Articles

China copper demand growth to decline 50% in 2012

China's copper demand growth may shrink by 50% in 2012 on the back of a cutback in a government subsidy program. China is the largest copper consumer in the world, accounting for almost 40% of global consumption.

Buffet thrashes gold yet again

Warren Buffet's distaste for gold is well known and despite the meteoric appreciation in the value of gold, his view does not seem to have changed.

Now It is perfect time to buy gold coins: WSG

It is perfect time to buy gold coins to take advantage of unusually low gold prices, said Wholesale Gold Group (WSG).

How high and low could gold silver go in 2012?

GWilliams believes that gold trades at $2,200 an ounce and silver trades at possibly $60/oz in 2012, but they're really just stepping stones on the way to higher ground.

IEA and OPEC cuts oil demand forecast for 2012

The International Energy Agency (IEA) has cut the global oil demand growth outlook for 2012. In its new monthly report, the agency forecasts that oil consumption will increase by 800,000 barrels per day (bpd) against 1.1 million previously forecasted.

NCDEX steel long plunge may halt on positive Chinese prospects

NCDEX steel long has been on a constant downtrend after hitting a peak of around Rs 34000/tonne in early January. However, indications from China present a much better outlook over the next few months.

Gold: South Africa output falls over 8% in December 2011

South Africa's gold output declined by 8.2% YoY in December 2011, as per latest data released by Statistics South Africa (SSA). South Africa is the third largest gold producer in the world.

Chinese copper imports fall 18% in January MCX copper up 6 80% YTD

Copper imports by China declined for the month of January, as per data released by customs department. China is the world's largest consumer of copper, accounting for nearly 40% of global consumption and is therefore a key variable when deciding of copper trend.

India's industrial output rises 3 6% during April Dec 2011

India's industrial production rose 3.6% during April-December 2011, while the consumer durables dropped to 3% on monthly basis in December.

Iran using gold and oil to buy food from Europe

Iran is reportedly using gold and oil as an exchange to procure food from Europe-an increasing sign of rising international barter trades between nations.

Gold: Strong Rupee spur India Jeweller demand

The strengthening of the Indian Rupee has spurred renewed interest from Indian Jewellers, many of whom are looking to restock their gold before prices surge to new highs. The Rupee in now around 49 after hitting above 53 in Dec 2011

China imports raises world cotton trade by 1mn bales for 2011 12

Increase in import of cotton by China has raised the world cotton trade for 2011-12 by 1 million bales, according to the latest USDA WASDE report.