Palladium Could Crash Towards 4-Year Low, as Markets Struggle
It was supposed to be the year of specialty metals. However, palladium is experiencing one of its worst bear markets in history, owing to a slew of uncertainty about inflation and whether central banks responding with ever-increasing rate hikes would tip the global economy into recession. Palladium, a metal principally prized for its role in…
Rio Tinto’s Strategic Moves: The Key to Profitable Commodity Production
The 2023 production guidance, announced in mid-January alongside Rio Tinto’s fourth-quarter output figures, shows the increased output for iron ore, copper, and alumina/bauxite. And the business is moving rapidly to construct a lithium test plant at the Rincon mine in Argentina, which it purchased last year – a critical step for Rio Tinto’s future. I…
Base Metal Prices Gets a Boost from China’s Reopening
Since November, base metals have soared on expectations that China’s reopening will increase demand for raw materials. Tin, zinc, and copper have risen more than 20% in three months, helped by the US Federal Reserve signaling a slowing in the pace of interest rate rises and a weakening of the US dollar, which importers use…
A Potential Supply Shock for Lithium Might Surprise This Year
Supply Issues Used to Hound the Markets Rampant lithium demand has caught many forecasters by surprise, with booming global EV sales causing consumption to double over the past two years. With suppliers unable to keep pace, a blistering price rally sent the total spot value of lithium consumption rocketing to about $35 billion in 2022,…
Gold to Explode in 2023, but Pay Attention to the Miners
Although gold prices are projected to fall somewhat by the end of the year, the precious metal has witnessed a strong comeback, positioning itself for a strong start to 2023, with one asset management firm seeing the potential for prices to rise above $2,000 per ounce. With gold prices hovering around $1,800 per ounce, the…
