Codelco Bonds Rally as Copper Giant Shows Signs of Recovery

The global copper market is seeing positive supply signals as Chile’s Codelco, the world’s largest copper producer, shows signs of reversing its production decline. Investors are responding favorably, with Codelco’s bonds outperforming both Chilean companies and global miners over the past month. Chile posted record copper export revenue in January, indicating improved market conditions and production recovery. After hitting a 25-year low in 2023, Codelco’s output is finally turning around under CEO Ruben Alvarado’s leadership, with delayed projects coming online that will tap richer ore deposits in aging mines—a critical development for global copper supply.

Volatility to Value: Navigating Commodity Trading’s Next S-Curve

After an extraordinary profit boom in 2022-2023, commodity trading is experiencing a market correction with industry earnings down over 30% in 2024 and similar performance expected in 2025. This normalization follows a period when high volatility attracted new competitors and encouraged expansion. Despite current margin compression, long-term projections remain strong, with trading value pools expected to reach $115 billion in EBIT by 2030. The energy sector has been most affected, with oil and oil products falling 40% and LNG declining 23%. Power, gas, and agricultural markets also contracted significantly, while metals and mining bucked the trend with 20% growth. The […]

World Gold Council Tackles Gold Forecasting in Complex Trump Era

Following gold’s exceptional 2024 performance, World Gold Council experts John Reade and Joe Cavatoni are analyzing gold’s role in investment portfolios amid heightened uncertainty. With Trump’s return to office, multiple factors including tariffs, economic growth, interest rates, and immigration policies could significantly impact gold prices. The World Gold Council continues its mission to promote gold as a strategic asset while providing research and analysis to help investors navigate these complex market conditions.

The China-Gold Connection: Is a Global Financial Shock Coming?

In this eye-opening video, Mike Maloney exposes how China – already the world’s biggest gold producer – could be quietly stockpiling precious metal.

Major Gold Merger: Equinox and Calibre Form Canadian Mining Powerhouse

Equinox Gold and Calibre Mining are joining forces in a transformative merger that will establish Canada’s second-largest gold producer, with an estimated market capitalization of C$7.7 billion. The combined entity, operating under the Equinox Gold name, will control a diverse portfolio of mines across five countries, anchored by two major Canadian projects: the recently operational Greenstone mine in Ontario and the near-completion Valentine project in Newfoundland and Labrador. The merger promises immediate production strength, with projected output of 950,000 ounces of gold in 2025, potentially expanding to over 1.2 million ounces annually at full capacity. Under the agreement, Equinox shareholders […]

Gold Rally Continues as ETF Holdings See Biggest Jump Since 2022

Gold continues its strong performance, trading over $2,940 per ounce after eight consecutive weeks of gains. The precious metal’s strength is primarily fueled by substantial investments in gold-backed ETFs, which saw their biggest inflows since 2022. Goldman Sachs has responded by raising its year-end target to $3,100, citing central bank purchases and expanding ETF holdings as key drivers. The weakening U.S. dollar, combined with recent data showing slowed business activity and waning consumer confidence, has led traders to anticipate Federal Reserve rate cuts starting in July 2025.