Commodities news covering oil, metals, agricultural products, commodity prices, and futures market developments.
Nexa Resources stock jumped to US$15.40 on Friday, driven by LME zinc prices reaching their strongest level since mid-2022 at nearly US$3,823 per metric ton. The rally reflects tightening mine supply in Peru and Bolivia amid recovering demand for galvanized steel.
Lalit Kumar Gupta, Chairman of the Cotton Corporation of India, stated that India must strive to become a price influencer in the global cotton market. He emphasized improving productivity, quality, and transparency to compete with major producers like Brazil, the US, and China.
The article reports current gold prices in India, noting increases driven by Middle East tensions and U.S.-Iran disputes. It details how geopolitical instability, including threats to the Strait of Hormuz and regional military actions, is causing fluctuations in precious metal markets and keeping global crude oil prices elevated.
Silver spot prices increased by 3.71 percent, reaching $69.57 per ounce on Friday. A weaker US dollar and strong safe-haven demand driven by slowing global growth and geopolitical uncertainty encouraged buying by non-US investors.
Jeff Currie argues that a structural commodity supercycle is beginning, driven by AI infrastructure demand and supply shortages. He contends the trade is highly asymmetric, citing valuation gaps between energy stocks and tech giants, and recommends long positions in oil, gold, and agriculture.
Gold December futures opened at $4,580 per troy ounce on Thursday, rising 0.8% from Wednesday's close. The rally followed a U.S. Treasury announcement to increase long-term bond purchases, pushing gold above $4,500 for the first time since early June. Prices have surged 13.7% in August, marking the best monthly performance since September 1999.
Copper futures declined 0.11% to settle at US$6.48 per pound on Thursday, pressured by strained mine output in Chile and uncertain factory demand from China. While the metal price dipped, shares of major producers like Southern Copper and Freeport-McMoRan rose, suggesting investor confidence in long-term structural deficits despite immediate market softness.
Morgan Stanley analysts project gold will surpass $5,000 per ounce in 2027, having already beaten their Q4 target of $4,450 faster than expected. The forecast cites central bank buying, decoupling from real yields, and Treasury buyback plans as key support factors, while warning the path to higher prices will likely be volatile.
Indian steelmakers face margin pressure and delayed expansions as coking coal prices jumped 25% in the first seven months of 2026. The surge stems from global supply disruptions, including the U.S.-Iran conflict and mining accidents in China and Australia. Since India imports 95% of its met coal, domestic producers cannot pass these higher costs to consumers due to Chinese competition.
This article reports that silver prices rose 4.63% to $65.91 per ounce on August 20, 2026, marking a 76% annual increase. It outlines key price levels and attributes market movements to inflation expectations, central bank policy, and industrial demand.