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Week in Review: Goldman Sachs bullish; steel capacity utilization nears 70%; copper output falls

Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including Goldman Sachs is bullish on commodities, U.S. steel production, global copper mine production and more. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with […]

Goldman Sachs bullish for commodities in 2021

Goldman Sachs came out with a bullish report to investors last week predicting a surge in the price of commodities over the 2021-2025 period, Reuters reported. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be […]

Goldman Sachs is Bullish on Oil Prices in the Long Term

Judging by the share price of shale oil and gas producers, you would think the industry is one from which to keep well away. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Goldman Sachs, however, is recommending clients go long on the premise […]

China’s Changing Appetite: The Future of Australia’s Iron Ore Supply, Iron Ore Prices

China’s Changing Appetite: The Future of Australia’s Iron Ore Supply, Iron Ore Prices iron ore price

An expected slowdown in China’s uptake and a world that is increasingly moving toward “green” iron ore and steel will be two crucial drivers affecting the future of iron production. This is especially true for Australia, one of the world’s largest miners of raw iron ore. Should demand change or iron ore prices shift dramatically, […]

Copper Price Roller Coaster a Wild Ride in 2023: From Highs to Lows and Back Again

Copper Price Roller Coaster a Wild Ride in 2023: From Highs to Lows and Back Again Copper price

It’s safe to say that the copper price index witnessed an interesting 2023 thus far. Indeed, the market’s been volatile, so there were more than the usual ups and downs. Mid-year, prices registered a major tumble because of the fumble in China’s economy. However, soon after, they began clawing back to a respectable level. Prices […]

Demand for Copper Tempered by Innovations in the EV Market

Demand for Copper Tempered by Innovations in the EV Market fsg

Two firms, Goldman Sachs & Consultancy CRU Group, recently revised their forecasts for copper usage in electric vehicles (EVs). Indeed CRU Group now predicts that the average EV will use between 51-56 kilograms of copper from this year to 2030. This is a significant decrease from their previous estimate of 65-66 kilograms. Similarly, Goldman Sachs predicts […]

Copper, Priced for Recession

Copper, Priced for Recession production-of-copper-wire-bronze-cable-in-reels-at-factory

At least that’s what the Financial Times reported Goldman Sachs saying this week with regard to the price of copper. The bank also revised its forecast for the average copper price to $8,698 per metric ton, down from $9,750. According to a NASDAQ post, copper prices touched a six-month low this week as speculators increased short […]

Chinese Stock Market Rises, Metal Prices Follow Suit

Chinese Stock Market Rises, Metal Prices Follow Suit entwicklung-der-wirtschaft-in-china

The Chinese stock market reacted to Beijing’s about-face on COVID infections with a surge in prices, particularly in tech stocks. Due to a strong correlation with the stock market, metal prices have continued to rise since December. The expectation is that abandoning any meaningful attempt to control the spread of the virus will allow the […]

Copper MMI: Copper Price Rally Falters

Copper MMI: Copper Price Rally Falters Copper-MMI-September

The Copper Monthly Metals Index (MMI) moved sideways from August to September as the index rose 1.13%. Meanwhile, copper prices remain steady. Copper prices began to slide at the beginning of September. This came after they caught a temporary bounce in late summer. Prices then began to break through short-term lows, indicating the potential for further […]

Is the Battery Metals Gold Rush Really Over?

The term battery metals typically refers to lithium, nickel, and cobalt. The name stems from the fact that the three metals are frequently used in the production of all types of modern batteries. Since 2021, these metals have enjoyed a rather lengthy bull run. This has proved profitable for investors and provided some much-needed predictability […]

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