Goldman Sachs remains bearish on the outlook for the copper price in 2014, with a target price of $6,200/mt, the investment bank said late Wednesday. "After selling off from $7,450/mt to $6,320/mt in mid-March, driven by Chinese property ...
Tags: Goldman Sachs, Copper Price
A leading Brazilian ethanol trader is forecasting an 8% rise in the average domestic price of the biofuel during the 2014-15 marketing year (April-March) as burgeoning domestic consumption is likely to more than offset tumbling export ...
Tags: Ethanol Prices, biofuel
Uzbekistan-based steel producer Uzmetkombinat has announced that in the first quarter this year it increased its crude steel output by 1.1 percent year on year to 177,000 mt, while its rolled steel production went up by 0.2 percent compared ...
Tags: Crude Steel Output, Uzmetkombinat
The Philippines' statistics office released data on March exports on Friday. Total exports Mar Feb Jan Dec Nov Oct yr/yr change (pct) 11.2 11.6 9.2 15.8 18.9 14.0 in $ bln 5.23 4.66 4.38 4.6 4.29 5.03 mth/mth change (pct) 12.2 6.3 -4.8 ...
Tags: Electrical, Electronics
Due to China's export potential to Mexico regarding the production of steel wire and the dynamics of the two markets, Mexico's Ministry of Economy (SE) has launched an investigation into the potential impact of unfair trade practices in ...
Chile exported $3.076 billion worth of copper in April, down 11% from $3.468 billion in the year-ago month, central bank data showed Wednesday. Chile is the world's largest producer of copper and is forecast to produce a record 6 million ...
Tags: Copper, copper producer
This year will likely be a year of consolidation for gold and silver prices, with the gold price possibly going as low as $1,100/oz, precious metals consultancy Metals Focus said Wednesday. "Following a poor 2013, this year's start ...
Tags: Gold Prices, Silver Prices, silver mine
US-based automotive components supplier BorgWarner Turbo Systems plans to expand its North Carolina manufacturing operations in Buncombe County. For the expansion, the company will invest about $32m over the next three years in Arden that ...
Tags: Auto Parts
The global antimicrobial coatings market is expected to reach $4,520.3 million by 2020, according to a new study by Grand View Research Inc. Growing demand for medical device coatings is expected to remain a key market driver over the next ...
GIA announced the release of a comprehensive global report on Defoamers markets. Global market for Defoamers is forecast to reach $3.9 billion by 2020, driven by resurgence in demand from end-use markets, and stringent environmental ...
Tags: Global Market, Defoamers
Indian steelmaker Essar Steel has announced that it is merging its steel processing center and distribution unit with Essar Hypermart, its retail chain for steel, in order to cut costs, expand its business reach and deliver products to ...
Tags: Essar Steel, steelmaker
Despite shutdown of nuclear power plants, Japan is not expected to raise its thermal coal imports significantly over the next five-seven years, as existing coal-fired power plants are running at high rates and new facilities are still on ...
Tags: Thermal Coal, nuclear power plants
China is expected to increase its coal-fired capacity in 2014 and 2015 to maintain power supply security, but that might not significantly boost thermal coal prices as the market is oversupplied, analysts at UBS Securities said in a ...
Tags: Coal-Fired Capacity, Thermal Coal
Farmers got 10% of the nation's corn crop planted in the last week. That's not bad considering the cool, damp conditions up to this week, but it's still well off the normal pace, according to Monday's weekly USDA-NASS Crop Progress report. ...
Tags: corn crop, Corn Planting
The emerging Internet of Things (IoT) vision is touted to result in homes, offices and cities becoming gradually interconnected. No single company owns the machine-to-machine (M2M) and the IoT concepts of course; so for this vision to ...