Analysts estimate that copper demand from energy transition sectors will grow at a CAGR of 10.7%, with the EV sector alone driving a 14.3% increase, solar power 5.6%, and wind applications 9.3%. Overall, the demand for copper is projected to grow at a CAGR of 2.6% through 2034.
Source – Stock News
Sales of gold coins and minted bars rose to 25,103 ounces in February, up 35% from January. On a year-on-year basis, they were down 47%.
Silver product sales increased to 482,451 ounces in February.
“It is heartening to see the increase in sales on January levels given precious metals prices remain at record highs,” said Neil Vance, Perth Mint’s general manager of minted products.
Source – Reuters
“Investors around the world have started the year looking for protection against sticky and potentially rising inflation, fiscal debt worries and the unpredictability of Trump,” said Ole Hansen, head of commodities strategy at Saxo Bank.
“The market is sleepwalking into a squeeze right now,” Daniel Ghali, senior commodity strategist at TD Securities, said in an interview. “People are completely disregarding this risk.”
Source – Bloomberg / Yahoo Finance
Goldman Sachs is tipping a continued rise in Newmont’s share price with a target for its New York listed shares set at $47.20, up 17% on last sales at $40.23 while the company’s Australian listed shares are forecast to rise from A$64.80 to A$76.20.
Strong central bank demand is expected to continue lifting the gold price towards $3000 an ounce from its current $2670/oz, according to Goldman Sachs
“We expect our Australian gold coverage is set for a growing cash harvest over the next 12-months as price increases outweigh cost escalations, supporting further balance sheet strength, growing capital returns and prospective merger and acquisition activity,” Goldman Sachs said.
Source – Forbes
Harvesting (in finance), also known as an exit or liquidity event, is the act of cashing out of an ownership position in a company.
Gold prices edged lower on Thursday, weighed down by easing geopolitical tensions in the Middle East and continued uncertainty over the Federal Reserve’s interest rate trajectory.
Spot gold fell 0.5% to $3,316.47 per ounce, as of 0933 a.m. EDT (1333 GMT). U.S. gold futures slipped 0.4% to $3,329.20.
Palladium lost 2.5% to $1,084.41. Platinum climbed to its highest level since September 2014, adding 1.7% to $1,377.62.
Spot silver was up 0.2% to $36.39.
Source – Reuters
In tribute to these technological advances and in recognition of Israel’s 77th anniversary, Israel Coins & Medals Corp. has commissioned the Holy Land Mint for special coins. These issues are recognized by the Bank of Israel as legal tender.
Obverse features include the Israel State Emblem, “Israel” in English, Hebrew and Arabic, “Independence Day 2025” in English and Hebrew, face value and Mint mark. To the right, circular and linear shapes symbolize Artificial Intelligence.
Three different denominations are being produced, each with the similar designs. The Prooflike 1-New-Israel-Shekel piece is 30 millimeters in diameter and composed of .925 fine silver, weighing 14.4 grams. Its maximum issue size is 1,800 pieces.
Source – Coin World
China, the biggest steel maker, is not a top direct exporter of steel to the U.S. but Trump said that China’s exports had forced others to ship more to the U.S., while rising imports “support a conclusion” of transshipment or processing of steel products via third party countries into the U.S.
“Today is a great day for the U.S. aluminum industry,” said Mark Duffy, president of the APAA.
“Unfair trade practices have devastated the domestic aluminum industry and President Trump’s actions today will protect thousands of American workers and their families.”
Source – Reuters