Metals Data Response South Africa’s Mine Production (Mar.) South Africa’s PGMs production rebounded in March, having fallen sharply in the first two months of the year, suggesting that mining firms have been enticed to raise output in response to higher... 12th May 2016 · 1 min read
Precious Metals Update How much of a threat are electric cars to PGMs demand? Electric vehicles have been the subject of much publicity recently, leading some commentators to question the future of PGMs in the auto industry. While we recognise the growing importance of electric... 10th May 2016 · 1 min read
Metals Chart Pack Precious metals rally on dollar weakness Precious metals prices rallied in April, flattered by the recent dollar weakness. We have been positive on the outlook for precious metals since the start of the year owing to the prospect of lower... 6th May 2016 · 1 min read
Precious Metals Update Is the recent rally in PGM prices sustainable? The recent rally in platinum group metals (PGM) prices has been stronger than we had anticipated and may not be sustainable. Indeed, prices have already retraced slightly from their recent peak of a... 4th May 2016 · 1 min read
Commodities Chart Pack It’s all about the dollar Commodity prices rose again in April on a combination of persistent weakness in the US dollar and investor optimism about a recovery in Chinese demand. While our long-held view has been that... 3rd May 2016 · 1 min read
Commodities Outlook Medium-term prospects remain bright The recent rebounds in many commodity prices have been stronger than even we had anticipated and may be premature. We would not therefore be surprised – or that worried – to see some temporary pull... 29th April 2016 · 1 min read
Metals Watch Autocatalyst demand to boost PGM prices In other publications we have addressed at length how falling mine supply should boost platinum group metals (PGMs) prices. But this is only part of the story. Developments on the demand side are... 26th April 2016 · 1 min read
Metals Data Response China and India’s gold imports (Mar.) Gold imports by both China and India slumped in the first quarter. While imports have been undeniably weak so far in 2016, we expect buying to pick up later in the year in part due to the release of... 26th April 2016 · 1 min read
Commodities Weekly Investor enthusiasm drives prices higher The prices of almost all commodities have risen this week, fuelled by the ongoing improvement in investor sentiment and renewed weakness in the US dollar. The rally in oil prices was perhaps somewhat... 22nd April 2016 · 1 min read
Precious Metals Update China’s PGM imports point to strong demand in Q1 China’s imports of palladium and platinum were up strongly in the first quarter as the tax break on small cars and relatively low prices stimulated demand for PGMs in the local market. Looking ahead... 21st April 2016 · 1 min read
Commodities Update Prices rebound in April Having wobbled in late March, most commodity prices have rebounded of late. Stronger economic data for March out of China has assuaged some concerns about demand and more than offset the negative... 19th April 2016 · 1 min read
Precious Metals Update Silver playing catch-up with gold After lagging behind for the past year, the price of silver is finally catching up with that of gold, moving towards our year-end forecast of $19.5 per ounce. Its higher industrial profile, coupled... 19th April 2016 · 1 min read
Precious Metals Update Mine supply to tighten across all precious metals Tightening mine supply is one of several factors behind our positive view on precious metals prices this year. Admittedly, for some metals like gold, mine production represents only a small fraction... 15th April 2016 · 1 min read
Metals Data Response South Africa’s Mine Production (Feb.) South Africa’s PGM production fell sharply in February for the second consecutive month, suggesting that mining firms are finally cutting output in response to lower prices. Looking ahead, wages are... 14th April 2016 · 1 min read
Commodities Update A strong quarter for China’s industrial commodity imports China’s commodity import volumes rose in March, rounding off a strong quarter for import demand. However, local stocks have been building, suggesting that we will need to see a pick-up in activity if... 13th April 2016 · 1 min read
