Copper Jul 21 (HG=F)
| Pre. Settlement | N/A |
| Settlement date | 2021-07-28 |
| Open | 4.1725 |
| Bid | 4.1210 |
| Last price | 4.1780 |
| Day's range | 4.1200 - 4.2185 |
| Volume | 84,991 |
| Ask | 4.1235 |
- Bloomberg
Goldman’s Currie Says Buy Commodities Dip, Bull Case Intact
(Bloomberg) -- The latest steep selloff in commodities markets is a buying opportunity, according to Jeff Currie at Goldman Sachs Group Inc., one of the sector’s biggest bulls.The Bloomberg Commodity Spot Index slumped 3.6% Thursday for its biggest one-day drop in almost 14 months, with soybeans and platinum giving up their gains for the year. The complex has been hit by several bearish factors: the Federal Reserve’s signals on potential interest-rate increases, plus a stronger dollar, Chinese e
- Bloomberg
A Giant Copper Union Joins Push for Bigger State Role in Chile
(Bloomberg) -- As the top copper-producing nation drafts a new constitution and heads toward presidential elections, an influential mining union is pushing for a bigger state role in mining and a much larger government take.The FTC, which brings together unions at Chile’s state-owned copper producer Codelco, wants privately-run mines to pay 75% of earnings in tax and ensure that Codelco takes the lead on all new major projects, President Patricio Elgueta said in an interview. FTC directors are p
- Bloomberg
Commodities Bulls Nurse Their Wounds But Fight’s Not Over Yet
(Bloomberg) -- The commodities boom has taken a knock this month, and while there are many reasons to still bet on a so-called supercyle, it’s unlikely to be plain sailing.Vast amounts of stimulus, economies reopening from the pandemic and strong Chinese demand have driven a surge in raw-material prices this year, some to record highs. Yet they’ve slumped in the past two weeks -- with some wiping out gains for the year -- on a more hawkish U.S. monetary policy tone, China’s bid to cool inflation
