Moly heads for 6th straight deficit, record prices: BMO
Molybdenum is on course for a sixth consecutive year of supply deficit in 2027, setting the stage for record prices as strong demand meets a limited pipeline of new production,…
Commodities Markets
Copper price gains as Chile strike threatens output
Copper prices climbed Thursday as a strike by more than 700 workers at Antofagasta’s (LSE: ANTO) Centinela mine in Chile raised concerns about production disruptions that could become more serious…
Ivanhoe copper jumps 19% as Kamoa-Kakula rebounds
Higher mining rates and improved underground access at the DRC mine lift quarterly output.
Gold ETF rush defies 8.5% gold price slide
Investors poured a record amount of money into gold-backed exchange-traded funds (ETFs) last quarter even as bullion suffered its sharpest monthly drop of the year, underscoring an unusual split between…
Silver shortage could flip to surplus in 2027: Deutsche
Rising silver inventories and declining industrial demand could trigger a supply glut as soon as next year, Deutsche Bank says in a new report. Spot prices for silver could average…
Pension funds use gold as bond hedge weakens
Gold is finding a durable place in some pension-fund portfolios as investors look for protection from inflation, market shocks and the weakening diversification benefits of bonds, according to the World…
Mining Forum: US needs Canada to break China’s minerals grip
COLORADO SPRINGS, Colo. – Washington’s hostility towards Canada threatens its effort to reduce dependence on Chinese minerals, former U.S. sanctions official Edward Fishman said Monday. The United States has the…
BHP’s Escondida restart eases tight copper supply woes
The mine halt, low Chinese inventories and an approaching holiday pause had left the copper market with little room for supply disruptions.
TD sees rhodium surplus ending four-year squeeze
Rhodium prices are poised to fall as weakening autocatalyst demand pushes the market into surplus next year, though exceptionally thin inventories leave the rare metal vulnerable to sharp supply-driven rallies,…
Rio Tinto to expand metals trading beyond own output
Rio Tinto (ASX, NYSE, LSE: RIO) plans to expand its metals trading business into third-party material and derivatives as chief executive Simon Trott seeks to squeeze more value from the…
Podcast: Copper tariff decision could trigger unwind, ft Bloomberg Intelligence’s Grant Sporre
This week’s episode features Grant Sporre, Global Head of Metals and Mining at Bloomberg Intelligence, in conversation with host Adrian Pocobelli on the copper market. Sporre examines the forces driving…
Potash miners drop as Trump floats Belarus deal
U.S. President Donald Trump said Monday the United States is working on a “massive” deal to buy potash from Belarus instead of Canada, raising questions about potential ramifications for fertilizer…