Tag Archives: Metals

New firm NFEx aims to challenge LME’s base metals trading

A new company, NFEx Markets, is seeking to challenge the London Metal Exchange’s (LME) dominance in industrial metals with plans to launch a trading platform in the first quarter of next year. NFEx will mimic the forward contracts of the LME, which has seen its market share eroded in recent years, in an attempt to attract physical trade,… Read More »

FTSE extends winning run as stronger metals boost mining stocks

UK shares rose on Monday, underpinned by a rally in mining stocks on the back of firmer metals prices, building on the previous session’s three-week high and on course to post its fifth straight day of gains. The blue-chip FTSE 100 index .FTSE was up 0.1 percent at 7,262.78 points by 0955 GMT. Mining stocks .FTNMX1770 gained 1.6… Read More »

Metals shine: Nifty Metal index at 7-month high

Metal shares continued to trade higher on the bourses on Wednesday, with the Nifty Metal index touching seven-month high on National Stock Exchange (NSE) today. Hindalco Industries, Bhushan Steel, Steel Authority of India (SAIL), Vedanta, Jindal Steel & Power and National Aluminium Company are trading higher over 1% each. Read more from our special coverage on “METAL” Metal… Read More »