This morning in metals, a major player in domestic steel announced when its full-year earnings call will drop, China looks to be giving used cars some love, and Australia’s government appears a bit bearish on iron ore in the next couple years. Two-Month Trial: Metal Buying Outlook Iron Ore Price Forecast for 2018-2019 Australia’s Department of […]
Category: Commodities
Week in Review: Chinese Capacity Cuts, Podcast Ep. 4 and Bitcoin
Before we come to the end of the first business week of 2018, let’s look back at some of the stories on MetalMiner so far this year: Chinese supply-side reforms generally have a big impact on metal prices — such was the case for copper, as our Stuart Burns wrote early this week. In case […]
Does Gold’s Rise Have Anything to do with Bitcoin?
Gold has defied interest rate rises and record equity markets to rally to its highest level in more than three months, the Financial Times reported this week. Rising more than 6% since early December to over $1,300/ounce — its highest level, the paper reports, since September 2015. Gold is normally considered a safe-haven asset and a […]
The Markets Have Bought in to the OPEC-led Output Cuts
After hitting a low of below $43/barrel in mid-2017, the oil price has risen inexorably to its highest level since 2015, according to the Financial Times. Rising some 35% since July, Brent crude hit over $67/barrel as hedge funds heap long positions despite the market, by most accounts, still being in surplus. OPEC’s alliance with […]
