Metals Markets
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Iron ore markets won’t quickly recover from Vale disaster, says Black Iron’s Simpson
In the following interview excerpt, iron ore expert Matt Simpson, co-founder and CEO of junior Black Iron (TSX: BKI; US-OTC: BKIRF), explains the new landscape for iron ore markets worldwide in the wake of Vale’s horrific tailings dam disaster near…
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SILVER: Global demand up 4% in 2018
NEW YORK CITY – The Silver Institute has released a report saying global silver demand rose 4% – to 1.03 billion oz. – in 2018. This is the first time since 2015 that demand has risen year-over-year. Three factors were…
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MARKETS: Raymond James raises gold, copper forecasts, lowers uranium
Brian MacArthur of Raymond James is increasing his price forecasts for gold, copper, zinc and coking call and lowering his estimate for uranium. The mining analyst has revised his average gold price for 2019 to US$1,301 per oz. from US$1,293…
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SILVER: Outlook brightens for 2019 says Silver Institute
WASHINGTON, DC – Last year was disappointing, but the Silver Institute is predicting a “more supportive” climate for silver this year. Sales of the U.S. Mint’s American Eagle coins rose 12% in January 2019, compared to the same month a…
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UxC’s Nick Carter expects uranium’s ‘gradual upward movement’
Nicolas Carter is an executive vice-president of uranium at UxC LLC, one of the nuclear industry’s market research and analysis companies. Carter has 21 years of nuclear industry experience. He manages and coordinates uranium consulting projects and products, including The Ux…
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Slower growth weighs on base metals but constructive for gold, CIBC says
The negative effects of trade disputes on global growth this year will push down demand for base metals and steel-making commodities, while the economic uncertainty will drive gold prices higher, CIBC says. “CIBC economists are not forecasting a recession in…
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Metals Commentary: Bright lights at end of long tunnel for lithium
Cold water was thrown on the lithium market in 2018, with prices falling and lithium miners’ equity prices falling alongside. We at Fastmarkets believe the price weakness has been front-loaded with the market deleveraging into the prospect of two-to-three years…
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GOLD: Gold production to grow in the next four years: report
GLOBAL – A report by Fitch Solutions states that the period 2018-22 is seeing a growth in gold production because slightly higher prices and stronger company financials are encouraging greater mine investment. “We forecast global gold production to increase from…
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DIAMONDS: De Beers is said to make big cuts in low end diamond prices
BOTSWANA – De Beers made steep cuts in the prices of low quality stones at its sale this week, according to people familiar with the situation. The world’s biggest producer reduced prices as much as 10% for low quality stones,…
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COPPER: Top copper miner’s output slump adds to worry on metal shortfall
A tight copper market may be set to get a lot tighter, if a report this week from the world’s biggest miner of the metal is any indication. Santiago-based Codelco posted the lowest quarterly copper production this year in the…
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GOLD: World Gold Council launches site for data, analytics and research
LONDON, U.K. – On Nov. 8 the World Gold Council launched Goldhub, calling it a market leading source of data, insights and analytical tools aimed at helping investors understand gold’s value as a strategic asset. Goldhub offers investors range of…
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GOLD: Troilus Gold intersects gold and copper below current resource at past-producer in Quebec
From 1996 until 2010, Zone 87 at the Troilus mine in Quebec was responsible for the majority of the 2 million ounces of gold and 70,000 tonnes of copper that was produced at the open-pit mining operation. The Z87 pit…
