Hello mooers! Check out the latest market dynamics of the metals and mining industry over the past two weeks. • Base metals: Aluminum prices rose to $2659 per tonne • Energy metals: Li carbonate prices rose 3.0% in the past two weeks • Precious metals: Gold prices rose 2.6% to $2715 per oz • Bulk commodities: Iron ore prices rose 5.4% in the past two weeks Spot Pri...
The raw materials required for technology advancement depend on both current mature technologies and emerging technologies. These materials are integral to the production of semiconductors, electronics, renewable energy systems, and other high-tech components. Some materials are already well-established in industrial use, while others are critical for technologies in their nascent stages. Raw Materials for Current Mature Technol...
Electric vehicles (EVs) typically require significantly more copper than conventional internal combustion engine vehicles. On average, an EV can use about three to four times more copper than a traditional vehicle, primarily due to the following factors: 1. Electric Motors: EVs use electric motors instead of engines, which require more copper for windings. 2. Batteries: The battery packs in EVs, especially lithium-ion batteries, have copper components fo...
Copper market balance under pressure: We've seen more supply disappointments and disruptions in recent months. - Production at Codelco, the world's top supplier of the red metal, fell 10.1% to 107,300 metric tons in March. - There was another strike at MMG's large Las Bambas copper mine, one of the largest copper mines in South America. - Glencore's copper production fell another 2% last quarter and has been declining for more than 4 years. - Copper production at Antofagasta, a major copper mine...
Bank of America's commodities team forecasts a strong copper market due to high demand from energy transitions and limited supply. They have also grown significantly optimistic about gold, expecting its price to be propelled by central banks, Chinese investors, Western macroeconomic influences, and the anticipated conclusion of interest rate increases. They predict gold could reach $3,000 per ounce by the end of 2025, ...
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Why is gold miner stocks still sleeping????
ChristInMe
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Since the fourth quarter of 2023, the global copper mining industry has experienced multiple supply disruptions, with recent news of planned production cuts by Chinese smelters intensifying market unease. Supported by expectations of a tight supply,$Copper Futures(MAY5) (HGmain.US)$prices have been fluctuating with an upward trend since the end of October last year, and have recently seen an accelerated increase. Since March, g...
Since the fourth quarter of 2023, the global copper mining industry has experienced multiple supply disruptions, with recent news of planned production cuts by Chinese smelters intensifying market unease. Supported by expectations of a tight supply,$Copper Futures(MAY5) (HGmain.US)$prices have been fluctuating with an upward trend since the end of October last year, and have recently seen an accelerated increase. Since March, g...
Glencore's CEO blames the fall in commodity prices on rising interest rates and a normalizing energy market. The firm expects a robust recovery in 2024 due to interest rate reductions and an economic upturn.
RBC believes the market underestimates Glencore's cash-generation potential. Despite coal price retraction, factors like higher copper cash generation, new coal unit, and cash generative marketing business are expected to offset coal weakness.
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