Category: Markets

Several Metals Rise to Fresh Highs

Copper, cobalt and palladium continued their upward march last month. During February, copper prices climbed 17.5% to $9,198 per metric ton (mt) or $4.18/lb from $7,827/mt or $3.56/lb. This was the largest monthly gain for...

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Potash Prices Move Higher

Prices for potash, which is used as a fertilizer, plummeted with the COVID-19 disruption in 2020. The market is now tightening and spot prices are increasing from recent three-year lows. While they have a long way to go before...

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Metal Prices Finish Strong

By Steve Fiscor, Editor-in-Chief As the world says good riddance to 2020, it’s worth noting that metal prices were looking like they would finish the year on a high note. With the exception of gold and cobalt, which were down...

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Rhodium’s Meteoric Rise

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...

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Rhodium’s Meteoric Rise

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...

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Copper and Iron Ore Hit New Highs

Gold 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...

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Gold Closes at Its Highest Level Ever

Precious 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,...

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Diamond Sales Poised for Recovery

By 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...

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Demand Slows as Gold Prices Climb

May 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...

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Metal Prices Decline Amid Uncertainty

By 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...

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