
#copper
. The red metal -- a good conductor of electricity and heat -- is used in everything from cars to washing machines. It's also crucial for the green-energy transition.
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27
54
The London tin market is facing the biggest supply squeeze in at least three decades as dwindling inventories, robust industrial demand and rising investor interest boost spot prices.
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53
Goldman Sachs is “extremely bullish” on commodities, amid a supercycle that has the potential to last for a decade
1
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53
Nearly half the world’s electricity will come from renewable energy by 2050 as costs of wind, solar and battery storage continue to plummet
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41
Traders on the main gold futures exchange in New York issued the largest daily delivery notice on record
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Gold’s allure is only getting stronger as 2020 unfolds.
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44
Gold rallied to its highest prices in almost six years, as futures contracts equal to more than 1 million ounces traded in just five minutes on Monday via
@markets
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Exxon CEO Darren Woods is going on the offensive after coming under attack from environmentalists and investors in the first half of his seven-year tenure -- and Wall Street is rewarding his bolder stance.
1
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43
Silver prices whipsawed again, suggesting a market on high alert after a push by Reddit posters to create a short squeeze
6
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43
Copper topped $8,000 a ton for the first time in more than seven years
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43
Gold spreads blow out again as traders withdraw in fear
1
17
43
The oil and gas industry shed nearly 51,000 jobs in March, a 9% reduction that is likely to get worse
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39
Electric-car makers rushing to secure battery materials must partner with miners on new refinery projects, according to one key supplier
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42
Russia has been dumping dollars and buying gold. Smart move
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Commodities are poised to rally in 2023 as China recovers, US inflation proves to be benign, and Russian oil production contracts, according to Goldman Sachs’s global head of commodities research
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42
The prospect of a fertilizer shortage that threw farmers and crop markets into disarray and pushed up food costs globally may be over
1
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39
A major gold-buying spree by central banks is likely to persist in the coming years
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39
Oil Demand Is Down as Much as 20 Million Barrels a Day, Vitol Says
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40
Copper is vital to the transition to a low-carbon energy system. But it's not clear whether mining companies are investing enough to rewire the world
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40
The world’s most crucial
#metals
continued on a breakneck surge as energy shortages forced more production cuts and piled pressure on manufacturers. The rise in prices is fueling concerns about broader
#inflation
.
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Ramping up copper supply to meet growing demand in the clean-energy transition is getting harder, said Freeport-McMoRan CEO Richard Adkerson
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South Korea has run out of commercial storage space for oil as a global glut intensifies
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Sweden starts an oil-fired reserve power plant after Poland said it needed help from its neighbors to meet soaring electricity demand as freezing weather spread across Europe
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Gold could hit a record before the year-end, aided in part by the risks surrounding the U.S. presidential election, Citigroup says
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Here’s another sign of the world’s lithium frenzy: Chinese factories that typically make ceramics for bathroom tiles are switching to supply the electric-vehicle battery material instead
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Chinese copper stocks are returning to favor as the outlook for demand brightens, with a late spurt delivering the best annual gain in half a decade for the largest, Jiangxi Copper Co.
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Trump wants to meet with Xi `very soon' to try to end trade war
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The rush to electrify transportation shifts to Europe in 2020, a forecast from
@BloombergNEF
reports
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Lithium is Rio Tinto’s No. 1 target for deals, but companies such as Tesla seem willing to outbid the mining giant
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Venezuela's opposition says it would allow independent foreign oil drilling
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32
BOOM!
Copper touches $6,000 a ton.
Up 20% this week.
Thank Chinese speculators and President-elect Donald Trump.
