Silver (XAG/USD) Outlook: From record highs to a prolonged correction

After the stellar start of 2026 for the precious metal, silver remains subdued around $60 as high yields and dollar pressure the outlook. Silver has experienced a remarkable reversal in 2026. Prices surged above $120 in late January, supported by strong investment demand, tight physical supply and growing enthusiasm around precious metals. The rally was particularly aggressive compared with gold, …

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Nickel shortage forecast flips to surplus

The global nickel market is heading for another surplus this year, reversing an earlier forecast for a shortage, the International Nickel Study Group says. Production is forecast at 3.87 million tonnes against demand of 3.85 million tonnes in 2026, leaving a 19,000-tonne surplus. The excess is expected to widen to 70,000 tonnes next year, the Lisbon-based intergovernmental body said in …

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China’s Rare Earth Strategy and the Future of the South China Sea

The rise of seabed mining will add new complexity to the South China Sea disputes. In August 2026, Japan and the United States worked together to explore extracting rare-earth-rich mud from the seabed near Minamitorishima. It offered a glimpse into the next phase of critical minerals competition. The race for rare earths is no longer confined to land mines and …

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