Gold, the less volatile of the two assets, has been assigned a higher weighting of 81.5% at launch, while Bitcoin has an 18.5% weighting. Many market participants are still wary of Bitcoin’s suitability as a potential hedge for inflation, especially in light of the cryptocurrency’s negatively trending correlation with gold. A small open-ended unit trust […]
In broad terms, carbon markets connect entities that generate carbon emissions with entities that have a surplus of carbon reduction. Why is this necessary? Energy-intensive industries can be tough, or even impossible, to fully decarbonise with current technologies. In our view, offsets can work effectively as a tool in the decarbonisation toolbox, but it is […]
“On the supply side, some Chinese lithium producers are in maintenance and are being shut down in January or during Beijing Winter Olympics,” the document reads. Fastmarkets’ assessment of lithium carbonate 99.5% Li2CO3 min, battery grade, spot price ddp Europe and US was $34-36 per kilogram on Thursday, up by $2 per kg from $32-34 […]
That’s because China is tapping the brakes on steelmaking in a bid to contain pollution and energy consumption. Vale, the biggest iron-ore supplier after Rio Tinto Group, is in talks to set up partnerships with mills worldwide to develop solutions to clean up the steelmaking process. …Read the full story
Benjamin Franklin, one of the founding fathers of the US, once said that “energy and persistence conquer all things”. The various Inga hydropower projects have been a dream of development planners for decades. The various projects have the potential to dwarf the vast Three Gorges Dam hydro scheme in China, which has an installed capacity […]
As a result of greater energy transition, Fitch forecasts green copper as a percentage of total copper demand to rise from approximately 5.6% in 2021 to 15.7% in 2030. The renewables sector will account for the strongest green copper demand growth over our forecast period, Fitch says, as it is 12 times more copper intensive […]
The battery sector is also seen as a major nickel consumer in the years to come, accounting for almost 60% of nickel demand growth out to 2040. If LFP’s share is greater than we forecast, the need for new nickel capacity will be lower in the long run,” the analysis reads. CRU points out that, […]
“I put us starting in late 2022,” Bullard added, referring to interest-rate projections published Wednesday by the US central bank after a two-day policy meeting. “Absent inflation expectations threatening to become unanchored —with the Fed unwilling or unable to calm things — gold will struggle to return to a bull market,” strategists from Macquarie Group […]
Furthermore, there are many other ways of making steel that would constitute various shades of environmental impact ; this article proposes how to classify and define them. However, within this context, Green Steel is the result that is part of a wider industrial transition to decarbonize the process of future steel producers and by extension […]
Meanwhile, bond market expectations for the pace of inflation over the coming half decade surged earlier in the week to the highest since 2006. …Read the full story
Fitch’s report says steel and iron ore demand – and therefore zinc demand – is likely to slow over the years and to record the most subdued growth among metals. Digitalization and modernization initiatives in the infrastructure sector such as China’s ‘New Infrastructure’ plan, along with decarbonization of the manufacturing sector, are likely to require […]
The legislation, passed late on Thursday, allows the government to run Kumtor for up to three months. Centerra has said the 2009 restated project agreements which govern the Kumtor mine contained a specific tax and fiscal regime. The company is also facing a civil suit against the operation, requesting that its past practice of placing […]
Fitch forecasts green hydrogen production will rapidly accelerate and gain increasing market share at the expense of traditional grey hydrogen, rising from less than 1% of current global market supply to a forecast 10% by 2030. Many major oil and gas companies, particularly European firms such as Equinor, Shell, Total, Repsol, ENI and BP, will […]
Despite a major power outage in February and some freezing of some mill infrastructure, the Red Chris mine had first quarter 2021 production of 15.9 million lb. On March 31, 2021, Newcrest reported total resources of 980 million measured and indicated tonnes at 0.38% copper and 0.41 g/t gold. The construction of the portal and […]
In the analyst’s view, a significant number of commodities will enjoy strong demand growth on a 20-year horizon and can be dubbed the ‘Commodities of the Future’. …Read the full story
Should it close at its intraday high of $1,746.70, it would be the highest close in nearly six weeks. In the meantime, treasury yields edged down from a recent high, increasing the allure of bullion, which yields no interest. “Now, bullion could have new tailwinds ahead. …Read the full story
