Commerzbank is a German bank that carries a fair amount of international clout. It is Germany’s largest lender, its second-largest bank by assets, and, more so than its beleaguered neighbor Deutsche Bank, enjoys a strong reputation around the world. Now, Commerzbank is unexpectedly scrapping its precious metals business to focus more on other departments of […]
Supply and demand are the essence of any market, and the precious metals are not excepted from this fact. This principle is particularly true of silver, however. More so than even gold, which has tremendous existing stockpiles that are frequently remelted (and endlessly loaned out), the price of silver is sensitive to disruptions in the mining industry.
The woes of Venezuela’s state-owned oil company PdVSA exploded onto the Washington, DC political scene this week, when doubts surfaced that it could meet a $2.2 billion bond payment due on April 12. Part of that total due last Wednesday included a payment on a $1.5 billion loan from Russian oil giant Rosneft. The Venezuelans […]
Unless someone is deeply involved in the commodities trade or some specialized industrial process, they are probably unaware of the market for the somewhat obscure metal rhodium. Although it is sometimes used to coat white gold or silver jewelry, rhodium’s primary usefulness is as a catalyst in automobile exhaust systems. Unsurprisingly, it is a Platinum Group […]
From the time that gold prices dropped following the U.S. elections to their recent lows under $1,200/oz, gold mining companies saw a promising year end on a sour note in 2016. Many of the industry’s biggest players have staged major turnarounds to start this year, however.
2017 is shaping up to be the sixth year in a row where lithium production has fallen short of demand. 175,000 metric tons of Lithium Carbonate Equivalent (LCE) was produced in 2016, compared to an estimated demand of 185,000 tons. With lithium metal prices tripling over the last three years, and electric vehicle (EV) sales […]
There is no doubt that the question of how to generate cheap, clean, and sustainable energy will be one of the most pressing challenges for this generation of entrepreneurs and innovators. In the wake of the plunge and fluctuations of crude oil prices the past two years, much has been made of the attractiveness of […]
Could you ever imagine someone throwing away a commodity as valuable as gold? As difficult as it may be to believe, people are literally flushing millions of dollars worth of gold down the drain each year! It begs a rather strange pair of questions: How much lost gold is really hidden in our sewer systems? […]
A great deal of news coverage has focused on the legislative war that the Indian government has engaged in against its domestic gold market, especially over the past two years. The unpopular effort seems to finally be having a noticeable impact, however, according to the latest data on gold smuggling from India’s Ministry of Finance.
As 2016 nears the end of the year, it’s a good opportunity to review some of the recent headlines in the precious metals mining sector.
When a 15-foot metal cylinder plummets from the sky and crash lands somewhere, you can hardly blame people for feeling a bit like Chicken Little: Is the sky falling? This is essentially what happened in Myanmar (formerly called Burma) last week in one of the stranger international news stories in recent memory.
Donald Trump’s victory in the US Presidential election has been the greatest global disruption of the year, far surpassing the Brexit vote in the UK. The general consensus is that he is committed to the largest deficit spending campaign in decades, which has thrown markets into a massive realignment. Two markets that will be the […]
Platinum shares a kinship with silver in that both metals are simultaneously industrial metals and precious metals. This creates interesting dynamics in the supply and demand for platinum in ways that differ from gold.
In a move that has certainly grabbed the headlines, General Electric (GE) has agreed to combine its energy division with the oilfield services firm Baker Hughes (BHI). The merger creates the second-largest oil and gas company in the world.
In the world’s top exporter of the precious stone jade, Myanmar (formerly known as Burma), a startling discovery was made by a mining company in conjunction with the country’s Ministry of Mining.
Chatter in the oil market has been dominated by next week’s meeting in Algiers by OPEC oil ministers, along with Russian officials. The Algiers oil talks will center on hammering out differences in each nation’s stance regarding implementing a global freeze on oil production.
We love to hear about people finding gold nuggets with metal detectors. These kinds of stories often appeal to our sense of adventure and, frankly, are fun to report on! While treasure hunting and metal detecting are very popular and rewarding hobbies, not everybody has the time or means to go out searching for buried […]
Oil traders and energy companies are reeling from news that the global oil glut will last longer than previously thought. A one-two punch of increasing non-OPEC supply, combined with slowing demand in Asia, has economists rethinking the sunny forecasts they were issuing only last week. This leads to the question: How much longer will the […]
Among many other more important factors, one of the precursors to the financial crisis was the lifting of a long-standing legislative prohibition on investment banks simultaneously operating as commercial banks, and vice versa. Since the passage of the Glass-Steagall Act (1933) during the time of FDR and the New Deal, these two functions were kept […]
Oil traders originally cheered the news that OPEC members will meet informally this month while attending the International Energy Forum conference in Algiers. That enthusiasm has now waned, as the oil market reacts skeptically to recent soundbites from various oil ministers. Remembering how hopes were dashed this past April when the Saudis suddenly scuttled an […]