Gold Breaks Psychological Barrier Of $1,300/oz
The investor demand for gold as a safe haven asset in 2016 has been well documented with the yellow metal up around 30% so far this year. Gold has recently broken through the psychologically important barrier of $1300/oz and is still finding overall bidding interest despite the slight declines in the price during the last […]
Iran Considers African Bauxite Deposits for Alumina Industry
Overview Based in Iran, our client had invested in a bauxite deposit in Africa. The client had proposed developing an alumina refinery and aluminium deposit in Iran. The report constituted a review of the company’s previous feasibility study and set out to determine whether there may be alternative sources of bauxite available to our client […]
Understanding The Portnex/Zimasco Relationship
Unfortunately when it comes to understanding what is going on in Zimbabwe, discerning what is fact is always challenging. We have therefore sought the correct story from Zimasco and feel that it is necessary to share this with our clients so as to better understand the market situation. As part of its strategy to sweat […]
Zinc Prices Rebound: Vedanta Takes The Gamble
We draw attention to Zinc and its steady rise to a recent thirteen month high to $2,216/tonne on the 15thof July. With the metal generally one of the lesser used of the base metals, zinc last week rose due to concerns over a possible supply deficit. According to the International Lead and Zinc Study Group […]
Ferrochrome Second Quarter In Deficit
2Q16 was characterised by an extremely tight market. Many producers had shut down operations globally, including four furnaces in South Africa going bankrupt over the past 8 months. This resulted in the remaining producers selling only on a contractual basis, leaving very minimal stocks available to the spot market for both chrome ore and ferrochrome. […]
Iron Ore Prices To Remain Below $50/tonne
The iron ore marketing remains in oversupply. The combination of a weak steel demand, the commissioning of new low cost capacity and the reservations among high-cost producers to shut down operations continues to plague the market. Producers did try and cut costs at the beginning for the year and attempt to destock, but unless demand […]
Rare Earth Stockpiling by SRB Ends In Stalemate
The main topics in this feature include: Potential for new round of stockpiling SuperLig®-One plant successful India to develop rare earth to further defence industry The last round of stockpiling ended in a stalemate. The SRB were unable to procure material at their target price owing to artificially inflated offer prices. The expectations are that […]
Mining In Mozambique The End Of A Chapter
Until very recently, Mozambique was the star performer in SSA (sub Saharan Africa), with growth averaging above 7% per annum for almost 10 years. A phenomenal growth story driven by mining and oil and gas exploration. The diverse commodity asset base (coal and natural gas, heavy sands, gold, phosphates and rare earths, and a range […]
Ferrochrome Benchmark Prices Settled up 16c/lb
The European ferrochrome benchmark price for the third quarter was settled at 98c/lb compared to 82c/lb in the second quarter. The main reason for the increase is that South Africa appears to be short on material available for the spot market, which has resulted in higher spot market transactions in recent months. That being said, […]
Two Pennies On The EU Referendum: An analyst’s Opinion On Brexit
Denny Sabah has an Honors in International Relations and Diplomacy and Economics and is a long-standing friend of Core Consultants, even authoring an issue of Core Consultants’ Ferrochrome Quarterly Report back in 2014. Prior to Denny entering the commodity world, he interned at the European Commission. From time to time, Denny posts analysis on Facebook and is […]