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The Copper Rush: Glencore, Mercuria and Trafigura Acquire Metal from the DRC
Glencore Plc, Mercuria Energy Group and Trafigura Group recently acquired copper from state-owned mining giant Gécamines in the Democratic Republic of Congo (DRC). This is a significant move for the industry, as it is the first time that Gécamines is marketing metals...
Fall in ocean shipping rates between Asia and Europe: signs of an early end to the peak season
Sea freight rates between Asia and Northern Europe, as well as to the Mediterranean, dropped further last week, recording prices 20% below the peaks reached in July. This could mark an early end to the peak season which, in turn, had started earlier than...
China and the Pause in Gold Purchases: A Signal of Geopolitical Changes?
China stopped buying gold for its reserves for the fourth consecutive month at the end of August, official data show. Despite this, the value of the country's gold reserves increased to USD 182.98 billion, up from USD 176.64 billion at the end of July. The volume of...
Goldman Sachs: A Change of Course on Copper Forecasts Due to China’s Slowdown
Goldman Sachs, one of the world's leading financial institutions, recently made a major revision to its copper market forecasts, signalling a change in strategy to reflect economic uncertainties related to China. This article analyses the reasons behind this decision,...