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Right now there is about one or two sellers for every 99 buyers of small gold bars and coins
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A group of investors led by the son of the late Swedish-Canadian mining tycoon Lukas Henrik Lundin plan to start a $500 fund to invest in mining projects
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There’s a fight brewing in the
#lithium
market, after a controversial forecast from Goldman Sachs analysts set off a backlash among some of the industry’s most prominent experts. By
@markburtonmetals
@annieLee23
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China’s gold-buying spree nears 100 tons as trade war drags
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Gold is the priciest since 2013 with Goldman seeing more upside
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Someone is making a huge bet that gold prices will triple
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The world’s No. 2 lithium producer, SQM, says it expects prices for the battery material to stay high into 2023
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Investors are pumping more money into commodity funds than at any time in the last decade, enticed by red-hot inflation and a futures market offering big profits
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China is buying Brazilian soybeans in a sign the Asian nation may be looking to secure supplies as trade tensions with the U.S. rise
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German steel and elevator conglomerate Thyssenkrupp will eliminate 11,000 jobs
0
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Rio Tinto Group, the world’s biggest iron ore miner, is looking at a number of possible lithium acquisitions and would like to buy an asset to produce or refine the key-battery material in Canada
3
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⛏️ The world’s biggest mining companies are expected to announce record profits and eye-watering dividends this week. That's because
#commodities
like iron ore and aluminium are among the biggest beneficiaries from the world’s economic recovery.
0
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33
Europe will get stung this year with the biggest energy bill in a decade, Citigroup says
3
8
32
Fertilizer prices keep soaring to unprecedented heights, signaling escalating costs for farmers and consumers around the world
1
26
31
The global economy isn't slowing enough to spark a collapse in oil prices, argues
@JavierBlas
via
@opinion
0
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Goldman Sachs Head of Research: Gold is Set for Boom
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31
Early indicators show China's economy weakening again in August.
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The hottest debate on Wall Street is buying Bitcoin over gold
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It’s a sign of the times. Farmers make more money on social media than actually farming.
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Bullish investors say copper manufacturers will be well-positioned to pass on costs, given the metal’s array of uses in everything from cars, washing machines, wind turbines and grid infrastructure
1
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Gold surged above $1,600 an ounce to the highest level in more than six years after Iran attacked two U.S.-Iraqi airbases
1
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27
The copper market is experiencing a wave of investor interest the likes of which it hasn’t seen for a decade
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Corn prices in Brazil have jumped 68% this year to an all-time-high, erasing profit margins for poultry farmers
1
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Traders are rushing to check that the metal they hold in Chinese warehouses really exists, as allegations of irregular financing trigger a widespread loss of confidence in the world’s largest aluminum market
0
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Democrats are pitching a plan that would allow the US government to buy and sell crude from its emergency reserves for a profit and use that money to fund electric-car charging infrastructure
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The lithium mine buildup is outpacing the electric-car boom
0
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Copper, a key indicator for global industrial activity, skidded to the lowest since mid-2017 as investors faced fresh evidence of an economic slowdown
0
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Corn is getting so expensive that farmers are buying up wheat that's normally reserved for humans to feed to their livestock
1
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27
“Everyone loves copper and everyone wants to buy it” -- Big day for M&A
0
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BlackRock sees gold ending the year higher on Fed's dovish pivot
0
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Collapsing prices of lithium have prompted Chinese companies to rein in output of the key battery material at a top production hub
0
16
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Commodities could surge by as much 40%, far into record territory, if investors boost their allocation to raw materials at a time of rising inflation, according to JPMorgan
3
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Italian police have seized 9.4 tons of smuggled Chinese pork because of fears the meat could be contaminated with swine fever
1
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A Swiss commodity trader agreed to buy $36 million of copper, but when the cargoes arrived all it found were containers full of painted rocks
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Good times are ahead for producers of lithium, the battery material that’s key to the electrification of transportation
0
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Only a fraction of the world's aluminum is held in London Metal Exchange warehouses, and there’s no easy way to track how much sits outside that network. But that’s about to change.
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China said it would release its third batch of metals from state reserves on Sept. 1 as part of its ongoing campaign to control prices
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Not kidding.
Copper going crazy.
Down to Trump's infrastructure building plan
.
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Locust swarms head for India ahead of planting season
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The coronavirus froze up the diamond market so dramatically that the two biggest producers hardly sold any gems at all last quarter
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