Resource Weekly 280 – China’s commodity demand picks up in November

Resource Weekly 280 – China’s commodity demand picks up in November

Click here to find more details This is NAI’s new Resource Weekly. We will be covering the latest news in Mining, and Oil and Gas sectors every week. To continue to receive NAI’s Resource Weekly, please click Here to subscribe.

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Platinum’s discount to palladium hits 16-year-high

Platinum’s discount to palladium hits 16-year-high

Platinum’s discount to fellow precious metal palladium reached its highest level since 2001 on Thursday, as the latter soared on heightened vehicle demand and an ongoing supply deficit. Palladium hit a high of $1,022.70 on Thursday, just off a...

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Bitcoin blows past $16,000, alarm bells ring louder

Bitcoin blows past $16,000, alarm bells ring louder

Bitcoin rocketed to a lifetime high well above $16,000 on Thursday after climbing some 67 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst. The largest U.S. cryptocurrency exchange...

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Platinum market deficit to expand sharply in 2018: WPIC

Platinum market deficit to expand sharply in 2018: WPIC

The global platinum market deficit will rise sharply next year thanks to resurgent demand from the jewellery and industrial sectors and declining production, an industry report said on Tuesday. The shortfall will jump to 275,000 ounces from an...

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Russia miner Nornickel sees capex rising by 2019-2020

Russia miner Nornickel sees capex rising by 2019-2020

Russia’s Norilsk Nickel plans to increase capital expenditure to an average of $2.3 billion to $2.5 billion a year in 2019 and 2020 from about $2 billion in 2018 due to an environmental project and infrastructure modernization, it said on Monday...

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NAI500 Resource Weekly Issue 274 – LIGHT CRUDE OIL JUST BROKE OUT Now the Fun Really Begins!

NAI500 Resource Weekly Issue 274 – LIGHT CRUDE OIL JUST BROKE OUT Now the Fun Really Begins!

Click here to find more details This is NAI’s new Resource Weekly. We will be covering the latest news in Mining, and Oil and Gas sectors every week. To continue to receive NAI’s Resource Weekly, please click Here to subscribe.

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Canadian project lifts Goldcorp reserves 26%

Canadian project lifts Goldcorp reserves 26%

Shares in Goldcorp Inc (NYSE:GG)(TSX:G) turned higher Wednesday after the company reported third quarter results that showed huge jump in profitability despite a sharp decline in gold production. Vancouver-based Goldcorp more than erased its...

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Rhodium price roars to six-year high

Rhodium price roars to six-year high

The price of rhodium has more than doubled this year, adding $1,000 an ounce since hitting 12-year lows mid-2016. Like its sister metals, rhodium’s main application is to clean vehicle emissions and the price quoted by Johnson Matthey, the...

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Palladium steals gold’s thunder at industry gathering

Palladium steals gold’s thunder at industry gathering

In the ranks of metals, gold shines brightest for most investors. But this week’s gathering of the gold industry in Barcelona was dominated by palladium, the hottest metal for many at the moment. The silvery-coloured metal used in catalysts for...

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Bitcoin is not the new gold, Goldman Sachs says

Bitcoin is not the new gold, Goldman Sachs says

Cryptocurrencies like bitcoin are not the “new gold,” Goldman Sachs said in a note, advising investors that precious metals “remain a relevant asset class” in portfolios. In a note to clients earlier this week, Goldman...

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Palladium tops $1,000 for first time since 2001 on auto demand

Palladium tops $1,000 for first time since 2001 on auto demand

Palladium climbed above $1,000 (Dh3,673.30) an ounce for the first time since 2001 as global demand grows for the metal in catalytic converters used by gasoline-powered vehicles. Prices jumped as much as 1.6 per cent to $1,007.42 on Monday...

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