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
We are now of the opinion that there will be no rate hikes this year and there is the possibility of a rate cut.The technical indicators for gold are in the overbought zone but have now turned south as this correction plays out.The situation for the PM sector could get worse but longer term we expect this sector to outperform all others.Background I first traded gold back in 1980 and have been act...Read More
Copper's three-month price on the London Metal Exchange continued to trend lower at the close of trading on Tuesday February 12, with nickel futures also moving downward amid an increasingly negative appetite for risk across the commodity markets.Copper futures topped the complex for total volumes traded, with 13,960 lots changing hands by the close, but continue to trend lower after trading for a...Read More
Gold is on the defensive, courtesy of falling channel 'fakeout' and only a convincing move above $1,315 would restore the bullish view. 4-hour chart The falling channel breakout confirmed on Friday had signaled an end of the pullback from the recent highs above $1,325. The bulls, however, failed to capitalize on the breakout and prices fell back in the falling channel yesterday...Read More
Comex copper prices slipped on Tuesday morning in the United States amid a bout of technical selling despite a weakened dollar and solid jobs data. The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 3 cents to $2.76 per lb."The series of higher highs and lows since the start of...Read More
Seaborne iron ore prices fell across the board on Tuesday February 12 amid thin trading activity in the physical cargoes market, while low-grade iron ore was rangebound. MB 62% Fe Iron Ore Index: $87.65 per tonne cfr Qingdao, down $2.93 per tonne. MB 62% Fe Pilbara Blend Fines Index: $88.49 per tonne cfr Qingdao, down $2.93 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $89.08 per tonne cfr Qing...Read More
Global central banks have been on a money printing spree, and value investors understand exactly what that means for silver. David explains...David Morgan interviewed on Palisade RadioDavid contrasts today's market with that of the bull market of the 1970s. Back then the coinage had just separated from the silver standard to today's fiat standard. People at that time understood this would lead to...Read More
A new report by McKinsey forecasts a rapid switch from gas guzzlers to electric vehicles on the world's roads will be boosted by the plummeting costs of owning a battery powered vehicle.The consulting firm's 2019 Global Energy Perspective report foresees a two-thirds drop in the cost of EV battery packs by 2030. The tipping point at which EVs will be cheaper to own than internal combustion engine-...Read More
Osisko Metals of Montreal is pleased with the assays from six recent drill holes at the Titan zone on its wholly owned Key Anacon zinc-lead-copper project located 20 km south of the city of Bathurst.Hole KAT-18-11 intersected 10.0 metres of massive sulphides grading 6.69% zinc, 2.46% lead, 0.54% copper and 58.79 g/t silver within a wider zone of mineralization (38.0 metres grading 5.06% zinc, 1.6...Read More
The autonomous Papua New Guinea region of Bougainville has rejected controversial changes to its Mining Act, which were said to be aimed at letting a new company extract the island's riches.The modifications would have jeopardized land rights currently held by Australia's Bougainville Copper Ltd. (BCL), which used to run Panguna, one of the world's biggest open-pit copper operations, shut down by...Read More
Turkish miner Eti Elektrometalurji (Etimet) has moved into the market for ultra-low ferro-chrome and refuted that this would cap the company's output of 0.10% carbon material.The Turkish miner began production of 0.015%, 0.025% and 0.030% carbon ferro-chrome this year because of the higher profits that can be made from this material instead of more common products such as 0.10% chrome ferro-chrome...Read More
The Turkish steel mills returned to silence in the deep-sea scrap markets on Tuesday February 12 after a strong buying spree over the past two weeks.Market participants believed that scrap prices were still becoming firmer, in line with the global price trend in raw materials and tightening supplies of scrap."The offers for HMS 1&2 (80:20) are going up to $335 per tonne cfr Turkey from suppliers i...Read More
Comex copper prices slipped on Tuesday morning in the United States amid a bout of technical selling despite a weakened dollar and solid jobs data. The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 3 cents to $2.76 per lb."The series of higher highs and lows since the start of...Read More
Heavy highland rains in the Andean region prompted mining companies to temporarily halt some copper operations in northern Chile and southern Peru from Friday February 8, before resuming full capacity by Tuesday February 12.Codelco, the world's largest copper producer, had to suspend activities at its Chuquicamata and Ministro Hales divisions, the company said in a report on February 8. The impact...Read More
Fastmarkets discontinued its weekly premium assessments for special high grade (SHG) zinc basis in-warehouse Singapore and Malaysia on Tuesday February 12. The decision follows a month-long consultation period which did not receive any feedback. The decision is based on previous feedback that there is limited use for these premiums as reference prices, with the majority of market participants basi...Read More
Both copper and nickel prices on the London Metal Exchange were subdued during morning trading on Tuesday February 12, with broad strength in the dollar index capping gains while positive trade sentiment failed to spur buying momentum. Copper's three-month price fell to an intraday low of $6,109 per tonne this morning, with total volumes in the metal topping the complex at 4,751 lots traded by 9:4...Read More
Fastmarkets has today discontinued its weekly aluminium premium assessments for aluminium P1020A fob Singapore and aluminium P1020A fob Malaysia. The decision follows a month-long consultation period which did not receive any feedback.The decision is based on previous feedback that these markets see limited liquidity on an fob basis, with some sources noting that market participants in this region...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.India's renewables target of 175 GW capacity (100 GW of solar and 75 GW of wind) by 2022 is an ambitious endeavour. Even with significant cost declines, Wood Mackenzie expects about 76% of the target to be met by 2022 and this would s...Read More
Brazilian flat steel imports dropped by 27.48% year on year in January, while imports of long steel products dropped by 13.76% in the same comparison, according to figures released by the country's foreign trade ministry, MDIC.Shipments of flat steel products fell to 88,153 tonnes last month, compared with 121,552 tonnes in January 2018.Imports of flat steel from China amounted to 67,252 tonnes, u...Read More
RAPAPORT... Kering recorded robust sales in its jewelry-and-watchdivision in 2018, amid growing demand for its products in Asia.Jewelry sales rose 7% to EUR 18 billion ($20.33 billion) at the French luxury group, which owns Boucheron, Pomellato and Qeelin. Timepiece sales remained solid, it added."The jewelry houses turned in a solid performance, and sales of the watches brands advanced for t...Read More
RAPAPORT... US consumers plan to spend $20.7 billion on gifts this Valentine'sDay, with jewelry topping the list at $3.9 billion, according to the National Retail Federation (NRF). An NRF survey showed a 6%rise in the amount consumers intended to lay out on their loved ones over Valentine's Day. The growth comes despite a decrease in the number of consumerscelebrating the holiday this year, t...Read More