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The world aluminum output witnessed a 167,000 metric ton increase in March, reaching 2.021 million tons, according to the International Aluminum Institute. This slight uptick comes as the industry faces intense scrutiny due to proposed mergers and declining commodity prices. Meanwhile, Russia has agreed to a $4 billion
Dow Jones & Company Inc.
Monday's start of floor trading for July copper futures is anticipated to show a decline of 7 cents, based on electronic activity prior to the pit session on the Comex division of the New York Mercantile Exchange. The drop is attributed to a stronger dollar against the euro
Dow Jones & Company Inc.
Prices for soybeans showed significant weakness on Monday, despite a decline in futures, as farmers sold off large volumes of beans. Cash corn prices, meanwhile, were languishing at a 5-week low. A significant increase in soybean sales by farmers contributed to the weakening basis, while hedge pressure also weighed on
Newspaper publishing
Gold prices have experienced a minor rebound, driven by short-covering and perceived bargain-hunting, following last week's low of $865.00 an ounce. However, prices remain below downtrend lines drawn from February, March, and April highs. For the gold market bulls to gain momentum, a close above $920.00
Dow Jones & Company Inc.
Copper prices are anticipated to surge on the Comex division of the New York Mercantile Exchange, following a significant increase in copper imports in China. As a result, copper futures are expected to open 9 cents a pound higher on Monday. This growth can be attributed to a 13.86%
Dow Jones & Company Inc.
Gold futures are expected to open trading in New York on Monday, around $3 an ounce higher, based on electronic activity ahead of the pit session at the Comex division of the New York Mercantile Exchange. May silver is expected to be up 9 cents an ounce. The euro'
Newspaper publishing
Gold futures rose on April 13, 2009, driven by safe-haven buying as investors sought alternative assets amidst the US dollar's weakness and market concerns over General Motors' earnings. The US Treasury's directive to GM to prepare for bankruptcy by June 1 added to the uncertainty,
Dow Jones & Company Inc.
Cattle and hog futures prices were anticipated to open higher in the US market on Friday, as Globex trading overnight indicated gains in live cattle and feeder cattle futures. Lean hogs were expected to open steady to firm, while pork bellies received a mixed call. The industry developments came on
Dow Jones & Company Inc.
Cattle futures prices in Chicago on Thursday were expected to open higher due to gains in Globex trading overnight, while lean hogs and pork bellies were expected to open weak to mostly lower. Analysts suggested that the low slaughter rate, beef demand, and export sales would influence the market. The
Newspaper publishing
A sharp sell-off in gold futures Thursday was triggered by the unwinding of safe-haven positions in the metal, as traders moved funds from a sector that is not performing to one that seems to be performing. The stock market rally continues, with the Dow Jones Industrial Average climbing back above
Newspaper publishing
The Chicago Mercantile Exchange saw live cattle and feeder cattle futures prices increase on Tuesday, March 31, 2009, as the stock market and other outside markets recovered from Monday's losses. Lean hogs also finished higher, mostly due to month-ending short covering and technical support. Analysts and brokers attributed
Dow Jones & Company Inc.
Copper futures declined Tuesday as investors took profit and the market stabilized at higher levels. May copper prices settled at $1.7240 a pound, a 2.3-cent decrease from the previous day. Analysts attributed the decline to profit-taking, with Sterling Smith, vice president of FuturesOne, stating that the market was
