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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…

“Ignorance first, expertise second”

These days, looking at the global economic environment, good news is really thin on the ground. It feels like a microscope is needed to find any. Unfortunately bad news is there in abundance and promises challenges for the coming quarters. Therefore, at this point, we do not wish to repeat the topics which are already known from media and other sources of information, but deliberately also make a compilation of the positive aspects…

Wishing is the mother of all thinking

While in China, lockdowns and draconian measures prevail, here in the European summer restaurants are full and markedly more expensive. And it would appear in all countries, with the exception of Germany, that it is now accepted that the…

Nickel rotates, VW profits

Inflation in the Eurozone (and the USA) does not appear to be just a temporary phenomenon. The ultra-loose monetary policy, lasting now for more than a decade which has set the base for demonetisation cannot be eliminated overnight. And combating it through hesitant interest rate hikes is not really conducive to have a quick impact either. In addition, a very diverse economic area in the Eurozone makes…

Came to stay

After the turmoil in March and first attempts to start again in April, the nickel market on the London Metal Exchange (LME) is slowly coming into gear. For this author’s taste, a little too slowly. In particular, nickel is mainly heading in a southerly direction, as is the jargon on the exchange when prices are falling. This is, above all, due to two things: On the one hand…

The Golden Era versus the Golden Cream Puff

A month has now passed since the questionable events on the London Metal Exchange (LME). The LME nickel market was reopened after the temporary closure, and after some initial stutters, prices were also agreed again in Exchange trading. Since the 28th March 2022 there have been regular daily fixings which serve as a price reference for the industrial value chain. Since then, the nickel price has been quite stable, moving in a range between…

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