Strong China demand for many commodities
LAUNCESTON, Australia, Mar 15 (Reuters): The tug-of-war between fundamentals and sentiment appears to be getting stronger for many commodities as the market tries to reconcile factors such as robust demand numbers from China and increasingly worrying rhetoric and actions from the United States.Iron ore, steel and copper all performed well...
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Global oil need likely to pick up this year
LONDON, Mar 15 (Reuters): Global oil demand is expected to pick up this year but supply is growing at a faster pace, leading to a rise in inventories in the first quarter of 2018, the International Energy Agency (IEA) said on Thursday.The IEA raised its forecast for oil demand this...
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Gold prices steady near one-week high
LONDON, Mar 15 (Reuters): Gold prices on Thursday were steady near a one-week high hit in the previous session amid political tensions between Britain and Russia, and renewed worries about a global trade war. Spot gold was nearly flat at $1,325.06 per ounce at 0741 GMT, while U.S. gold futures...
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Aluminium hits three-month low
LONDON, Mar 15 (Reuters): Aluminium slid to a three-month low on Thursday, hurt by a rise in stocks, the prospect of looming U.S. import tariffs, and expectations that supply from China will rise as its winter pollution controls expire.As well as their direct effect on aluminium, which may see a...
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