Base Metals and Minerals

The Saudis are now talking the talk yet again on production cuts, sending oil up 4%. Dow up 117. (Accessible only for subscribers before 10:15 AEST)

Record Saudi production led to a 3% drop in the oil price last night and some mild pressure on Wall Street. Dow down 37. (Accessible only for subscribers before 10:15 AEST)

While the prices of many base metal are pushing higher, aluminium remains in the doldrums and ANZ analysts suggest a large surplus is looming.

It was another summer-dull session on Wall Street last night, but still there seems no interest in the downside. Dow up 3. (Accessible only for subscribers before 10:15 AEST)

Wall Street fell back into the doldrums last night following Friday night’s jobs-based rally. Dow down 14. (Accessible only for subscribers before 10:15 AEST)

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Wall Street closed flat ahead of tonight’s jobs report despite a substantial stimulus package from the Bank of England. Dow down 2. (Accessible only for subscribers before 10:15 AEST)

Rio Tinto delivered a first half result which was broadly in line, retaining a strict discipline on costs and a value-over-volume strategy.

Wall Street’s pullback proved to be a blip as the indices returned to quiet mode ahead of Friday’s jobs report. Dow up 41. (Accessible only for subscribers before 10:15 AEST)

Hallgarten & Co considers Alkane Resources a survivor of the specialty metals race, with its Tomingley gold mine providing the means to remain in contention.