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Global demand for iron ore will decline over the next 10 years due to falling consumption in China
Scottish energy research and consultancy firm Wood Mackenzie predicts that global demand for iron ore will decrease by 62m tonnes, or 3%, over the next 10 years due to reduced demand in China. As a result, mining investment will fall by 35% by 2033. China's iron ore...
Nickel: LME seeks to overcome crisis as traders return
The chief executive officer (Matthew Chamberlain) of the London Metal Exchange (LME) says he is optimistic that the exchange is beginning to overcome the nickel crisis that threatened to sink it. It has been a turbulent 19 months since Matthew Chamberlain reacted to a...
Gold: attack on Israel increases appeal for safe haven assets
The violence in Israel that erupted over the weekend is prompting investors to buy safe-haven assets as they assess the geopolitical risk weighing on markets. On Saturday, gunmen from the Palestinian group Hamas entered Israel in an unprecedented attack. Western...
Copper: Copper Study Group predicts a large supply surplus in 2024
The copper market will move from supply-demand balance in 2023 to a large supply surplus next year, the International Copper Study Group (ICSG) said after its meeting in Lisbon this week. Production is expected to exceed utilization by 467,000 metric tons in 2024, a...