The oil price is caught between a short-term recovery and the medium-term prospect of peak oil, as countries ramp up programs to decarbonize by switching power generation sources and banning […]
Tag: L1
Global copper mine production drops 1% as prices continue to soar
Global copper mine production during the first nine months of the year fell 1%, the International Copper Study Group (ICSG) reported. Furthermore, the global copper market posted an apparent deficit […]
Chinese steel scrap imports could be market mover in 2021
There has been quite a bit of analyst chatter about the likely impact of China’s return to the steel scrap market next year. In 2019, the authorities essentially banned steel […]
‘A’ is for allocation steel markets
Not so long ago on a fall night here in Chicago, I had the opportunity to meet up with a couple of folks from a steel producer. What they told […]
Global Precious MMI: Gold price surged during pandemic, but what’s in store for 2021?
The Global Precious Monthly Metals Index (MMI) gained 1.5% for this month’s index value, as the gold price has lost some of its gains from the summer. Sign up today […]
Gold has surged during the pandemic, but what does 2021 look like?
The gold price has been on the rise during the pandemic this year. As infections rise, vaccines loom on the horizon and economies gradually recover, what do we expect from […]
Aluminum performing strongly on China data
China is going through a purple patch at the moment, particularly the Chinese aluminum sector. An early and strong rebound from Q1 lockdowns and significant stimulus investment that has made […]
China, India set to compete in crude refining sector
China and India find themselves in some sort of a mini-race in the crude refining business. (As readers of our Annual Outlook know, the oil sector is one of three […]
Global aluminum market in surplus, paced by rising Chinese production
As the World Bureau of Metal Statistics (WBMS) will tell you, the global aluminum market reached a surplus of 1,603 kt in the January to September 2020 period. That tripled […]
World Platinum Investment Council releases bullish 2021 platinum report
The World Platinum Investment Council (WPIC) released a report this month with a bullish view of the platinum market in 2021. The WPIC is bullish on the basis of stronger […]
