Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Copper will play a pivotal role in the energy transition. Aluminium may be an abundant and cheap competitor for electrification applications, but carbon footprint issues for primary metal may give copper the edge. Ultimately that poin...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Over 650 GW of new onshore and 130 GW of new offshore wind capacity will be installed between 2018 and 2028. This will consume in excess of 5.5Mt of copper, according to a recent analysis by Wood Mackenzie.Henry Salisbury, Wood Macken...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.We enter 2021 with many mined commodity prices riding high after recovering from a dramatic pandemic-induced slump in H1 2020. But far from marking a new atmosphere of positivity, the new year brings new questions. How will Chinese po...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.As the first wave of the coronavirus pandemic began to bite, many observers confidently predicted that the end was nigh for global economic activity. Governments around the world closed their economies as the only tool available to li...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The U.S has increased tariffs on $200bn of Chinese goods to 25%, from 10%, impacting a number of metals. Commentary below comes from the Wood Mackenzie metals team:Copper By Wood Mackenzie Senior Consultant, Yanting Zhou"Previous...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The outbreak of coronavirus, the oil price crash and the impending global recession present an enormous challenge for energy and natural resources. How are you keeping up with the spread of Covid-19 and its impact on your sector?We&rs...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The most important driver of the zinc market in 2020 will be the performance of the world’s zinc smelting industry, according to Wood Mackenzie.The easing of trade tensions between the US and China, the struggling manufacturing...Read More
Domestic prices for hot-rolled coil in Northern Europe increased day on day on Tuesday March 23, supported by strong demand combined with tight supply, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?808.33 ($962.95) per tonne on Tuesday March 23, up by ?,?10.33 per tonne from ?,?798.00 per tonne on March 22.The index was...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Wood Mackenzie’s latest outlook report shows that the art of balancing oil markets and the refining sector in 2021 hinges upon three key themes – OPEC+ production, Covid-19 developments, and the energy transition.Following...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.On Friday 15th February 2019, Vale announced there was a fire affecting a conveyor belt system at its distribution centre in Malaysia. Vale anticipate this will result in a 10 to 15 day halt in operations and note that a planned 10 da...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Genscape is now part of Wood Mackenzie. As we combine their commodity intelligence and proprietary short-term data sets with Wood Mackenzie’s world-class long-term analysis, we will be able to offer you unparalleled depth and br...Read More
All base-metals futures prices on the London Metal Exchange except for tin were down on the afternoon of Tuesday March 23, with the US Dollar Index at its highest in two weeks and some metals-related news pushing down prices - aluminium, in particular.Aluminium's price fell by the most in the complex on Tuesday, by 2.3% to $2,219 per tonne. This followed news that the Chinese government could rele...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The New York Harbor Product Storage report is the first of its kind and relies on the same highly calibrated infrared camera, aerial diagnostic and proprietary technologies we use to measure and deliver our industry standard Cush...Read More
(IDEX Online) - A necklace featuring 120 carats of rare Golconda diamonds mined over 200 years ago is on the market, priced at $1.366m.It was originally made for a royal family in India in the 1900s, according to sellers Lotus Arts de Vivre, in Bangkok, Thailand.They are also offering for sale a number of other Golconda pieces, priced between $32,000 and $315,000.The famed Golconda mines operated...Read More
A summary of Belgian antimony chemicals producer and lead recycler Campine's financial results for the full-year 2020, as stated in its earnings report published on Tuesday March 23.In brief Campine's earnings before interest, taxes, depreciation and amortization (Ebitda) totaled nearly ?,?7.18 million ($8.55 million), down by 23.48% from ?,?9.38 million in 2019. Revenue totaled ?,?166.9...Read More
Aluminium consumers are stepping up demand for products that allow them to reduce their carbon footprint via metal produced using low emissions, the chief commercial officer of Alcoa Corp said. Tim Reyes, who is also executive vice president of the United States-based producer, said that the company's recent deal to supply a combination of low- and zero-carbon aluminium to produce the wheels on Au...Read More
China's bullish aluminium market sentiment was dampened amid rumors that the State Reserve Bureau (SRB) would dump its aluminium reserves to cool down an over-heated market, Fastmarkets learned on Tuesday March 23.SRB is rumored to be releasing 300,000-500,000 tonnes of aluminium stocks to the market soon, sources said.Shanghai Futures Exchange aluminium's front month contract touched its lowest a...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationWhile copper swept to near record highs early in 2021, Liberum noted the same has also been true for other metals, such as PGMs and iron ore - as the easing of lockdowns and roll-out of vaccinesRead More
Alcoa Corp is supplying low- and zero-carbon aluminium for the wheels on carmaker Audi's e-tron GT, which will make it the first vehicle to use metal from its Elysis joint venture.The wheels are being manufactured by Ronal Group using a combination of Alcoa's low-carbon aluminium, EcoLum, and metal produced using the Elysis zero-carbon emissions smelting technology. Elysis - a joint venture betwee...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipKodiak Copper: A New Copper-Gold Discovery in CanadaSPONSOREDkodiak copperRex ready to rollSPONSOREDrex mineralsAltar is defined by three distinct deposits: Altar Central, Altar East and QDM Gold.Altar Central and Altar East are constrained using a single openpit and therefore...Read More