Morgan Stanley cuts gold price outlook by almost 10%
Analysts at Morgan Stanley have slashed their gold price forecast by almost 10% in the midst of what they view as a significant shift in the macroeconomic landscape. According to…
Commodities Markets
Lithium market to enter deficit until 2035: Canaccord
The global lithium market is set to enter a near-decade-long deficit as a lack of mine investment weighs on supply of the electric vehicle battery metal, according to investment bank…
Copper price: Goldman maintains year-end forecast, Traxys sees $15,000 per tonne
Copper held firm above the $13,200-a-tonne level on Wednesday amid elevated supply risks caused by the ongoing war in the Middle East and optimism over its demand. Prices briefly surpassed…
Gold price extends drop amid US-Iran uncertainty
Gold prices extended declines on Tuesday, as investors remained cautious over United States-Iran negotiations to end the near-two-month war that has intensified global inflation concerns. Spot gold fell more than…
China copper smelters hit record, space satellites show
Activity at copper smelters in China rose to an all-time high in March as buyers of the red metal increased purchases following a price slump, according to Earth-1, which monitors…
Mangrove opens Delta refinery to close lithium gap
Privately held Mangrove Lithium on Thursday opened North America’s first commercial electrochemical lithium refinery, adding a missing piece to Canada’s battery supply chain. The facility in Delta, about 30 km…
DRC boosts US copper sales fivefold to 500,000 tonnes
The Democratic Republic of Congo has raised planned copper sales to the United States to 500,000 tonnes through a state-backed marketing venture, marking a fivefold increase from its initial January…
Giant battery maker CATL sets $4.4B to expand mining
Contemporary Amperex Technology (CATL), one of the world’s largest battery makers, has earmarked $4.4 billion to push deeper into mining amid a global energy shock that has raised fears over…
Iran war, Indonesia curbs to support nickel price: report
War in Iran and output caps in Indonesia are expected to support nickel prices in 2026, though a persistent global oversupply will continue to limit gains, according to a new…
Prolonged Hormuz Strait closure would have ‘profound’ impact on mining: Friedland
Ivanhoe Mines (TSX: IVN) founder and co-chairman Robert Friedland is warning that a prolonged closure Strait of Hormuz would have a “profound” effect on global supply chains, hobbling copper producers…
China hikes rare earth prices by 45%
One of China’s biggest rare earth producers has hiked prices significantly, underscoring tightening market conditions and high geopolitical tensions in the midst of a raging conflict in the Middle East….
Gold price edges lower after failed US-Iran peace talks
Gold prices edged lower on Monday to a one-week low as inflation worries re-emerged following the collapse of the latest U.S.-Iran peace talks. Spot gold fell as much as 2.2%…