Cobalt bulls advised to buy on dips

MINEX Forum | May 21, 2018
img0 Analysts at Citi Research are optimistic on the outlook for cobalt. In a commodities outlook report dated May 14, 2018, Citi Research said Cobalt prices are set to rise by a further 20% over the next two years on the back of a sustained deficit market and anticipated stock building on the back of high ...

Russia and China share a common interest in global commodity trading

MINEX Forum | April 3, 2018
img0 Last Monday, the Shanghai International Energy Exchange launched the first futures contract for crude oil priced in Chinese yuan. It’s a major step forward in the process of international de-dollarization. Now Chinese and other international traders can buy and sell the world’s most important commodity in a liquid market without using U.S. dollars. The “petro dollar” now ...

Rothschild pitches idea of pre-IPO sales for Kazakh privatisations

MINEX Forum | March 28, 2018
img0 Rothschild, which advises the Kazakh central bank, has recommended that the country’s privatisation programme include pre-sales to strategic investors before shares are put on the market. Oil-rich Kazakhstan, hard hit by the fall in global crude prices LCOc1, has embarked on an ambitious privatisation drive to sharply cut the state’s role in the economy by ...

Kaz Minerals sets higher output targets for 2018 as profits jump

MINEX Forum | March 26, 2018
img0 Kazakhstan-focused Kaz Minerals on Thursday reported a jump in 2017 sales and production as its main mines ramped up and said it expected its 2018 output to rise as much as 16 percent. The London-listed miner, which mainly mines copper and gold, said 2017 earnings before interest, taxes, depreciation and amortization (EBITDA) excluding special items ...

Electric vehicles, higher prices to boost global copper output — report

MINEX FORUM | March 20, 2018
img0 The expansion of El Teniente mine, part of an ambitious, $22 billion multi-year investment drive at Codelco to open new projects and revamp older ones, has been repeatedly delayed by geo-technical issues. (Image: Codelco | Flickr.) Global copper production will spike over the next decade as rising prices and increasing demand from the electric vehicles sector ...