Tom Mulqueen 
While metal demand opportunities from decarbonisation have captured investor’s attention over the last year, the extreme weather observed globally in recent weeks highlights the growing influence that climate change itself is likely … Read More
Stalling growth in China’s economy and the rampant spread of the Covid-19 Delta variant across Southeast Asia threatens the base metals outlook. While at face value China’s RRR cut could boost risk … Read More
The ex-China tin market remains in the grip of the severest physical shortages in recent memory. Driving tightness is strong pandemic-era demand for electronics and electrical goods, supply disruption across top tin … Read More
Since the onset of the global pandemic, decarbonisation has become a core pillar of government policy for most major economies. Aluminium is likely to see strong demand from low-carbon technologies and constraints … Read More
Resource nationalism is the inclination of governments to seek greater control or revenue from natural resources in their territory. This is on the rise due to economic, nationalistic, and strategic factors amplified … Read More
China policymakers have taken strong verbal action to tackle inflationary risks from surging commodity prices. This has moderated bullish speculative enthusiasm for metals, but could be short-lived; China lacks meaningful options to … Read More
The LME lead price rebounded strongly from March lows. Macro-led fund interest in commodities and lead’s relative cheapness underpinned gains. The rise is at odds with the metal’s weak fundamental narrative, which … Read More
The LME copper price has surpassed the all-time high of $10,190 from 2011. Reflation-led investor interest in commodities continues to drive the bull-market uptrend. This is in addition to copper-specific projections that … Read More
News of severe tin production disruption at Malaysia Smelting Corporation (MSC) that could last beyond the end of 2021 has helped reignite the tin price rally and tighten nearby LME spreads. While … Read More
Since the onset of the pandemic, an acute shortage of global container freight capacity has seen shipping costs and delays surge to unprecedented levels. Causing this was an unexpected surge in demand … Read More