Indonesia’s minister of energy and mineral said will make several changes to ore export bans

Indonesia specifies energy minister, said the country has make several changes to the proposed controversial of 2014 ban on ore exports .

Recently,Aluminum futures fell 1.1% to $1864.50 per ton.The United States and its Allies on Wednesday is still planning to launch a military to strike Syria.Britain will be submitted to the UN security council resolution, condemning the Syrian chemical weapons the regime’s attacks and demanded that the security council authorized the measures to protect Syrian civilians “. Vice President Joe biden said Tuesday that Syria’s bashar al-assad government will no doubt be responsible for the use of chemical weapons in Syria recently.

Julian Jessop,the Capital Economics global chief economist said: “the United States may strike Syria to concern the global market, especially in the oil price rise again,” the oil price hit a six-month high on Wednesday, because of fears about a possible military strike Syria west will be Saudi Arabia and Iran are also in conflict, the world’s oil supply disruptions.

The rise in oil prices or stem global consumer spending hit the fund demand.U.S. existing home sales fell more than expected also adds to the downward pressure on prices.
National association of realtors (NAR) announced on Wednesday that the United States on July from the previous month pending home sales index fell 1.3%, to 109.5, the economists forecast of 1% lower. The U.S. pending home sales rose 6.7% in July.

China’s national bureau of statistics said on Monday that the economy is showing signs of stabilising, helped by rebound, policy support and global demand.AME Group analyst Matthew Fusarelli said the global economic conditions improve for the copper prices rose more than 10% over the past two months, but most of the news has been priced into the market.


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