Marc Desormeaux leads Scotiabank Economics’ regional economic forecasting and commodity market coverage and is the creator of Scotiabank’s Provincial Outlook, the department’s quarterly forecast publication on Canada’s provincial economies. Prior…
A substantial influx of interest from institutional investors and wealth management allocations has pushed the Global Palladium fund (GPF), an exchange-traded fund created by Russia’s Norilsk Nickel, above US$100 million…
The global metals and mining industry outlook has changed from ‘positive’ to ‘stable’ with a new Moody’s Investors Service report finding that despite most metals prices exceeding historical marks, that…
The world is at the start of an exponential upswing in demand for the suite of technology metals as a global top-down push for the energy revolution accelerates, Ryan Castilloux,…
Russia has proposed introducing an export duty on aluminum as part of new measures to curb creeping inflation, sending regional premia in crucial European markets soaring, a new analysis by…
The single largest use of rare earths is in the manufacture of permanent magnets used in wind turbines, the drive train of hybrid and electric vehicles, and energy-efficient applications, and…
Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching US$4.12 per lb. on Feb. 22 –…
For Scotiabank senior economist Marc Desormeaux, forecasting what the 2021 global commodity markets will be like, especially for industrial metals, is heavily predicated on the ability of nations to respond…
China has stepped up trade restrictions against Australia, with at least one clearinghouse suspending imports of a range of agricultural and mineral products, Hong Kong’s daily English-language newspaper, the South…
The International Copper Study Group (ICSG) has released its copper market forecast for 2020-21 and expects this year will mark the second consecutive year of decline in world copper mine production. After…
Raymond James has raised its average silver price forecasts for 2021 to US$25 per oz., up 37.9% from its previous estimate, and to US$22.50 per oz. in 2022, a 25%…
Copper was once again approaching the psychologically important US$3 per lb. level on the back of falling inventories, booming Chinese demand and pandemic hit supply from South America, the U.S….
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