Commodities Correspondent
Pratima's Feed
Mar 22, 2011

Japan market recovery helps shares bounce back

LONDON, March 22 (Reuters) – World stocks put in solid gains
on Tuesday as concerns eased about the impact of Japan’s triple
disaster on world growth prospects and traders in Tokyo returned
from a national holiday to recoup some of last week’s losses.

Buyers expecting the economy will also ride out continuing
unrest in the Middle East emerged to tap cheap valuations, while
the euro rose to its highest in four and a half months against
the dollar.

Mar 17, 2011

Physical and ETF demand sustain gold

LONDON (Reuters) – Gold rose on Thursday, sustained by a rise in ETF holdings, stronger physical demand and a weaker dollar, but investor selling to cover losses in other markets limited gains.

Platinum and palladium fell as the market fretted about a loss of demand due to car plant closures in Japan after the earthquake. Platinum and palladium tumbled to 3-1/2 month lows of $1,654 and $684.50 an ounce respectively.

Mar 14, 2011

Spot uranium seen sliding, recovering in long term

LONDON, March 14 (Reuters) – Spot uranium prices are
expected to slide as speculators cash out and confidence in
nuclear power is shaken in the wake of an earthquake in Japan
that has left it struggling to avert a nuclear meltdown.

The longer-term outlook for uranium may be less negative,
however, since many countries such as China are expected to
press ahead with nuclear energy as a carbon-free alternative to
meet commitments about global warming.

Mar 11, 2011

Gold slips alongside oil, Japan quake supports

LONDON (Reuters) – Gold slipped alongside oil on Friday but was supported after a major earthquake struck Japan and investors fretted about unrest in the Middle East.

It is on track for its biggest weekly decline since early January, down about $30 since hitting a lifetime high of $1,444.40 a troy ounce on Monday.

Mar 9, 2011

Commodity trader Glencore aims for May IPO: source

LONDON (Reuters) – Glencore GLEN.UL, the world’s largest commodity trader, is aiming for an initial public offering (IPO) in May, a source close to the situation said.

There has been speculation that Glencore could try to squeeze out an IPO before Easter, which falls toward the end of April, although sources familiar with the situation have said no decision on whether to go ahead has yet been taken.

Mar 7, 2011

Warehousing firm C. Steinweg plans to stay independent

LONDON, March 7 (Reuters) – Rotterdam-based warehousing firm
C. Steinweg is planning to stay independent and is not
negotiating to sell itself or parts of its business, a source at
the company said on Monday.

News that Glencore, the world’s largest commodity trader,
wants to boost its presence in warehousing by combining its
recently acquired Pacorini unit with an outside partner has
increased speculation that the target would be Steinweg.
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Mar 7, 2011

Would Glencore IPO herald end of commodity boom?

LONDON (Reuters) – Investors have a good reason to question whether Glencore’s prospective share listing heralds the end of the commodity bull run.

The reputation of the world’s biggest commodities trader for having a sharp sense of timing and of where markets are heading, fed by a global web of on-the-ground intelligence, is making investors uneasy about future returns.

Mar 7, 2011

Analysis: Would Glencore IPO herald end of commodity boom?

LONDON (Reuters) – Investors have a good reason to question whether Glencore’s prospective share listing heralds the end of the commodity bull run.

The reputation of the world’s biggest commodities trader for having a sharp sense of timing and of where markets are heading, fed by a global web of on-the-ground intelligence, is making investors uneasy about future returns.

Feb 15, 2011

Camera material germanium dioxide hits 2-yr high

LONDON, Feb 15 (Reuters) – Spot prices of germanium dioxide
jumped to their highest levels in Europe in more than two years
this month as supplies of the material from China fell short of
demand, traders said.

Germanium dioxide GERM-DIOX-LON, used in speciality glass
for wide-angle camera lenses, has jumped to around $950 a kg,
the highest since early November 2008. Later that same month,
prices plummeted as consumers feared the financial crisis would
lead to a drop-off in demand and slashed their stocks.

Feb 15, 2011

Analysis – China the wild card for commodity prices

LONDON (Reuters) – A strengthening global economy and growth in demand are likely to keep commodity prices high in coming months, but there is a risk China could slam on the monetary brakes and trigger a reversal.

Low inventories make copper and corn favourite bets for investors this year as long as prices stay strong.