High Alumina Prices Underline Surprise Strength In Bulk Commodities

Investors rarely get excited about alumina, the material made from bauxite which eventually emerges as aluminum, but any commodity which more than doubles in price inside two-years is sure to have its fans even if the outlook is for a substantial price correction next year.Demand for alumina, which is

Commodity outlook: Oil may find it hard to cross Rs 5310 on MCX

Gold and silver fell slightly early on Wednesday as investors were guarded ahead of the US Fed's policy decision. As for oil, the commodity may face resistance near Rs 5,310 on MCX. The Federal Reserve is expected to raise interest rates for the third time this year today after

Blockchain could improve transparency in Africa's commodity market

Corruption, mismanagement and opaque business practices have for decades defined Africa’s commodity markets.A Chinese billionaire says deploying new technologies might be the solution that could help African nations trade their minerals and natural resources more efficiently and profitably. Bruno Wu, chairman and co-CEO of technology company Ideanomics (formerly Seven Stars

Commodity stocks and Next rally support European shares

MILAN (Reuters) - European shares were supported in early trading on Tuesday by gains among commodity stocks, while British clothing retailer Next <NXT.L> rallied after raising its profit guidance.The pan-European STOXX 600 <.STOXX> rose 0.1 percent by 0720 GMT, recovering part of the losses suffered in the previous session

Commodities Trading Firm to Pay $1.5 Million Penalty for Spoofing

| Share | Share | Share | Share A Chicago commodities trading firm has agreed to pay a $1.5 million penalty to settle charges that it engaged in "spoofing" -- creating and instantly canceling fake orders to induce favorable transactions. The Commodity Futures Trading Commission issued a settlement order Thursday