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Metals & Mining Commodity Reports

Metals: buyers and sellers to play a waiting game

London, 26 February 2015

There will be weak momentum in the metals deals market in 2015 according to a new report from PwC. The report,Metals Deals: Forging ahead, predicts that, as in 2014, the lack of convincing, strong and sustainable growth in the global economy will keep metals deals in a low gear, or even stalling in some parts of the world. 

Read more: Metals: buyers and sellers to play a waiting game

Renewable energy and mining

London 24 February 2015

This February, two major announcements triggered huge interest in the topic of renewable energy and mining. Sandfire Resources have declared their intention to build a 10.6MW PV plant at their DeGrussa copper mine in Western Australia. The project would be approximately 10 times as big as the largest existing solar–diesel hybrid power plant in the mining sector. Just a week later, South African-focused Sibanye Gold announced plans to build a 150MW solar plant to gain control over their energy costs, which make up 20% of their total costs. It can be expected that this is only one step in a major shift toward renewable energy application in the mining sector.

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Iron ore market to remain oversupplied in 2015

Houston, 9 February 2015

With January witnessing the price of iron ore falling to its lowest levels since May 2009, Roger Emslie,  Principal Metals & Mining Consultant for Wood Mackenzie says there is little to suggest the picture is likely to pick up in 2015 with demand set to remain "slower not lower" and therefore prices will remain low for longer.

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China's Steel exports to remain strong after record year

London, 3 February 2015

Customs data shows total Chinese exports of steel products, last year, reached an “all-time” high figure of almost 94 million tonnes. This equates to a year-on-year increase of more than 50 percent. To put the latest figures into context, Chinese steel exports in 2014 were equivalent to 90 percent of the total output from the world’s second largest producing nation – Japan, over the same period - MEPS International.

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2015 LBMA Forecast Survey

London, January 2015

A record thirty five analysts representing thirty one different companies participated in the LBMA's 2015 Forecast Survey. Contributors are forecasting that average gold prices will remain broadly flat, a modest increase in the silver price and a slightly more bullish outlook for both platinum and palladium. 

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Report shows Silver out-performing other asset classes

London, 10 December 2014

Silver’s price has risen nine-fold since 1970 and has out-performed gold since 2009: A landmark report by the Centre of Economics and Business Research (Cebr) on behalf of CoinInvest.com and its sister company Silver-to-go reveals that silver has heavily outperformed most other asset classes since 2000.

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Global steel price hits 6-month low

London, 27 November 2014

According to MEPS, despite relatively healthy demand, US flat product transaction values have continued to slip over the last month, mainly as a result of cheaper raw materials and import pressure. High prices in North America have attracted a great deal of interest from steelmakers elsewhere in the world. Imports are at historically high levels. Domestic mill delivery lead times have shortened. Service centres report that sales have already slowed as we head into December. Their inventories are adequate to high. However, they are anticipating robust demand in 2015, with many projects about to come on stream.

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Thomson Reuters releases Interim Silver Market Review

New York, 18 November 2014

At the Annual Silver Industry Dinner organized by the Silver Institute, Andrew Leyland, Manager, Precious Metals Demand in the GFMS team at Thomson Reuters, presented the Interim Silver Market Review. This Review included Thomson Reuters’ provisional supply and demand forecasts for 2014. The following details some of the highlights from the report.

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Platinum industry launches World Platinum Investment Council

London, 18 November 2014

Six of the world’s leading platinum producers announce the launch of a new industry entity, the World Platinum Investment Council (WPIC), which will work to develop the global market for platinum investment.

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Platts China Steel Sentiment Index Falls to Record Low

Beijing, 11 November 2014

Chinese steel market participants expect steel demand to weaken further this year, with the outlook for new export orders dropping dramatically, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a headline reading of 25.61 out of a possible 100 points in November.

Read more: Platts China Steel Sentiment Index Falls to Record Low