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Scotiabank’s Commodity Price Index Climbs to a New Record, As The Mining Boom Continues
Expansion of nuclear power pushes up both uranium and molybdenum prices
Scotiabank’s Commodity Price Index, which measures price trends in 32 of Canada’s major exports, rose to new heights in March, up 3.8 per cent month-over-month and 3.2 per cent above the previous record in December 2006. The All Items Index has advanced by 123.4 per [...]
LME nickel jumps 8 pct on strong outlook
London Metal Exchange (LME) nickel jumped almost 8 percent on Thursday on falling stocks and the outlook for strong demand and tight supply, analysts said.
Nickel touched $39,400 per tonne, only $50 below the all-time high it hit last December, before ending the kerb session at $33,500, up $1,100 from Wednesday’s close.
Stocks in exchange-registered warehouses fell [...]
