Metals & Mining

Glencore: An outlook for the world’s largest commodity producer

Rajinder Dhesi This week the commodities giant Glencore announced pre-tax earnings of $14.7 billion for 2017, a 44% rise compared to the previous twelve-month period. Its share price has subsequently risen by up 22% to 399.3 pence (21st February 2018). There are several reasons for this strong performance. First, and perhaps most significantly, the renewable…

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The digital Gold Standard?

Richard Holland Amongst the backdrop of Bitcoin and cryptocurrencies, a London-based FinTech company has teamed up with Lloyds Banking Group and MasterCard to bring the world’s oldest currency back into the digital age: gold. In November 2017, Glint launched its multi-currency account, app and card that allows customers to use gold to buy goods and…

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Gold outlook for 2018

Veronika Tomilina The price of gold has fallen in recent weeks from highs of around $1360 towards the end of January. In this article I will discuss whether this downward trend will continue, and also consider the main factors that will influence gold price in 2018. 2018 is promising to have multiple rate hikes by…

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Copper: time to be taken seriously

Alexander Le Grys After a brilliant year for copper, 2018 so far has not matched the upward trend experienced in 2017. On 28th December copper reached its highest price in almost 4 years, and a 30% increment on the previous year. Copper has had a poorer performance in January though, sinking below $7,000 a tonne…

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If the cryptocurrency bubble bursts, could gold once again be king?

Rajinder Dhesi Bitcoin is undergoing a steep decline in value; last week, the leading cryptocurrency lost 50% of its value compared to its 2017 peak ($19,783 on December 17th). The wider cryptocurrency market has been bearish, with Ethereum, Ripple and Litecoin all experiencing double-digit losses compared to their peak values last year. Meanwhile, gold is…

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Is Gold losing its shine?

Alexander Le Grys The price of gold rose 0.2% to settle at $1,280.25 per troy ounce (oz t)  this week in New York, and with little fluctuation occurring in 2017, some suggest this precious metal has stagnated. The price has remained within the $1250-1350 range since April 2016, except in December 2016 following a surge…

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Zinc- Time to buy? Have a think

Aiden Jackson It certainly appears that zinc is the only bull in the commodities sector as prices surged to a 3 month high of $1715 per metric tonne as markets closed on Friday. The metal, commonly used for galvanizing of iron or to form brass, is showing some signs of a comeback after heavy falls…

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Won’t stop surging: Would I Li to you?

Nicholas Ogilvie In a recent report, Citi bank stated that it expected to see 1.04 million electric cars in production by 2020, a sevenfold increase on current production rates. The golden commodity required for electric vehicles and, more importantly, the batteries running these vehicles is lithium. Although diverse, the dominating market for lithium is batteries,…

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Six year low in copper prices – China responsible?

Aidan Jackson Copper prices have continued to fall to $2.13/lb, a six and a half year low as the commodities slump shows no sign of ceasing. The cost of the dollar traded asset is by no means helped through the growing strength of the American currency, as oil production begins to stabilise and hints that…

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