The usually highly liquid gold market hit turbulence last week as transport restrictions prevented contract settlement procedures at New York’s COMEX futures market. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! The Financial Times reported the price of gold futures traded on COMEX and expiring this […]
Tag: L1
Could we be on the way to $10 per barrel oil?
Popular investor inclination may be that after such a dramatic fall, the oil price has to bounce back, that investor sentiment on the downside was an overreaction. That inclination might also say after a chance for reflection has been allowed, prices will recover. But the reality is all we can reliably expect is a period […]
Europe’s steel industry under pressure amid falling orders, personnel challenges
Europe’s steelmakers are cutting production and idling factory lines as an industry already buckling under a severe market downturn girds itself for the economic fallout from coronavirus, the Financial Times reports. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Companies such as Thyssenkrupp and Tata Steel […]
Global copper mine production down 0.7% in 2019
Global copper mine production dipped last year compared with 2018, according to the most recently monthly data from the International Copper Study Group (ICSG). Request a 30-minute demo of the MetalMiner Insights platform now. Copper concentrate production declined 0.6% and solvent-extraction electrowinning fell by around 1%, the ICSG reported.
Finally, gravity is reasserting itself on iron ore prices
Just as we were about to go to press with an article on the surprising resilience of seaborne iron ore and coking coal prices in Asia, the market in Asia closed yesterday with heavy falls – they beat us to it. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about […]
Responsible mining report highlights effective practices, laments lacking disclosures
Significant gaps remain within societal expectations of the mining industry, a recent report from the Responsible Mining Foundation said. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! “The performances of even the best-scoring companies fall considerably short of society expectations in all six thematic areas,” the […]
U.S. housing starts surge 39.2% year over year in February
Although housing starts in the U.S. in February declined compared with January, they rose 39.2% compared with starts in January 2019, according to the U.S. Census Bureau and Department of Housing and Urban Development (HUD). Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Outlandish as it may sound, talk of negative oil prices has a message
Various reports hit the news feeds today quoting a deliberately headline-grabbing statement by Paul Sankey, managing director at Mizuho Securities, in which he is reported as saying, “Oil prices can go negative.” MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. That is, they […]
If Chinese smelters don’t turn off the taps, the world could flooded with aluminum
We are not claiming any particular foresight on this, but a recent Reuters article yesterday covers a topic we wrote on last week concerning the disconnect between China’s aluminum smelters, which managed to raise output by 2.4% during the troubled first two months of this year, and the downstream aluminum semi-finished product producers, which all […]
Moody’s: Metals and mining sectors among those with ‘moderate’ exposure to coronavirus fallout
As government entities in the U.S. battle to curb the spread of the coronavirus (COVID-19), incrementally stricter provisions on public gatherings have been implemented. Large businesses, from casinos on the Las Vegas strip to Disney World, have closed up shop. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner […]
