Will the copper price supply cut rally last?
Yes, says this new report which forecasts a further 15% rise in the copper price by the end of the year.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Iron ore price claims another scalp
Australia-listed Northern Iron warns of "material uncertainty of cash flow" and inability to extend debt maturities.
Nuclear power to grow fastest in more than 20 years
World Nuclear Association report says declining secondary supply, Asian and Middle East reactor builds necessitate whole new mined uranium pipeline by 2025.
Iron ore price closing in on $60
Another surge on Thursday as Chinese stockpiles continues to decline.
Rio saves $200m a year using robots, big data
Rio's already cut $1bn fat in the Pilbara–autonomous vehicles and data analytics will save another $200 million a year on maintenance over the next 3 years.
India’s gold monetization schemes met with skepticism
India's cabinet has launched two gold savings vehicles to to put the 20,000 tonnes of gold held privately to more productive use.
Iron ore price surges to 10-week high
Chinese iron ore futures soar 5% after government pledges to speed up infrastructure spending since some sectors like telecoms are only "30–40% completed".
Gold price: Bears take charge again
The gold price fell nearly 2% on Wednesday, but even near five-year lows the metal is historically overvalued compared to other commodities says new report.
BofA Merrill Lynch: Gold below $1,000 in 2016
"The combination of higher nominal opportunity costs and lack of inflation has hardly ever been bullish in the past 40 years, " says investment bank.
Copper price rallies 6%
Glencore's bold move and huge jump in Chinese concentrate imports light fire under copper price.
CHART: Friday massacre for mining stocks but copper price pulls out of nosedive
Historic down day for gold and silver prices caused double digit losses for precious metals stocks but copper miners came off relatively lightly.
