While gold has received much of the credit in helping drive the TSX to new heights over the past year, another metal appears to be shining just as bright for investors. Silver prices recently breached the US$100 per ounce threshold for the first time as investor and industrial demand for the metal surges. “Since April of last year, the big …
Continue ReadingSibanye-Stillwater attracts the latest bout of buying by the world’s biggest asset manager. BlackRock, the world’s largest asset manager, has steadily increased its exposure to miners of platinum group metals (PGMs) in recent weeks as institutional investors feast on the sector’s wave of optimism. Sibanye-Stillwater on Wednesday said the US-based fund manager had increased its stake to just more than …
Continue ReadingCiti warned of growing risks in commodities markets, as copper prices surged this week despite what analysts see as weak fundamentals, while oil and gold markets reacted to heightened tension in the Middle East. In a note first published on Thursday, Tom Mulqueen, Citi’s head of metals research, said copper could rise as high as $15,000-$16,000/t in the coming weeks, …
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