metals

Platinum is staging a spectacular rally this year, rising more than 30% in June alone and hitting $1,390 per ounce—its highest level since September 2014—putting it on track for its best monthly performance since 1986. The precious metal, closely tracked by the GraniteShares Platinum Shares ETF (...

American Businessman James Cameron has reportedly offered $5 billion to acquire Eurasian Resources Group (ERG), the world's largest producer of high-carbon ferrochrome by chrome content. ERG has been headquartered in Luxembourg since its $4.5 billion privatization in 2013, and Kazakhstan's...

To gain an edge, this is what you need to know today. Metals Break Out Please click here for an enlarged chart of silver ETF iShares Silver Trust (ARCA:SLV). Note the following: The chart is a monthly chart of silver to give you the long term perspective. The chart shows that silver has broken...

JPMorgan is currently Overweight on several metals and mining stocks. As the metals and mining sector gears up for potential growth, JPMorgan analyst Bill Peterson highlights three “top stock picks.” Stocks that Peterson says investors should have on their radar include Cleveland-Cliffs...

China’s recent release of mixed economic data is weighing on U.S.-listed Chinese equities and sectors strongly linked to Chinese growth on Monday. China’s economy grew 6.3% YoY in Q2 2023, missing the market’s projected 7.3% rise. This marks a jump from Q1’s 4.5% increase....

Europe and the U.S. have kicked into high EV gear but a "Chinese cloud" is looming over the EV sector. Last Saturday, Renault (OTC: RNLSY) Chairman Jean-Dominique Senard expressed his concerns to Reuters regarding Europe’s over-reliance on China, emphasizing the need for...

The U.S. and its Western allies are reassessing global supply chains in order to weaken China’s grip on critical minerals, but this move comes at a cost: a secular inflation. Concerns over China’s dominance in crucial energy transition materials have pushed Western countries to...

The iShares MSCI Global Select Metals & Mining Producers ETF (BATS: PICK) is down roughly 16.53% year-to-date. Despite being down, it was considerably better than the S&P 500 down nearly 21% year-to-date. This ETF offers access to the global mining industry through an...

Nick Kwan/Pexels A Perfect Storm For Gold And Silver In theory, the past week should have been a perfect storm for gold and silver bulls, as the news fed investors a buffet of systemic risks. In one steam tray was China's "Lehman Moment" with the impending default of the China...

China’s Contemporary Amperex Technology Co. Limited or CATL, a battery supplier to Tesla Inc. (NASDAQ: TSLA) and Nio Inc. (NYSE: NIO), is exploring acquiring a nearly 10% stake in Chinese miner Jinchuan Group International Resources Co., Bloomberg reported Wednesday. What Happened: CATL could...

Gold futures haven’t seen much action recently, but Thursday brought a +1.17% rally with price making new relative highs while the RSI did the same. This typically would be a good sign for bulls, but price stopped short at the 50-day Simple Moving Average near 1830 and then gave back much of...

Copper prices rose on Monday on concerns about disruptions to supply in Chile alongside Chinese demand showing signs of picking up, according to Bloomberg. What Happened: Workers union at BHP Group’s (NYSE: BHP) operations center in Santiago rejected the company’s final wage offer...

The bullish case for Alcoa Corp (NYSE: AA) is based on expectations for the metals company to take full advantage of a "constructive outlook" for aluminum, according to Morgan Stanley. The Alcoa Analyst: Carlos De Alba upgraded Alcoa from Equal Weight to Overweight with a price...

Cleveland-Cliffs Inc (NYSE: CLF) announced Monday it has signed an agreement to purchase the United States unit of ArcelorMittal S.A. (NYSE: MT). What Happened: The $1.4 billion transaction would be made on a cash-free and debt-free basis with 78.2 million shares of the Cleveland-Cliffs common...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. The metals market is as hot as it’s been in a long time. Spot gold just made a new all-time high for the first time since 2011, and...