Hard Commodity

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Hard Commodity

A commodity that is mined or obtained from some other non-agricultural source. Hard commodities include gold, oil and diamonds. See also: Soft commodity.
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Along with Ganesh the Enuit London office already has 5 employees with an intent to grow the business through the Entrade solution which is a fully loaded solution that covers the requirements for all major commodity types including LNG and NGL's, Crude Oil, Crude Cargo and refined products, hard commodities including metal concentrates and mining as well as precious and base metals and natural gas and power.
Hard commodities, such as oil or gold, are natural resources that are mined or extracted.
"On the commodities front, we believe that the miniboom in many hard commodities in early 2017 was overblown, but that prices will not fall back as far as their recent lows," said Alex Griffiths, group credit officer of global corporates, Credit Policy Group, with Fitch Ratings, and Simon Kennedy, senior analyst with Fitch Wire.
* Hard Commodities: are those which are generally mined like gold, crude oil, copper, silver etc.
He was appointed an Executive Director and Head of Hard Commodities in 2012, prior to which he had been Head of Energy Coal and Carbon Complex.
Other nations like Indonesia and Malaysia (net exporters of both hard commodities and oil) as well as Thailand, Taiwan and South Korea (which export goods and services to China) have felt the sting of depressed global prices, although most of their governments have remained fiscally prudent, De Mello said, with their central banks running a very cautious line to keep economies safe.
We recognize concerns about the pace of growth of the world economy and its impact on falling prices of some hard commodities such as crude oil."
This follows significant pressures in the sector to reduce costs, as the price of hard commodities such as iron and copper continue to fall.
There are at least three other ways in which China's rebalancing affects the world: First, China's disproportionate demand for hard commodities, five to ten times its GDP share compared to the rest of the world, is a consequence of the country's excessive reliance on investment to generate growth.
The establishment of the Hard Commodities team in Mercuria will bring together trading and risk management activities across Thermal Coal, Coking Coal & Coke, Iron Ore and Steel.
Assets seen as safer such as German government bonds and the dollar recovered from lows, while stocks, the euro and hard commodities pared gains.
Prices for hard commodities held up, lending support to Russian equities (Brent slipped by insignificant 0.3% w-o-w and the MICEX Index added 0.8%, but the RTS Index lost 1.3% as the ruble dropped by 2.4% against the dollar).