Despite a recovery on the demand side and a major strike in South Africa, mining companies inventory is preventing prices to rise. Platinum futures for April delivery gained 0.9 percent to $1,441.40 an ounce which is a 5% increase since January 1st.
By rights, many companies should have closed. Instead, they march on like zombies, China’s industrial undead. China simply makes too much steel. The government estimates that China’s annual production is about 100 million tonnes more than it should be, a
Copper is currently on the rebound, on the back of its third bearish cycle from February to April. Shanghai Cifco Futures Co. expects prices to climb until the end of June before pulling back to $6,037.50 per tonne by September.
The Stainless MMI® took a rather large blow in May, falling 6 points from 91 to 85, primarily on the back of falling nickel prices, falling 304 prices in China as well as 304 China scrap prices. A nickel
Copper prices have so far resisted the sharp fall in other metals prices since the outbreak of the crisis in the euro zone last year. But they are now below the $8,000 per tonne threshold. The copper cycle, which lasted for more than ten
The Worldsteel Association, which includes almost all of the global steel producers, released its October 2012 Short Range Outlook (SRO) for 2012 and 2013. Steel demand will slow down further in 2013: it will only be 2% in 2012, 3, 2%
In this particular context of Chinese quasi-monopoly, the risk of an economic disaster is likely if this supply was to be put to the test. And this is precisely what has been happening for several years, and more explicitly since 2010.
To understand the stakes related to rare earths, we must address the myth of their rarity. Indeed, they are all more abundant than gold or silver in the earth’s crust, and their name actually reflects a relative rarity in minerals in
The stakes are significant: the rare earth elements have become key industries in developed countries, actors essentials of a multitude of industrial products, including applications designed to have their claims explode over the coming years, such as electric cars and