supplyanddemand
Demand for lithium is expected to grow in the next 10 years as electric vehicle proliferation continues and the energy storage sector expands. While experts are optimistic about the market’s medium- and long-term fundamentals, the current market oversupply and weak EV sales have weighed on prices over the last year. Although prices have remained subdued through 2023 into 2024, investor interest in the battery metal market has grown, which was evident at Fastmarkets’ 2024 Lithium Supply and Battery Raw Materials conference. The four-day event saw record attendance, with more than 1,100 attendan...
Investing News Network
Speaking to the Investing News Network, Chen Lin of Lin Asset Management shared his outlook for silver, explaining that the white metal could move quickly to the US$50 per ounce level once market participants realize how large the divide between supply and demand really is. When asked about the most important drivers for silver right now, he pointed to the solar industry, noting that two to three years ago it was consuming 100 million ounces of silver; that amount rose to 200 million ounces last year. This year, the Silver Institute is projecting a further 40 million ounces of solar demand, bu...
Investing News Network
China's State Council has reportedly rolled out a new set of regulations aimed at strengthening control over the country's rare earths resources and securing its local supply chain. According to a June 29 Reuters article, the regulations, which are set to take effect on October 1, introduce stringent oversight on the mining, smelting and trading of rare earth elements. These 17 minerals are key for high-tech applications, including electric vehicle magnets and consumer electronics. China's new rules assert that rare earths resources are owned by the state, which will strictly supervise the ind...
Investing News Network
After a record-setting first quarter, the gold price started 2024's second quarter with strong momentum, breaking through US$2,400 per ounce in the middle of April and setting new all-time highs. At the beginning of April, gold was at US$2,250, finding support from investors betting on a June interest rate cut from the US Federal Reserve, as well as strong central bank buying. The precious metal found further support in May as geopolitical and sovereign debt concerns weighed on investors in China and the Middle East. On May 20, gold hit US$2,450.05, its highest price ever. Read on for more on ...
Investing News Network
The US Department of Energy (DOE) said it plans to invest up to US$2.7 billion to strengthen the domestic nuclear fuel supply chain as part of President Joe Biden's Investing in America agenda. In a request for proposals issued on June 27, the DOE said it is looking to buy low-enriched uranium (LEU) from domestic sources in order to enhance national energy security and create new jobs in the nuclear industry. The DOE also wants to stimulate the development of uranium enrichment capacity in the US, and believes that this initiative will promote the safe and responsible buildout of facilities de...
Investing News Network
Central bank gold purchases have been an important story for the precious metal over the last several years, providing critical support as the gold price has soared to record levels. The World Gold Council (WGC) released its latest survey on central bank gold reserves on Tuesday (June 18), indicating that 29 percent of central banks intend to increase their gold holdings over the next year. The survey was conducted this year between February 19 and April 30, and includes responses from 70 central banks. This year, the main reason for central banks to hold gold is as a long-term store of value ...
Investing News Network
The International Energy Agency (IEA) is forecasting a significant surplus in the global oil market in the coming years, saying the imbalance will be driven by slowing demand growth and a surge in supply. The IEA’s recently published Oil 2024 report outlines a future where the oil sector will be comfortably supplied through 2030, although energy security will remain a crucial concern due to transformative forces within the sector. The report points to a slowdown in global oil demand growth as the green energy transition progresses. Even with robust demand from fast-growing Asian economies and ...
Investing News Network
China and Pakistan have agreed to strengthen their mining and energy cooperation, deepening their economic partnership under the China-Pakistan Economic Corridor (CPEC), part of China's Belt and Road Initiative. Reuters states that the announcement was made during Pakistani Prime Minister Shehbaz Sharif's recent visit to Beijing, where he sought to bolster bilateral ties and economic collaboration between the two nations. A joint statement emphasizes the nations' commitment to enhancing mining cooperation and implementing a comprehensive pact aimed at advancing mine development and industrial ...
Investing News Network
The gold price made moves in 2023 on the back of strong central bank buying and a tense geopolitical situation. With those factors still in play, the yellow metal has soared to record highs in 2024. Against that backdrop, independent precious metals consultancy Metals Focus forecasts that gold will average US$2,250 per ounce in 2024, up 16 percent from last year and a new record for the precious metal. Its annual Gold Focus report, released on June 6, explains what factors the firm believes are driving gold at the moment and outlines what investors should watch moving into the second half of t...
Investing News Network
Gold has long held the interest of investors looking for portfolio diversification, collectors on the hunt for rare pieces and fashionable people searching for accessories to complement their style. But outside of its financial and retail applications, gold has important uses elsewhere. According to the World Gold Council, of the 4,898.8 metric tons (MT) of gold produced in 2023, 12 percent, which works out to 297.8 MT, was consumed by the technology sector. Of that amount, 241.3 MT went toward electronics, while 47.1 MT was used in other industrial markets and 9.5 MT was allocated to dentistr...
Investing News Network
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら