After India, Now China Catches Gold Bug
May 18, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[Forbes] – China breaks its own record for gold bar consumption in the first quarter. Can China, India and the world’s central banks keep gold prices from falling further? The World Gold Council thinks so. Can China and India save gold prices? At this rate, the two countries plus the world’s Central Banks are providing [...]
China’s Gold Demand “Snowballing”, WGC Says
May 2, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[Reuters] – China’s gold demand is expected to double over the next decade due to jewellery consumption and investment needs, the World Gold Council (WGC) said in its first report on the world’s fastest growing consumer of the metal. Currently the world’s second-largest gold consumer after India, China has seen its gold demand grow at [...]
Alcoa, China Spark Massive Rally in Miners and Metals
April 9, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[Mining.com] – Aluminum bellwether’s better than expected demand forecast and benign economic news from top commodity consumer China sent mining stocks and metal prices soaring Tuesday. New York-based Alcoa (NYSE: AA) yesterday surprised the market when it reported better than expected profits on the back of solid end market demand growth. The leader – of [...]
Why Smart Money Is Buying Junior Strategic Metal Miners
February 27, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[The Metals Report] – Most investors have a tough time standing apart from the crowd. That’s why Jeb Handwerger says, “To be successful in the market, 99% of the people have to think you’re wrong.” While most investors are chasing overvalued equities, the smart money is acquiring assets that will benefit from the next uptick [...]
Copper Retreat Temporary; Outlook Remains Firm
February 12, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[Kitco News] – After rising stoutly in early 2013, copper prices were knocked off their highs this week, but market watchers said the fall is only temporary. Better-than-expected Chinese trade data and a slow, but ongoing economic recovery in the U.S. helped copper prices rise in early February to their highest levels since October. Nearby [...]
East African Oil Goes Boom
February 6, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[Prospecting News] – In 1977 there were 1 million cars in China. Today there are 51 million. Mob scenes at Toyota dealerships in Beijing are evidence that this trend is not going away. Global oil demand grew by 800,000 barrels a day in 2012 and is forecast to increase a million barrels a day for [...]
Hong Kong-to-China 2012 Gold Flow Hits Record High
February 5, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[Reuters] – Hong Kong’s net gold flow to mainland China jumped 47 percent in 2012 to a record high of 557.478 tonnes, indicating robust demand in China, which vies with India to be the world’s top gold consumer. Hong Kong shipped 114.372 tonnes of gold to China in December, also a record high for monthly [...]
China Says Top 10 Steel Mills to Control 60 Percent of Capacity by 2015
January 23, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[Reuters-Beijing] – China, the world’s largest steel producer, aims to bring around 60 percent of total steel capacity under the control of its top 10 steel mills by 2015 as part of a wide-ranging plan to restructure its industries. The Ministry of Industry and Information Technology (MIIT) announced on Tuesday it would encourage big state [...]
Chinese Copper Imports Jump 47.7% in December 2012
January 17, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[Resource News Report] – December 2012 imports of copper into China surged 47.7% from the previous year hitting an all-time high of 509,000 tonnes. According to International Copper Study Group (ICSG) China’s copper usage grew 19% in 2012 to represent 43% of the world’s consumption. This growth rate more than offsets the copper usage decline [...]
Chinese Investment in Canadian Iron Ore Expected to Rise
January 11, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[CBC News] – Volatile iron ore prices in 2013 should prompt Chinese firms to continue investing in Canadian development projects, an industry analyst said Wednesday. Jackie Przybylowski of Desjardins Capital Markets expects investments will continue on “an opportunistic basis” in the coming year, after a very active 2012 when the Chinese bought into projects around [...]