An important source of precious metals — and in particular, Platinum Group Metals (PGMs) — is in a spiral of diminishing returns and could run out of cash in 2020 with consequences for metal supply and market prices. Zimbabwe has been here before, it must be said. Looking for metal price forecasting and data analysis […]
Category: Precious Metals
Long-term negative correlation between the dollar, gold prices takes a break
Gold prices surged this year due to greater uncertainty in the global macroeconomic environment. By August, the price briefly regained the $1,500/ounce price point and stood at $1,460/ounce in late November. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Over the longer term, […]
Week in Review: ArcelorMittal Closures, Platinum Demand and a Call for a Section 232 Sunset
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 our coverage of: ArcelorMittal’s plant closure in South Africa, the oil price outlook, U.S. steel capacity utilization and steel prices, CAMMU’s call for a Section 232 sunset provision, and […]
Global Precious MMI: Palladium Prices Soar to Record High
The Global Precious Monthly Metals Index (MMI) jumped six points this month, rising for a November MMI reading of 113. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Palladium-Platinum Spread Widens As noted here many times before, platinum had historically traded at a premium […]
Gold, Silver Purchases Down During India’s Prime Precious Metal Buying Holiday Season
India is right in the middle of its annual festival season that carries on until the year’s end — as is customary, all eyes are on the purchase patterns for gold and silver during the festival of Diwali. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s […]
This Morning in Metals: Aluminum Associations Demand Action on Market-Distorting Behavior
This morning in metals news, global aluminum associations are calling for action on market-distorting activity, China’s semi-finished steel imports skyrocketed in September and Freeport-McMoRan reported its 3Q 2019 results. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Aluminum Associations Demand Reforms Yesterday, we […]
Global Precious MMI: Palladium Price Pulls Away from Platinum
The Global Precious Monthly Metals Index (MMI), which tracks a basket of precious metals and precious metals prices, picked up one point for an MMI reading of 107 this month. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Palladium Surges, Widens Spread with […]
Week in Review: MMIs, U.S. Steel Production and China’s Manufacturing Slowdown
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: Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. MMI week continued with coverage on the following indexes: Rare […]
This Morning in Metals: World Gold Council Launches Responsible Mining Principles
This morning in metals news, the World Gold Council unveiled a set of principles geared toward promotion of responsible mining, Apple’s newest iPhone includes stainless steel and an Indian steel tycoon is critical of the pace of the country’s insolvency proceedings. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook World […]
Global Precious MMI: Index Rises Four Points as Platinum Gains Momentum
The Global Precious Monthly Metals Index (MMI) gained four points this month, rising for a September MMI reading of 106. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Gold Market Subdued in India MetalMiner’s Sohrab Darabshaw delved into the Indian gold market ahead of the festival season in the country, which […]
