Copper futures ticked higher today following a sharp decline in London Metal Exchange (LME) warehouse inventories, signaling tightening spot supply. Analysts attribute the drawdowns to sustained demand from green energy projects and power grid upgrades across Asia and Europe. Meanwhile, major South American producers report minor output disruptions due to…
Nickel prices rose on Monday after Indonesia announced further restrictions on ore exports, its latest move to encourage domestic processing of the battery metal. The policy change reduces the volume of ore permitted for export in the second half of 2026, tightening feedstock availability for smelters outside the country. Stainless…
Gold climbed to a record $2,650 an ounce on Thursday, extending a rally built on mounting expectations that the Federal Reserve will resume interest rate cuts before year-end. The move came after softer-than-expected U.S. jobs data reinforced bets that policymakers have room to ease further, reducing the opportunity cost of…
Lithium carbonate prices climbed for a third straight week, snapping a two-year slump, as June EV registrations in China came in well above analyst estimates. Battery-grade lithium carbonate in Shanghai traded near 92,000 yuan a tonne, up roughly 18% from May lows, as automakers restocked ahead of a seasonally strong…
Spot silver pushed above $40 an ounce for the first time in over a decade, extending a rally driven by surging demand from solar panel manufacturers and electronics makers. The Silver Institute estimates industrial consumption will exceed mine production by roughly 200 million ounces this year, marking a fifth consecutive…
Platinum prices extended their advance to a fresh three-year high, supported by growing use of the metal in hydrogen fuel cells even as demand from traditional catalytic converters softens. The World Platinum Investment Council flagged a widening supply deficit, with South African output still below pre-pandemic levels due to persistent…
Spot gold climbed to an all-time high of $3,650 an ounce, extending a rally that has added more than 20% to prices this year as central banks continue to diversify reserves away from the dollar. World Gold Council data show official sector purchases topped 290 tonnes in the first half…
Iron ore prices on the Singapore Exchange dropped below $95 per tonne, hitting their lowest level in 11 months as Beijing’s renewed mandate to cap 2026 crude steel output undermines demand from the world’s largest consumer. Chinese mills cut hot metal output by an estimated 4% over the past month,…
Lithium carbonate prices jumped 12% over the past two weeks, climbing to roughly $16,800 per tonne as battery manufacturers race to secure feedstock for a wave of new electric vehicle and grid-storage capacity coming online in late 2026. Traders point to a combination of project delays in Argentina’s lithium triangle,…