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Year in Review 2023 and Outlook for 2024

Year in Review 2023 and Outlook for 2024

January 04, 2024
The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually erupt, cooling economic activity saw the prices of the rest of the metals range from near flat to heavily down. This year was also the first where the distortions to supply chains from the global health crisis finally subsided, and the 2022 price spikes for many metals continued to reverse, which was the case for the weakest performers, including cobalt, nickel, and lithium.
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Recent News

Gold stocks up on rise in metals and equities

October 14, 2024 / www.canadianminingreport.com

Gold stocks decline on flat metal and mixed equities

October 07, 2024 / www.canadianminingreport.com

Copper price expected to range from flat to slight gain in 2025

October 07, 2024 / www.canadianminingreport.com

China's gold holdings to central bank reserves still low

September 30, 2024 / www.canadianminingreport.com
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Weekly Roundup

Copper Outlook Still Mixed

October 07, 2024

The China Factor

September 30, 2024

Gold Stocks Pull Ahead of Tech

September 09, 2024
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Platinum graph image
Platinum
992.36
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Palladium graph image
Palladium
1100
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