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Gas: supply risks drive up European price as global steel production falls
Energy - Supply risks push up European gas prices European natural gas prices reached their highest level since January. TTF prices rose by 4.2 per cent yesterday to almost €34.76/MWh. This came after Austrian energy company OMV warned that there is a risk that...
Platinum: the metal will record its biggest deficit in ten years
Johnson Matthey said the platinum market will face its biggest supply deficit in 10 years in 2024, when shipments from Russia return to normal from last year's highs and industrial demand remains stable. The autocatalyst manufacturer added that it expects all platinum...
Gold: rally could reduce Indian demand to four-year lows
India's gold demand in the March quarter (Q1) was up 8 percent from a year ago, but recent price increases for the precious metal could reduce total consumption in 2024 to the lowest in four years. India's gold demand could be between 700 and 800 tons in 2024, with...
Gold: Turkey imposes a surcharge on some imports
Turkey has introduced a 20% surcharge on certain gold imports in an attempt to curb the negative impact on the current account balance. The decision states that gold imports from countries that do not have free trade agreements and are not part of the European Union...