Environmentalists Have Turned On The Lithium Industry

Environmentalists Have Turned On The Lithium Industry

The world is preparing for a lithium boom, mainly due to the anticipated increase in EV production and uptake over the coming decades. Several celebrities and tech billionaires are backing lithium mining in a bid to support a green transition. In addition, many countries are rapidly developing their mining capabilities to establish their place in … Read more

Copper Prices Plummet To Lowest Levels Since 2020

Copper Prices Plummet To Lowest Levels Since 2020

Copper price action continues to show massive bear trends and signals further declines. The continuous breakdown of short-term trading ranges fosters a volatile market. This leaves industrial buyers at risk of inventory value fluctuations. Spike in COVID Cases Puts China’s Recovery in Limbo and Affects Copper Prices The highly infectious BA.5.2 sub-variant of the coronavirus … Read more

Goldman Sachs: Upside Risk In Oil Is “Tremendously High”

Goldman Sachs: Upside Risk In Oil Is “Tremendously High”

Goldman Sachs continues to be very bullish on energy and believes that the upside risk in crude oil and refined products “is tremendously high right now,” Jeffrey Currie, global head of commodities research at Goldman Sachs, told CNBC’s Squawk Box on Monday. The recent pullback in oil prices could be a buying opportunity because prices … Read more

New Study Suggests That a Young Jupiter Gobbled Up Plenty of Planetesimals

New Study Suggests That a Young Jupiter Gobbled Up Plenty of Planetesimals

Jupiter is composed almost entirely of hydrogen and helium. The amounts of each closely conform to the theoretical quantities in the primordial solar nebula. But it also contains other heavier elements, which astronomers call metals. Even though metals are a small component of Jupiter, their presence and distribution tell astronomers a lot. According to a … Read more

Here’s what Goldman Sachs sees as the next big there-is-no-alternative-trade

Here’s what Goldman Sachs sees as the next big there-is-no-alternative-trade

The last trading day of May is being marked by weakness in stocks and surging crude prices, climbing after the EU hammered out a partial ban on Russian oil imports after that country’s invasion of Ukraine four months ago. That brings us to our call of the day from Goldman Sachs, who sees a budding … Read more

Gold is an ‘ideal’ asset right now but why isn’t the price higher? Fidelity weighs in

Gold is an ‘ideal’ asset right now but why isn’t the price higher?  Fidelity weighs in

(Kitco News) Even though gold seems like an “ideal” asset to own right now, why hasn’t its price made “a big splash” yet? Here’s what Fidelity International has to say about gold’s latent reaction. Gold failed to deliver a big rally of sustained trading above $2,000 an ounce this year. But all the precious metal … Read more

As gold price eyes $2,000 again, its ‘big test’ is yet to come, says MKS

As gold price eyes ,000 again, its ‘big test’ is yet to come, says MKS

(Kitco News) Hotter-than-expected inflation data kept gold in demand as prices breached the $1,980 an ounce level. But, the precious metal’s “big test” is yet to come, according to MKS PAMP Group. Markets are digesting inflation accelerating to new four-decade highs in March after rising 8.5% from a year earlier. On top of that, the … Read more

America Desperately Needs To Scale Up Battery Metal Production

America Desperately Needs To Scale Up Battery Metal Production

HAS recent white paper has laid out some of the challenges in supplying minerals for any energy transition from fossil fuels, offering a timely warning for policymakers as the increased demand for electric vehicles (EVs) drives up the costs of materials used in such products. Notably, the benchmark prices of lithiumlithium carbonate, and lithium hydroxide … Read more