Download PDF Introduction Global economies faced a lot of growth pressure in the last two years arising from rising interest rates, increased inflation, geo-political tensions, and a slowdown in the Chinese property market. Some of these issues are likely to remain a key theme throughout the year. The monetary cycle Read more…
Download PDF Introduction The potential $23bn hostile takeover of Teck Resources (NYSE: TECK) by the commodities behemoth, Glencore (LON: GLEN), would mark a significant moment in the industry. The Canadian family-controlled company has long been a prized asset eyed by the biggest industry players; however, its organisational structure was thought Read more…
Download PDF Introduction Industrial metals were in the news in the past few weeks because of the remarkable surge in prices. Copper has received most of the attention, with its spot price topping 10,000$/metric ton on April 29, close to the all-time high of 10,190$/metric ton reached in February 2011. Read more…
Download as PDF With the equity markets being arguably reluctant to consider the potential threats to global growth stemming from the Corona virus outbreak (COVID-19), the commodities market experienced quite large price movements over the past month. While we clearly acknowledge that commodity prices are more directly affected by an Read more…
United States The S&P 500 closed the week at $2,399.29, a record high and up 0.63% when compared with the close of the previous week. During the week several important announcements have been released; first of all the Federal Reserve decided to leave interest rate unchanged at 0.75%-1.00% following the Read more…
United States On the week ended February 17, 2017, US stocks closed at record highs as investor sentiment remains positive given the possibility of changes to US corporate tax structure, as well as the likely loosening of regulations. The Dow Jones Industrial Average increased by 1.4% to 20,624, while the Read more…
Lately, prices of Copper have fallen below 50% of their peak price of 2011. Reasons are different, we will try to analyze the price-equilibrium motivations and then, look into some correlations of the red metal. As always, the variation in price is primarily driven by the relationship between supply and Read more…
Commodities rout is one of the key themes that have characterised 2015. Further to oil and gold (which we covered last week https://bsic.it/future-gold-full-hedge-role-risk/), several basic resources, like industrial metals, have been suffering for months, but they may be affected by slightly different factors than the former. Through this article, we Read more…
When someone thinks about the mining industry, there is one name that comes to mind: Glencore (GLEN.L). The Anglo-Swiss company was founded in 1974 as Marc Rich + Co AG, before being renamed Glencore International in a management buyout. The company is specialised in producing, refinement and trading of a Read more…