The price of copper fell March 26 to its lowest level since December 2017, and despite a slight recovery at the beginning of April, three-month copper prices are threatening to break below the 200-day moving average. There are several indicators signaling a weaker copper market, and the latest issue of S&P Global Market Intelligence's Commodity Briefing Service noted that total...
READZinc prices dropped sharply in March, with the cash price down 5.6% month over month, to close the first quarter at US$3,284/tonne; see graph below. The three-month contract on the London Metal Exchange averaged US$3,267/t in March, down 6.6% from the February average. This is the steepest monthly fall since August 2015, and prices have continued to decline in the first few tra...
READThe following research article is an excerpt of the State of the Market: Mining report for Q4 2017, a detailed analysis of mining industry performance that includes expert commentary from S&P Global Market Intelligence. Last year, we saw the first annual increase in exploration budgets for nonferrous metals after four consecutive years of declining expenditure. Having plunged t...
READ