Rhodium prices rose during August and into early September, reaching a record $14,500 per ounce (oz) on September 15. The price cooled to $14,000/oz, but the rhodium market remains tight. Supply from South Africa, which accounts...
Read MoreGold prices pulled back a little during August, dropping 5.7% (or $117.20/ounce) to $1,946/oz from $2,063.20/oz. Silver and palladium, however, were able to sustain high levels of $27.56/oz and $2,263/oz, respectively. Platinum...
Read MorePrecious metals prices surged in July. During the last month, metal prices finished high across the board. Gold reached a new record high of $2,063.20 per ounce (oz) on August 6. While that was great news, silver was no slouch,...
Read MoreBy Gavin du Venage, African Editor In May, De Beers reported sales of just $35 million, compared to the $416 million it sold the same time last year. Worldwide, the five biggest mining companies are probably sitting on excess...
Read MoreIron ore prices were approaching $100 per dry metric ton (dmt) after Vale was forced to suspend operations as more of its miners contracted COVID-19. A Brazilian court issued an order to halt mining at the Itabira complex after...
Read MoreMay began with gold closing above $1,700 per ounce (oz). The high price and market lockdowns have led to a decline in physical demand for gold. According to Refinitiv, it fell to 753 metric tons (mt) in the first quarter — the...
Read MoreBy Steve Fiscor, Editor-in-Chief For months, this column has speculated on the possible impacts of the coronavirus (COVID-19) on the demand for mined commodities. During March, the disruptive forces aligned and the market began...
Read MoreBy Xinlin Chen The outbreak and subsequent spread of the coronavirus (COVID19) is fuelling uncertainty for all the base metals, including the aluminum market. The price for aluminum on the London Metal Exchange (LME) hit a...
Read MoreAfter it was diagnosed in late 2019 in Wuhan, China, the capital city of Hubei Province, the coronavirus quickly spread to other Chinese cities. The outbreak was declared a public health emergency by the World Health...
Read MoreBy Steve Fiscor, Editor-in-Chief The prices for metals dipped during 2019, but they finished strong for the most part. Base metals began to claw back lost ground at the end of the year when it seemed that the U.S. and China were...
Read MoreDuring the last month, palladium continued its steady march toward $2,000 per ounce (oz), while gold slipped below the $1,500/oz level. For December 4, the E&MJ Price Index is reporting a palladium price of $1,858/oz...
Read MoreNewly released 2019 global exploration budget data from S&P’s Corporate Exploration Strategies reveals that the industry recovery, which began in late 2016, faltered this year. The global nonferrous exploration budget is...
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