Commodities Correspondent
Pratima's Feed
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.

Feb 15, 2011

Spot ferrochrome in Europe hits highest since Nov 2008

LONDON, Feb 15 (Reuters) – Benchmark ferrochrome prices on
the European spot market have jumped to their highest in more
than two years on strong demand for the material valued for its
anti-corrosive properties.

High carbon ferrochrome FECRO-HC-RU is trading at around
$1.35 a lb this month from last month’s $1.20 a lb.

Feb 4, 2011

Buy or sell – Mileage for investors in tin?

LONDON (Reuters) – Tin prices have hit record highs on worries about short supplies from the top world exporter Indonesia, where rain has hampered production.

Prices of the metal — used for soldering and in electronic equipment — on the London Metal Exchange hit an all-time high of $30,920 a tonne on Thursday, a gain of about 15 percent so far this year after a surge of 58 percent last year.

Feb 2, 2011

Copper surges close to $10,000 as investors pile in

LONDON (Reuters) – Copper surged to record highs on Wednesday to within a whisker of the key $10,000 level as investors scrambled to buy on worries of supply shortages and market deficits.

A key gauge of economic growth, copper has gained more than 60 percent since last June when markets tumbled, fearing sovereign default in euro zone countries such as Greece.