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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…

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…

Fido home alone

Since the last edition, nickel prices have hardly changed, perhaps just having a slight tendency on the downside. The low for nickel on the London Metal Exchange (LME) of USD 15,900.00/mt at the end of November 2023 was indeed tested once more, but so far without success. At the moment nickel is trading around…

Euphoria, panic, fear and greed – avoid all four

With an unclear outlook of further economic developments in Europe, the USA and also Asia, and with corresponding negative reports also in the background, the consolidation phase in nickel continues for the time being. The previous relative low at the end of November was USD 15,840/mt, the lowest level since…

In search of the black mass

It is not surprising that in this year metals do not belong to the best performers among the various types of investment and commodity classes. In particular, the important industry and battery metal nickel did not escape unscathed in 2023. At the beginning of the year, nickel was still being traded at USD 30,000/mt on the London Metal Exchange (LME), but now the price is…

And the green steel grew all around, all around

Even if it is generally repeatedly said that the nickel contract on the London Metal Exchange (LME) does not reflect market conditions, from our point of view, price development and level are currently in line with the fundamental situation and…