Nickel Industries is strengthening its position as a major global nickel resource holder through strategic acquisitions in Indonesia. In August 2024, the company acquired the Sampala project and a 51% stake in the Siduarsi project, amid a severe nickel ore shortage in Indonesia. This shortage has driven a 45% increase in local nickel prices since...
READ MOREDuring the Asian market session, spot gold experienced a sudden and sharp decline, briefly falling to $2,724.64 per ounce, hitting an intraday low. According to FXStreet analyst Christian Borjon Valencia, technical analysis of gold indicates potential signs of weakness. Gold prices closed nearly unchanged on Monday, with investors awaiting the outcome of the U.S. election...
READ MOREThe lithium market has entered a period of declining prices due to weaker demand conditions and an oversupply of lithium carbonate in key regions. In October, seaborne lithium carbonate prices in Asia dropped by 3.8%, settling at around $10,000 per metric ton, according to S&P Global Commodity Insights. This drop is attributed to the seasonal...
READ MORECopper, the third most used metal globally, is crucial for the energy transition, particularly in electrification and renewable energy applications. Recent developments, including China’s stimulus measures, have led to significant volatility in copper prices, adding uncertainty to the metal’s future. China’s economic actions have been a major driver of this volatility. Copper futures are actively...
READ MOREOn Tuesday, October 22, spot silver prices surged by over 3%, reaching a new 12-year high. Silver hit $34.86 per ounce during the session, closing at $34.847 per ounce, the highest price recorded since late 2012. This price increase comes amid broader risk aversion in global markets, even as US Treasury yields continue to rise....
READ MORENickel prices are expected to remain under pressure as the market struggles with a substantial surplus and new supply prospects. Analysts point to the recent discovery of nickel at the Wedei prospect in Papua New Guinea (PNG), which has contributed to the challenging market conditions by increasing production and exacerbating oversupply concerns. “Our nickel price...
READ MOREBase metal prices gained momentum on Monday, with the London Metal Exchange (LME) three-month copper price rising by 0.7% to $9,627.50 per metric ton. Aluminum also experienced an increase, with the LME three-month aluminum price climbing 1.7% to $2,638.50 per ton. According to analysts at Commerzbank, Chinese copper demand during the first eight months of...
READ MORE
