Investors poured a record amount of money into gold-backed exchange-traded funds (ETFs) last quarter even as bullion suffered its sharpest monthly drop of the year, underscoring an unusual split between ETF investors and futures traders. Global gold ETFs attracted $10 billion (C$14.3 billion) in September, lifting third-quarter inflows to a record $31 billion, the World Gold Council said Wednesday. Holdings …
Continue ReadingCopper and nickel prices could double over the next decade, driven by the demand in construction, energy transition and electrification, a new report by global financial services firm Coface suggests. Aluminum, copper and nickel could face supply deficits averaging around 10% of demand by 2035 as miners struggle to bring enough new production online. Coface’s industrial metals report is based …
Continue ReadingChina has historically been a significant net importer of refined zinc, but that looks set to change this year. Exports surged to 40 668 tons in August, the second-highest monthly tally in almost 20 years, according to the World Bureau of Metal Statistics, which collects data from official customs figures. With imports slowing to a trickle, the country was already …
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