supplyanddemand
Palladium prices have experienced a great deal of volatility in 2024, starting the year at US$1,096 per ounce on the back of a long-term downward trend that began in 2022. Prices declined steeply through the first two months of 2024, reaching a yearly low of US$859.15 on February 9. However, palladium saw momentum in March, trending upward alongside gold, silver and platinum At the start of April, the price of palladium was US$996.28 and it quickly reached a year-to-date high of US$1,098 on April 9. However, the metal once again pulled back, plunging below the US$900 mark at the start of June....
Investing News Network
Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, reviewed gold's H1 performance and outlined what factors could drive the yellow metal in the second half of the year. In his opinion, the sector's east/west divide remains, and will be key to watch as 2024 continues. "I think that what we're looking at in the second half of the year is whether or not the eastern investor, who doesn't really pay much attention to where US rates are, or real rates are in western markets — they're looking at their homegrown investment requirements — will they stay active and actually con...
Investing News Network
After reaching a 17 year high in January, uranium prices consolidated in Q2, holding above US$82 per pound. Despite the cooldown, geopolitical tensions, supply concerns and resource nationalism added support to the uranium sector over the 90 day period, preventing the energy fuel from dipping below the US$80 level. Some analysts believe the correction is part of the uranium market's ongoing bull run. “Although the price of uranium has appreciated significantly, we’re still well shy of the record US$135 per pound realized in 2007, or US$200 per pound when adjusted for inflation," Steven Schoffs...
Investing News Network
Astudy published by the US Geological Survey shows that earthquakes can have a "substantial" impact on mining, smelting and refining operations, creating lasting impacts for the global economy and supply chains. Focusing on copper and rhenium, a silver-gray transition metal, the study aims to quantify the risks that earthquakes pose to supply — a variable that has not previously been systematically categorized. Copper production and risksAccording to the study, many of the world's largest copper and rhenium production facilities are located in regions prone to high seismic activity, such as So...
Investing News Network
Two Chinese copper smelters have announced plans to reduce production next year due to diminishing profit margins caused by an ongoing shortage of ore concentrate, Bloomberg reported on Tuesday (July 16). These decisions were revealed during a quarterly meeting of Chinese smelters held in Shanghai last week. Daye Nonferrous Metals, a major smelter based in the country's Hubei province, plans to cut its smelting output by 20 percent in 2025. The company has already implemented smaller reductions, resulting in a decline in its total refined copper production capacity, which now stands at 930,000...
Investing News Network
A copper crunch is coming as demand builds and the hunt for viable deposits comes up short. That’s according to Robert Friedland, a well-known mining industry financier whose current roles include board leadership positions at Ivanhoe Mines (TSX:IVN,OTCQX:IVPAF) and Ivanhoe Electric (TSX:IE,NYSEAMERICAN:IE). "We see a crisis coming in physical markets, and we see a requirement for much, much higher copper prices," he said in a recorded interview played at the Rule Symposium, held from July 7 to 11 in Boca Raton, Florida. Copper demand “essentially infinite”Speaking first about copper demand, F...
Investing News Network
Kazakhstan's announcement of a significant increase in the Mineral Extraction Tax (MET) for uranium sent uranium stocks trending higher on July 10 as concerns of a potential supply disruption grew due to Kazakhstan's position as the world’s largest uranium-producing country. The new tax rate changes will come in two waves. The first, effective January 1, 2025, will impose an initial hike from the current 6 percent to 9 percent. Starting in 2026, they will take on a more complex and differentiated rate structure, structured to vary based on production volumes and the price of natural uranium co...
Investing News Network
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
The People’s Bank of China (PBOC) revealed on Sunday that it did not purchase gold in June after doing the same in May. Since setting a record high of US$2,450 per ounce in May, gold prices have been volatile. Gold started July at about US$2,330 before rallying 3 percent last week to US$2,390, marking the most significant weekly gain in three months. However, it fell back down following the news of the PBOC's decision to hold off on bullion purchases. Prior to its lack of purchases in May, the PBOC had purchased gold each month since January 2023. As of June, the PBOC's gold holdings total 72....
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
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