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metals prices

S&P’s sees further improvement in most metal prices in year ahead

MEGAN VAN WYNGAARDT on MINING WEEKLY | 5 March 2018 “Metals prices have benefited from the improved global economy and from a recently weaker US dollar, in which most commodities are valued, with the Standard & Poor’s (S&P’s) GSCI reaching a two-year high on January 26, aiding the uptick in global exploration, the research firm’s […]

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How Batteries Sparked a Cobalt Frenzy and What Could Happen Next

MARK BURTON on BLOOMBERG MARKETS | 17 December 2017 “Cobalt left other metals in the dust this year, driven by demand from electric carmakers like Tesla Inc. But with new supply coming online and high prices likely to spur substitution and recycling, the market for the key battery component could prove choppier next year.” Read […]

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electric cars

‘Miner’s revenge’ is coming with electric cars, Friedland says

BLOOMBERG via MINING WEEKLY | 1 Dec 2017 “Surging demand for metals like copper, nickel and cobalt for use in electric vehicles promises to overturn the balance of power between mining companies and their customers, according to billionaire investor Robert Friedland. Automakers will have to change the way they approach procurement if they want to […]

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energy metal supplies

Volkswagen is said to step up bid for cobalt for electric cars

BLOOMBERG on MINING WEEKLY | 23 November 2017 “Volkswagen AG is stepping up its hunt for long-term supplies of battery metals it will need to help power electric cars across its entire range. The top automaker invited producers and traders of cobalt, one of this year’s best-performing metals, for talks at its German headquarters this […]

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global gold

Global gold flows stable in Oct, gold ETFs add 3.3 t

REUTERS on MINING WEEKLY | 14 November 2017 “Gold-backed exchange traded funds (ETFs) have added 3.3 t of gold to their global holdings during October, as outflows from North America mostly offset inflows in Europe, the latest data from the World Gold Council (WGC) shows. Global ETF gold holdings now total 2 347.6 t. According […]

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gold

Gold’s Future Path Looks Distinctly Rocky

RANJEETHA PAKIAM on BLOOMBERG MARKETS | 14 November 2017 “Gold may be set on a perilous path as central banks withdraw the liquidity punch bowl that has driven stock markets to record highs. As a world recovery gathers pace, the Federal Reserve is shrinking its balance sheet and raising interest rates, while the European Central […]

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EV batteries

Australia’s Got a Lock on Supply of the Metal Used for EV Batteries

DAVID STRINGER on BLOOMBERG MARKETS | 25 October 2017 “Ground zero in the global scramble for lithium is a small patch of northern Australia’s iron-ore rich outback, where work is accelerating to deliver the world’s next major mines to feed soaring demand from electric vehicle battery makers. Almost 60 percent of supply from planned large projects […]

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Tanzania's President

Tanzania’s President Urges Increased Control of Mineral Wealth

OMAR MOHAMMED on BLOOMBERG MARKETS | 26 July 2017 “Tanzanians are being cheated out of the country’s mineral wealth and should take more control of their natural resources, President John Magufuli said. Investors in Tanzania’s mining industry have “stolen” from the country by failing to distribute a fair share of the revenue they generate from […]

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copper

Copper Goes Red Hot as Prices Rally to Two-Year High on China

MARK BURTON on BLOOMBERG MARKETS | 25 July 2017 “The red metal is red hot. Copper surged to the highest level in more than two years, lifting shares of producers including Glencore Plc, on expectations that demand in China will fuel a global shortage, with plans in the country to curb metal-rich waste imports reinforcing […]

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diamonds

De Beers Searches the African Seabed for Diamonds

KEVIN CROWLEY on BLOOMBERG MARKETS | 15 June 2017 “De Beers finds some of its most valuable diamonds on the Atlantic Ocean seabed off the coast of Namibia, and it’s betting there are a lot more to be discovered. The world’s biggest diamond producer has spent $157 million on a state-of-the-art exploration vessel that will […]

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