The world’s capacity to produce cobalt and lithium—two essential elements for batteries used in mobile devices, tools, and electric vehicles—is expected to double over the next five years, according to the U.S. Geological Survey’s (USGS) inaugural World Minerals Outlook. Meanwhile, production capacity for gallium, palladium, platinum, and helium is expected to remain stable. “The USGS...
READ MORESpot gold experienced a sharp drop in early Asian trading on March 7, falling from a session high of $2,914 per ounce to an intraday low of $2,896.40 per ounce. Analysts attribute the decline to profit-taking ahead of the U.S. Non-Farm Payrolls report and rising U.S. Treasury yields, which reduced the appeal of the non-yielding...
READ MORECopper prices reached their highest levels in over a week on Wednesday, driven by a softer dollar, while aluminium prices declined due to falling raw material costs and expectations of increased supply. Three-month copper on the London Metal Exchange (LME) rose 0.1% to $9,160 per metric ton by 1030 GMT, after hitting $9,204, the highest...
READ MOREGold prices climbed to nearly three-month highs on Wednesday, January 22, reaching $2,763.42 per ounce during the session before closing at $2,756.10 per ounce. The rise comes despite a strengthening U.S. dollar, as strong safe-haven demand pushed gold prices decisively above the psychological $2,750 per ounce level. Market analysts attribute the surge to growing investor...
READ MOREIn Asian morning trading on Monday, January 20, spot gold experienced a sharp decline, dropping to an intraday low of $2,690.96 per ounce. This marks a continuation of the retreat seen in the previous session, as gold prices closed at $2,702.27 per ounce on Friday, down $12.08 or 0.45%. The decline in gold prices at...
READ MOREAnalysts forecast a decline in zinc prices in 2025 as global refined zinc production rebounds and demand remains subdued. BMI, a research agency under Fitch Solutions, projects a surplus of 270,000 tonnes for the year, reversing the 184,000-tonne deficit anticipated in 2024. Preliminary data from the International Lead and Zinc Supply Group (ILZSG) show that...
READ MOREAccording to a survey by Shanghai Metals Market (SMM), China’s primary aluminium prices and input costs have declined, reflecting muted demand for the commodities. Bauxite emerged as the only exception, with its domestic price remaining stable and its imported price increasing by $0.08 per tonne to $105.84 per tonne. A00 Aluminium Ingot Price On December...
READ MORERusal, Russia’s primary aluminum producer, has allegedly taken steps to disrupt several key investment projects by Nornickel, one of the world’s leading producers of non-ferrous and precious metals. According to a source close to Interros, Nornickel’s majority shareholder, Rusal’s actions have targeted initiatives critical to Nornickel’s growth and environmental goals. Among these is Nornickel’s ambitious...
READ MOREThe global copper market is projected to see a surplus of 200,000 tonnes in 2024 before achieving balance in 2025, according to Nornickel’s latest market analysis. The company attributes this trend to growing demand spurred by renewable energy, electric vehicles, and rising global electricity consumption. While concerns about long-term copper supply shortages persist, recent investments...
READ MOREThe global nickel market marked its third consecutive year of surplus in 2024, with oversupply heavily concentrated in the high-grade nickel sector. According to Nornickel, exchange stocks of nickel more than doubled during the year, surpassing 100,000 metric tons. When including over-the-counter inventories, global Class 1 nickel stockpiles are projected to grow by as much...
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