Aluminum producer Novelis hits pause on $945 million US IPO
Novelis had planned to sell 45 million shares for $18 to $21 each, and Hindalco would have owned about 92.5% of the company after the IPO.
Gold price up over 1% on Fed rate cut optimism
Traders are currently pricing in about a 59% chance of…
China’s unusually large copper stockpiles fuel demand concerns
Stockpiles of the metal held in Shanghai Futures Exchange warehouses…
Traders are desperate for copper deals and miners are cashing in
Recent moves by cash-flush energy traders are raising tensions and…
Iron ore price hits seven-week low on softening China steel demand, higher supply bets
Iron ore futures extended their decline to a fifth straight…
