Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
London’s streets were rumored to be paved with gold, once upon a time. Now they seem to be paved with chit-chat and hearsay regarding the future of the City’s bullion trade.
Now, not to repeat myself, but the London bullion market is currently in a state of transition. To what, exactly, is anyone’s guess. Over-the-counter to exchange, maybe, if the London Metal Exchange can get its hands on it.
Disclaimer: all of this is basis analysis of high-level conversations with senior market participants. Nothing is yet publicly known and no parties mentioned in this blog will comment. Paranoia, maybe. Non-disclosure agreements, most certainly.
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