Despite a recovery on the demand side and a major strike in South Africa, mining companies inventory is preventing prices to rise. Platinum futures for April delivery gained 0.9 percent to $1,441.40 an ounce which is a 5% increase since January 1st.
Commodities rose for the fifth straight month, the longest rally since March 2000, as farmers and mining companies struggle to keep pace with demand bolstered by the global economic recovery. Wheat had the biggest January rally in 18 years amid
The world’s biggest iron-ore miners are running at record production rates and boosting prices, maintaining the upward momentum begun in earnest in the second half of 2010. In anticipation of continued high raw-material costs, steelmakers are trying to boost their
Shipping lines carrying raw materials are set for the lowest freight rates since 2002. Jan. 10 (Bloomberg) — At a time when analysts anticipate record profits for the biggest mining companies and a third year of gains in commodity prices,