After a difficult 2020 for oil, could it bounce back in 2021?

The oil price is caught between a short-term recovery and the medium-term prospect of peak oil, as countries ramp up programs to decarbonize by switching power generation sources and banning internal combustion engines (ICE). The oil price has been see…

The oil price is caught between a short-term recovery and the medium-term prospect of peak oil, as countries ramp up programs to decarbonize by switching power generation sources and banning internal combustion engines (ICE). The oil price has been seesawing between vaccine optimism and pandemic pessimism. Yet, it has managed a gradual recovery from its...

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Global copper mine production drops 1% as prices continue to soar

Global copper mine production during the first nine months of the year fell 1%, the International Copper Study Group (ICSG) reported. Furthermore, the global copper market posted an apparent deficit of 387,000 metric tons during the period. DO NOT miss out…join the MetalMiner LinkedIn group today for news on aluminum, steel and copper (oh my!)….

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Global copper mine production during the first nine months of the year fell 1%, the International Copper Study Group (ICSG) reported. Furthermore, the global copper market posted an apparent deficit of 387,000 metric tons during the period. DO NOT miss out…join the MetalMiner LinkedIn group today for news on aluminum, steel and copper (oh my!)....

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Chinese steel scrap imports could be market mover in 2021

There has been quite a bit of analyst chatter about the likely impact of China’s return to the steel scrap market next year. In 2019, the authorities essentially banned steel scrap imports. The move came, in part, because many of the grades were classified as waste. However, of late the rumor is China will be…

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There has been quite a bit of analyst chatter about the likely impact of China’s return to the steel scrap market next year. In 2019, the authorities essentially banned steel scrap imports. The move came, in part, because many of the grades were classified as waste. However, of late the rumor is China will be...

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‘A’ is for allocation steel markets

Not so long ago on a fall night here in Chicago, I had the opportunity to meet up with a couple of folks from a steel producer.  What they told me then sounded a little scary — they suggested the “A” word — but not nearly as scary as current market conditions suggest.  In metals…

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Not so long ago on a fall night here in Chicago, I had the opportunity to meet up with a couple of folks from a steel producer.  What they told me then sounded a little scary — they suggested the “A” word — but not nearly as scary as current market conditions suggest.  In metals...

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Global Precious MMI: Gold price surged during pandemic, but what’s in store for 2021?

The Global Precious Monthly Metals Index (MMI) gained 1.5% for this month’s index value, as the gold price has lost some of its gains from the summer. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Gold price gains MetalMiner’s Stuart Burns recently checked in on the gold price and…

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The Global Precious Monthly Metals Index (MMI) gained 1.5% for this month’s index value, as the gold price has lost some of its gains from the summer. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Gold price gains MetalMiner’s Stuart Burns recently checked in on the gold price and...

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Gold has surged during the pandemic, but what does 2021 look like?

The gold price has been on the rise during the pandemic this year. As infections rise, vaccines loom on the horizon and economies gradually recover, what do we expect from the gold price in 2021? Gold price bulls The bulls are predicting a resurgence i…

The gold price has been on the rise during the pandemic this year. As infections rise, vaccines loom on the horizon and economies gradually recover, what do we expect from the gold price in 2021? Gold price bulls The bulls are predicting a resurgence in the price to U.S. $2,300 per troy ounce in 2021....

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Aluminum performing strongly on China data

China is going through a purple patch at the moment, particularly the Chinese aluminum sector. An early and strong rebound from Q1 lockdowns and significant stimulus investment that has made its way into property and infrastructure activity have booste…

China is going through a purple patch at the moment, particularly the Chinese aluminum sector. An early and strong rebound from Q1 lockdowns and significant stimulus investment that has made its way into property and infrastructure activity have boosted demand for all the base metals. However, aluminum has arguably seen the biggest benefit. Sign up...

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China, India set to compete in crude refining sector

China and India find themselves in some sort of a mini-race in the crude refining business. (As readers of our Annual Outlook know, the oil sector is one of three key macroeconomic pillars we consider in our analysis of commodities markets, in addition…

China and India find themselves in some sort of a mini-race in the crude refining business. (As readers of our Annual Outlook know, the oil sector is one of three key macroeconomic pillars we consider in our analysis of commodities markets, in addition to the Chinese economy and the strength of the U.S. dollar). China...

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Global aluminum market in surplus, paced by rising Chinese production

As the World Bureau of Metal Statistics (WBMS) will tell you, the global aluminum market reached a surplus of 1,603 kt in the January to September 2020 period. That tripled the surplus of 480 kt recorded for the whole of 2019. Do you know the five best…

As the World Bureau of Metal Statistics (WBMS) will tell you, the global aluminum market reached a surplus of 1,603 kt in the January to September 2020 period. That tripled the surplus of 480 kt recorded for the whole of 2019. Do you know the five best practices of sourcing metals, including aluminum? Global aluminum...

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World Platinum Investment Council releases bullish 2021 platinum report

The World Platinum Investment Council (WPIC) released a report this month with a bullish view of the platinum market in 2021. The WPIC is bullish on the basis of stronger investment demand and restricted production in South Africa. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Platinum in deficit…

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The World Platinum Investment Council (WPIC) released a report this month with a bullish view of the platinum market in 2021. The WPIC is bullish on the basis of stronger investment demand and restricted production in South Africa. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Platinum in deficit...

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