The Hong Kong Exchange (HKEx) has won the bidding to buy the London Metal Exchange (LME) for $2.15 billion. HKEx won the bidding process over the IntercontinentalExchange (ICE) in Atlanta and Chicago Mercantile Exchange (CME). The LME handles 80% of global metals trading – including gold, silver, copper, aluminium, and nickel – of which China is […]

Goldman Sachs has called for a 29% gain in the S&P GSCI Enhanced Commodities Index over the next 12 months. The index is heavy on industrial metals and energy. As the EuroZone debt crisis fades and the US and China recovery and their economies start to grow, Goldman Sachs predicts a 41% gain in energy […]

Lead is at a year-low currently, but poised to rise on global shortages. Demand for lead has gone up every year for the past 5 years as the metal is a crucial part of industrial batteries. Wolrdwide stockpiles dropped 7.6% since October 2011 when lead prices reaches an all-time high. Analysts estimate that prices will […]