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Oryx Commodity News

April April – it does what it wants

The copper price on the London Metal Exchange (LME) moves in spheres which have not been seen in almost a decade. The aluminium future is also on a high level. The increasing recovery in the global economy during the continuing pandemic will certainly play a role, but the speculative interest…

Goldilocks beats well tanned

After a rather subdued start for nickel on the London Metal Exchange (LME) at the beginning of the year, since the middle of February a general upwards trend has been evident. However, this has not been exactly linear, as it has also been characterised at times by considerable…

Old Wise (White) Men

Nickel quotations at the London Metal Exchange (LME) have recovered comparatively well – prices have risen by around 16% and, alongside tin and copper, nickel has been one of the “best” performers of the year so far. At the end of April the 3 months price for the nickel future was quoted at USD 19,330.00/mt, the highest rate since…

Now or never: Powell should put things right

The determining parameters of the nickel market in London have not really changed in the last few weeks. It remains a back and forth, or to express this better: an up and down. Above all, most influential is each new economic data…

Lip service

Transaction volumes on the nickel market of the London Metal Exchange (LME) are rising – an expression of a gradual return in confidence in the only available nickel price reference world-wide that is still widely accepted. It would appear that the wounds caused by the market turmoil of…

Zombies have to disappear

The futures market for nickel on the London Metal Exchange (LME) is still not really getting back on its feet. And this is not really due to a continued poor state of affairs following the turmoil of March 2022. On the contrary, the LME could make…