Video: Gold mining faces a cliff after 2025, CRU analyst predicts
Global gold production will peak at about 3,250 tonnes (105 million oz.) next year, according to CRU's Oliver Blagden.
The London Metal Exchange has approved Ravenna as the latest point of good delivery for non domestic LME Steel Billet, with effect from September 16th 2011. The addition of the Italian port will enhance the contract’s warehousing network in Europe, encouraging the steel industry to further utilise the contract. LME Steel Billet is now listed in 12 locations in seven countries.
LME Steel Billet average daily volume in 2011 is 1,042 lots, up 46% from 2010. The number of transactions per day in 2011 has also increased 36% year on year. On average 77 trades take place, more than half of them on Select and with 22 members trading regularly each month.
