Russian VTB: gold demand might make a recovery

MINEX FORUM | August 14, 2017
img0 Bullion could rise to $1 360/oz within three months before climbing higher, fuelled by global political risks and buying from China and India, said Evgeny Ananiev at VTB Capital JSC, the investment-banking unit of Russia’s second-largest lender VTB Group. “We may see some correction, but I don’t think gold will drop below $1 200 as it’s well supported,” he said in a weekend interview in Goa. ...

Glencore transforms business to meet electric vehicle demand

MINEX FORUM | August 11, 2017
img0 Miner and commodities trader Glencore (LON:GLEN) raised its revenue and profit outlook for the year on Thursday with the Swiss company citing the fast-growing electric vehicle market as a key driver, said mining.com. “Most automotive players are now accelerating investment in/adoption of electric vehicle technologies, reflecting, in part, increasingly aggressive Government mandates around emission targets. Growth ...

Electric vehicles to drive copper demand

MINEX FORUM | June 13, 2017
img0 The growing market for electric vehicles (EVs) will significantly impact demand for copper over the next decade, said mining.com with reference to new research commissioned by the International Copper Association(ICA). The study—Copper Intensity in the Electrification of Transport and the Integration of Energy Storage—was conducted by IDTechEx and provides new insight into copper’s essential role ...

Palladium prospects in the electric vehicles world

MINEX FORUM | May 25, 2017
img0 Image: kommersant.ru Palladium has been consistently one of the better-performing precious metals on the market, sometimes achieving higher price growth than gold and platinum. Its market price is on the rise again, but given its substantial reliance on the diesel car sector and the rise of electric vehicles and other disruptive technologies, could the value ...

Gold investments drove price and demand growth – WGC

MINEX FORUM | February 3, 2017
img0 Image: inzoloto.ru World Gold Council published its report “Gold Demand Trends”. A four-year high in investment drove price gains and demand growth. 2016 full-year gold demand gained 2% to reach a 3-year high of 4,308.7t. Annual inflows into ETFs reached 531.9t, the second highest on record. Declines in jewellery and central bank purchases offset this growth. ...