Base metals, known for their abundant availability and affordability, play a significant role in various industries. Unlike precious metals such as gold and silver, base metals are easier to mine and are traded extensively on exchanges like the London Metal Exchange (LME) and the Multi Commodity Exchange (MCX). Some of the most commonly traded base … Read more
By Yvonne Yue Li and Marvin G. Perez For all the talk of a commodities boom, some markets have now wiped out gains for the year and several more are close to doing so. Soybean futures have erased their 2021 advance, sliding more than 20 per cent from an eight-year high reached in May, while … Read more
British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, several banks had cut off the commodity trading business of Gupta’s Liberty House Group. Four banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what … Read more
According to Chandan Taparia, technical analyst at Motilal Oswal Financial Services, the major trend of the stock is positive as it has been making higher top-higher bottom along with buying interest in the entire metal space. Synopsis Shares have rallied 72% in the last one month and 166% in the last three months to close … Read more