Gold has recovered towards $4,200, but UBS’s December forecast of $4,600 still requires a gain of almost 10% from current levels. Gold’s sharp September retreat has left a much steeper climb to UBS’s $4,600 year-end forecast, even as bullion recovers some of Monday’s losses. The Gold price (XAU/USD) edged up 0.20% to around $4,195 an ounce on Wednesday morning, following …
Continue ReadingCopper held above $14,400 a tonne in London on Tuesday after workers at Antofagasta’s (LON: ANTO) Centinela mine in Chile voted to strike, adding a potential supply disruption to an already tight market. Three-month futures rose 0.2% to $14,446 a tonne on the London Metal Exchange at 12:50 p.m. local time. The metal is on track for a third consecutive …
Continue ReadingKazakhstan and Germany have agreed on a joint roadmap for industrial, technological and raw materials cooperation for 2026-2028, with a focus on critical raw materials, joint production and sustainable supply chains, during today’s meeting in Berlin. According to the press service of the President of Kazakhstan, the roadmap was welcomed by Kazakh President Kassym-Jomart Tokayev and German President Frank-Walter Steinmeier …
Continue ReadingAfter a stellar 2025, 2026 has seen a pivot away from precious & critical minerals, as we await a new pivot From the standpoint of the most precious metal of all, gold, the stock market has been the star of 2026. All year we anticipated a bottom to be put in at/above the green shaded box. If that bottom is …
Continue ReadingThe auto sector accounts for between 37 and 40 percent of global platinum demand, making it the single largest element of the market. That share has been given fresh support by the rollback of vehicle electrification under the White House administration, which has kept internal combustion engine sales running at a pace that surprised parts of the market. Platinum catalyst …
Continue ReadingChina presents a new five-year plan for the battery industry. By 2030, solid-state batteries are to be used on a larger scale for the first time, while Beijing also targets sodium-ion batteries, fast charging, recycling, and industry consolidation. China’s Ministry of Industry and Information Technology (MIIT) in collaboration with six other authorities — including the National Development and Reform Commission …
Continue ReadingThe United States is signalling a willingness to help develop Brazil’s critical minerals processing industry as Washington seeks access to the country’s vast resources while reducing reliance on China. US embassy sources told MINING.COM that American representatives have stressed in meetings with Brazilian counterparts that they are open to commitments that add value locally, including support for processing and refining. …
Continue ReadingSilver fell sharply on Monday, losing 4.53% on the day to trade around $61.40, with XAGUSD facing heavy selling pressure as elevated US Treasury yields and growing expectations of further interest rate hikes weigh on non-yielding assets. Higher crude oil prices remain at the centre of investors’ concerns. Persistent disruptions to worldwide energy supplies are fueling risks of more persistent …
Continue Reading30 Second Briefing Rhodium is forecast by TD Commodity Strategy to swing to a 20,000‑oz surplus in 2027 after four years of deficits, pushing prices down from about $9,000/oz to $7,600 in 2027 and $6,500 in 2028 as mine and recycled supply rise against flat or falling autocatalyst demand. Above‑ground stocks are seen shrinking to just over three months of …
Continue ReadingDespite strong copper prices, growing investment demands are offsetting much of the gains posted by mining companies in Chile, Moody’s said in a report on Thursday. Chile, the world’s largest producer of the red metal, is undergoing an investment cycle focused largely on maintaining production levels and replacing depleted reserves as large deposits age. Moody’s said that the current investment …
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