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Plunging metals prices expected to rebound in H2 – report

Henry Lazenby | May 6, 2022 Fitch expects relatively persistently high metals prices should help cushion the credit effects of cost inflation and generally lower production amongst senior miners. (Image courtesy of Consejo Minero.) Enduring covid-19-lockdowns in the world’s largest metal consumer, China, is negatively impacting demand from end-use industries and sentiment towards the complex, resulting in […]

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Gold’s inflation-haven appeal could mean ‘violent’ run-up ahead, says former Goldcorp execs

Bloomberg News | October 22, 2021 | 3:44 pm MarketsGold Goldcorp CEO, David Garofalo – Image from Youtube  One after another, commodities from aluminum to natural gas have surged as pandemic aftershocks rattle supply chains. Gold could be next, although for very different reasons. That’s the view of two of the biggest names in Canadian mining — the

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Copper price soars to new high as stockpiles hit 47-year low

MINING.COM Staff Writer | October 15, 2021 | 8:23 am MarketsTop CompaniesChinaEuropeCopper Inventories available on the London Metal Exchange hit the lowest since 1974. (Stock Image) Copper price hit a record high on Friday as surging power prices threaten to curb supply at a time when exchange stockpiles are at rock bottom. Copper for delivery in December

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Industrial metals blast off as energy crisis drags down supply

MINING.COM Staff Writer | October 15, 2021 | 11:40 am IntelligenceMarketsEuropeAluminumZinc Credit: Nyrstar The world’s most crucial metals continued to surge higher on Friday, with zinc recording the biggest daily gain in six years after hitting a 14-year high Wednesday and aluminum holding near a 13-year high, as energy shortages continue to disrupt the global supply chain. Producers of industrial metals

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Iron ore price collapses below $100 as China extends environment curbs

MINING.COM Staff Writer | September 17, 2021 | 9:28 am IntelligenceMarketsTop CompaniesChinaIron Ore (Stock Image) The iron ore price sank below $100 a tonne on Friday for the first time since July 2020, as China’s moves to clean up its heavy-polluting industrial sector spurred a swift and brutal collapse. The Ministry of Ecology and Environment said in

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Gold price recovers from recent selloff, supported by physical demand spike

MINING.COM Staff Writer | August 13, 2021 | 9:43 am IntelligenceMarketsUSAGold Gold standing its ground in spite of tapering whispers. Stock image. Gold extended its recovery from the recent selloff on Friday as a retreat in the US dollar enticed investors to snap up the safe haven metal. Spot gold rose 1.3% to $1,776.83 per ounce by

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120-year chart shows commodities have never been this undervalued

Frik Els | August 11, 2021 | 5:00 pm IntelligenceMarketsVideoAustraliaCanadaEuropeUSACopperGoldIron OreLithiumNickelPlatinumSilverUranium Image: Codelco via Flickr In its Q2 wrap-up, commodities investment house Goehring & Rozencwajg Associates (G&R) poses the question: Natural resources – Uninvestable assets or unprecedented opportunity? To help answer the question, the Wall Street firm put together a 120-year chart comparing commodity prices to the Dow Jones

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Gold stocks’ autumn rally (part 6)

Adam Hamilton – Zeal Intelligence | July 30, 2021 | 11:03 am IntelligenceMarketsGold Stock image. The gold miners’ stocks were whacked hard earlier this summer on a Fed-rate-hikes scare. That serious anomaly really damaged sentiment, spawning exceptionally-weak seasonal performance in this contrarian sector. But the bruised gold stocks and the metal they mine have trudged through, making

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Goldman recapitulates $5 a pound copper price by end of 2021

Frik Els | July 30, 2021 | 11:24 am IntelligenceMarketsCanadaChinaEuropeUSACopper Green copper. Image: Glencore via Instagram In a new research note, Goldman Sachs says the copper price is “poised for the next leg higher” as short term headwinds fade and fundamentals point to a significant demand boost further out. Goldman says the copper concentrate market remains very tight,

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