RECENT Industry RESEARCH
All base metals except copper rose on the LME (London Metal Exchange) on February 8. Copper fell 0.42% and closed the day at $4,610.5 per metric ton.
Coal took center stage as a major source of energy during the Industrial Revolution, as it provided a cheap source of energy to power steam engines and factory furnaces.
Base metals continued to rise. They traded at higher price levels. On February 4, 2016, all of the base metals rose in the LME (London Metal Exchange).
All base metals except zinc and lead fell on the London Metal Exchange on February 2, 2016. Aluminum had the biggest fall of all base metals on the day.
Base metals showed mixed performance on February 1. On Monday, copper, nickel, and tin fell on the London Metal Exchange, while other metals gained.
In the week ended January 30, 2016, with the exception of nickel, the base metals moved to higher price levels. Base metal miners Rio Tinto, BHP Billiton, Alcoa, and Freeport-McMoRan gained 3.7%, 2%, 6.11%, and 16.75%, respectively, in the last week.
On January 29, 2016, base metals on the LME gained. Base metal miners Freeport-McMoRan, Alcoa, and BHP Billiton gained by 4%, 4.1%, and 0.55%, respectively.
Oil is one of the most important and most frequently traded commodities, and offshore drilling is an integral part of the oil industry.
Base metals broke the rising streak and fell on January 28, 2016. All of the base metals, except for lead, fell to lower price levels.
Base metals continued to rise. They traded at higher price levels. On January 27, except for nickel, all of the base metals gained in the London Metal Exchange.
On January 26, 2016, base metals trading on the LME (London Metal Exchange) surged to high price levels. Zinc was the biggest gainer.
The fourth quarter earnings season for banks kicked off on January 14, 2016. All major banks have reported better-than-expected earnings.
On January 25, 2016, all base metals except zinc in the LME (London Metal Exchange) declined. Nickel was the biggest loser with a decline of 1.7%. Zinc rose 0.33%.
All base metals gained in the week ending January 23. Base metal miners Glencore, BHP Billiton, and Rio Tinto gained by 7.7%, 6.4%, and 0.64%, respectively.
Copper, zinc, and tin rose while other base metals fell in the London Metal Exchange on Friday, January 22, 2016.
After a disappointing day, base metals recovered on Thursday, January 21, 2016. Nickel was the biggest gainer of the base metals on the day.
On January 20, corn futures on the CBOT for March delivery increased by 0.27%, settling at $3.68 per bushel in the wake high domestic corn demand.
The base metals in the London Metal Exchange started this week on a positive note and rose for the first two trading sessions, but fell on January 20.
Corn futures on the CBOT, for March expiry, rose by 1.2% on January 19, 2016. Corn prices advanced due to lower sowing projections for 2016.
Sugar No. 11 futures contract on the Intercontinental Exchange, for March delivery, rose by 0.27% and settled at $14.9 per pound on January 15, 2016.