Articles for tag: climb, Copper, prices, reprieve, tariff, traders

April 26, 2025

Ron Finklestien

mining

“Copper Prices Surge Amid Tariff Relief for Traders”

Copper Prices Rise as Trump Delays Tariffs on Electronics Copper prices increased on Monday following U.S. President Donald Trump’s decision to grant exemptions from tariffs on certain products, enhancing market sentiment. On Friday, Trump halted import levies on a range of consumer electronics, including smartphones and memory chips. However, by Sunday, he indicated plans to impose different, targeted tariffs on popular electronics like phones and computers. In morning trading on the COMEX, copper for May delivery rose to $4.623 per pound ($10,171 per tonne). The London Metal Exchange reflected this trend, with the red metal trading 0.5% higher at $9,195

January 5, 2025

Ron Finklestien

mining

Gold Price Predictions: Key Factors to Watch in 2025

Gold Prices Projected to Rise Amid Changing Economic Landscape Investment trends significantly impact gold prices, influencing everything from mine production to scrap recovery and fabrication demand. Historic Investment Shifts In November 2000, CPM Group made a pivotal gold buy recommendation in its Gold Survey. They predicted a marked increase in investment demand: more investors and diverse global participants would seek to purchase more gold than ever before. Back then, gold prices were around $260 per ounce and were expected to soar past the 1980 high of $850 and remain elevated for many years. Before 1980, economic and political turmoil drove

February 8, 2024

Ron Finklestien

mining

Turning the Corner: The Resurgence of Industrial Commodity Prices Green shoots for copper, nickel, zinc, aluminium prices 

In a recent trading desk note, Marcus Garvey, head of Macquarie commodities strategy based in Singapore, and a team of analysts, brought forth compelling evidence of the industrial commodity sector’s revival. According to the note, the full set of PMIs for January, particularly the world manufacturing new orders which saw a 1.2pp increase to 49.8, marks a potential turning point for the global industrial cycle, bearing bullish implications for industrial commodities demand. Furthermore, expectations of a smaller reduction in US interest rates this year, as opposed to previous estimates, have bolstered the dollar and exerted downward pressure on metal prices

January 29, 2024

Ron Finklestien

mining

Albemarle Faces Layoffs Amid Weak Lithium Prices Albemarle Faces Layoffs Amid Weak Lithium Prices

Amid a surplus of 200,000 tonnes of lithium carbonate equivalent, comprising a staggering 17% of global demand, Goldman Sachs dauntlessly anticipates that this dismal scenario will prompt producers, predominantly those from Australia, to substantially curtail output to restore equilibrium in the market. The US-based lithium juggernaut recently divulged its contemplation on how to sustain growth, slash expenses, and streamline cash flow amidst the prevailing market adversities. This announcement was coupled with a projection of layoffs, and a decision to defer expenditure on various projects, including a colossal refinery endeavor in South Carolina. As reported on Monday, Albemarle’s workforce reduction has