Australia Expects Higher Iron Ore Exports, Raises Price Forecast
Bloomberg reported that Australia, which is the biggest iron ore exporter in the world, said it expects the value of exports to reach A$205B in fiscal year ending June 30, 2014.Continue reading...
View ArticleBetter Times Coming for Nickel, Says Deutsche Bank
Platts reported that nickel, which is down 13.6 percent year to date and is currently the worst-performing base metal, may fare better in the fourth quarter of 2013 and into 2014, according to Deutsche...
View ArticleDeutsche Bank Reduces 2014, 2015 Nickel Forecasts
The Economic Times reported that Deutsche Bank AG (NYSE:DB) has reduced its 2014 nickel forecast to $15,000 per tonne, an 11-percent decrease from its previous estimate. The firm also lowered its 2015...
View ArticleDeutsche Bank Pulls Out of Gold, Silver Price-fixing Group
Reuters reported that on Friday, Deutsche Bank AG (NYSE:DB) said it is leaving the group of banks that sets benchmarks for gold and silver prices.Continue reading...
View ArticleAsian Bank Could Take Deutsche Bank’s Price-fixing Seat
Reuters reported that Deutsche Bank AG (NYSE:DB) is in the early stages of talks to sell its place in the gold and silver price-setting process. Deutsche Bank has held the position since 2004, but...
View ArticleVale May Buy Anglo American’s Brazilian Nickel Unit: Deutsche Bank
Bloomberg reported that according to Deutsche Bank AG (NYSE:DB), Anglo American plc (LSE:AAL) may sell its Brazilian nickel unit to Vale SA (NYSE:VALE).Continue reading...
View ArticleLondon Silver Fix to Close August 14, 2014
The London Silver Market Fixing Ltd. announced that it will stop administering the London silver fix at the end of the day on August 14, 2014. Until then, Deutsche Bank AG (NYSE:DB), HSBC Bank USA NA...
View ArticleThe Silver Fix is Dead, Long Live — What Exactly?
The London silver fix will cease to exist at the end of the day on August 14, 2014. Now investors are wondering what — if anything — will replace it.Continue reading...
View ArticleDeutsche Bank, HSBC, Bank of Nova Scotia Accused of Silver Price Manipulation
Bloomberg Businessweek reported over the weekend that Deutsche Bank AG (NYSE:DB), HSBC Holdings plc (NYSE:HSBC) and the Bank of Nova Scotia (TSX:BNS) have been accused in a lawsuit of rigging the...
View ArticleLegal Action Brings Silver Down to $17.07 an Ounce
News regarding a price-fixing lawsuit in the silver industry has led to a decline in price for the precious metal.Continue reading...
View ArticleDeutsche Bank Abandons Physical Precious Metals Trading
Bloomberg reported that Deutsche Bank AG (NYSE:DB) will no longer engage in physical precious metals trading. The firm is scaling back its securities unit in an effort to improve returns.Continue...
View ArticleKazakh Uranium Company Gets $450 Million Loan for Eurobond
Kazatomprom, Kazakhstan's state nuclear company, has signed a $450 million credit facility with foreign banks to help refinance its Eurobonds.Continue reading...
View Article10 Banks Hit in US Probe on Precious Metals Price Manipulation
Prosecutors from the Department of Justice's antitrust division are looking at the London price-setting processes for gold, silver, platinum and palladium, while the CFTC has opened a civil...
View ArticleSilver the Top-performing Precious Metal for Q1
Q1 was fairly bumpy for silver, which reached a low of $15.47 per ounce and a high of $18.31 for the quarter. It might thus surprise investors to learn that overall the white metal saw the biggest gain...
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