The Gold price could average close to $5,300 in 2027 under RBC’s bullish scenario, while its central case still points to prices holding above $4,200. The Gold price was trading around $4,380 on Tuesday after another volatile 48 hours, having briefly pushed above $4,430 before giving back part of the move. RBC Capital Markets’ latest commodity forecasts leave plenty of room for …
Continue ReadingThe U.S. is making progress toward breaking China’s dominance of the rare-earth supply chain. But there is a catch: non-China rare earths are already dramatically more expensive, meaning Western companies may have to pay a premium to reduce their dependence on Beijing. That is the emerging reality described by USA Rare Earth, Inc. (NASDAQ:USAR) CEO Barbara Humpton on the company’s second-quarter earnings call. She said companies are increasingly …
Continue ReadingThe price of Silver could extend its recovery into 2027, with RBC’s Fresnillo model assuming $77.48/oz in 2026 and $83.13/oz next year. The Silver price (in US Dollars) has staged a sharp August rebound, climbing back above $65 after spending much of July below $60. RBC’s latest Fresnillo model points to a much stronger second half, with the bank saying: “We expect …
Continue ReadingWorld Gold Council survey finds a record 45% of central banks plan to add gold amid inflation and geopolitical uncertainty. As wars spread, trade tensions escalate and inflation remains stubbornly high, governments around the world are quietly buying more gold, a sign many are preparing for a future they believe will be more uncertain. A new World Gold Council survey found that …
Continue ReadingOn Friday, the Donald Trump administration pledged more than $2 billion to battery and critical-minerals companies, expanding a government lending spree aimed at reducing U.S. reliance on Chinese suppliers. Pentagon Leads Funding Push The Defense Department will lend California-based battery maker Sila Nanotechnologies $1.4 billion, President Trump announced at a State Department roundtable. Sila, founded in 2011 by a former Tesla Inc. (NASDAQ:TSLA) engineer, Gene Berdichevsky, has raised …
Continue ReadingSHFE aluminium closed at RMB 23,950 per tonne, edged down 0.13 per cent, with the price above the MA5 (around 24,000) and all short- to medium-term moving averages (MA10=23,696.5, MA30=23,252.17, MA60=23,719.67), the moving average system in bullish alignment, the medium-term uptrend intact. The MACD DIF at 140.3, DEA at 45.33, maintaining a golden cross above the zero line, the histogram …
Continue ReadingGold mining stocks capped one of their strongest weeks in years on Friday, with benchmark funds gaining more than 20% as bullion climbed to its highest level since mid-June. The VanEck Gold Miners ETF (GDX) rose 21.09% over five days to $89.73 just after midday in New York. The VanEck Junior Gold Miners ETF (GDXJ) did even better, climbing 22.42% …
Continue ReadingAt the end of 2023, a cargo ship sailing towards the Bab el-Mandeb strait did something that would have been unthinkable just a year earlier. It turned around and sailed thousands of kilometres around the Cape of Good Hope instead. This one move sparked a chain of similar decisions, and in a matter of days, one of the world’s most important maritime corridors was effectively bypassed. It was a vivid …
Continue ReadingExports of Indonesian mineral products have resumed after delays linked to testing for rare-earth element contents, with shipments of alumina hydroxide and alumina oxide leaving from West Kalimantan, the President’s office said on Friday. The alumina products were produced by PT Indonesia Chemical Alumina, Presidential Chief of Staff Dudung Abdurachman said in a statement, and were among shipments that had been delayed by “differences in interpretation” of a policy regarding rare-earth …
Continue ReadingDespite recent selling pressure, massive AI investments continue to expand the sector, supporting global growth and base metal prices, while persistent supply concerns push prices higher. Strong demand from the artificial intelligence (AI) sector, a weakening US dollar, supply concerns, and the US Federal Reserve’s waning likelihood of raising interest rates in the near future drove base metal prices higher …
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