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Commodities Briefing - Categorized | Market Moves, Trading more

Commodities bounce back—sustainable rally or just a false dawn?

Posted on 17 May 2016

An uptick in prices across a range of commodities in 2016 may have been welcomed by miners and traders, but one CEO has told CNBC that he’s not getting carried away just yet. “They always say ‘a swallow doesn’t make a summer’,” Ben Magara, the CEO of London-listed platinum miner Lonmin said.
“We have seen dollar prices improve from a low in January to where they are now so the trend is quite encouraging … we have seen that rand low price in November and it continues on that upward trend. Indeed, it’s early days a swallow doesn’t make a summer but it’s very helpful.”……………………………………….Full Article: Source


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