Commodities Analysis

Industry Trend Analysis - Iron Ore Miners: Struggles Ahead, Especially Juniors - JUNE 2014

The downtrend in the Bloomberg Iron Ore Mining Index will persist over the coming quarters as mining equities remain under pressure from lower iron ore prices compared to the boom years. Junior miners will struggle to survive due to funding constraints, while more Chinese projects become economically unviable at prices below USD120/tonne. Indian miners will also grapple with problems surroundin...


Industry Trend Analysis - Rising Auto Industry Demand To Shake Up Graphite Market - MAY 2014

Firstly, Tesla's upcoming gigafactory in 2017, as well as the bigger push by EV manufacturers to increase sales, will increase demand for graphite (an essential mineral for batteries) over the coming years. Secondly, with China clamping down on graphite mining operations within the country, we see greater opportunities for producers to open mines elsewhere in the world. Lastly, we see natural...


Global Industry Overview - Tin: No Boom Years Ahead - APR 2014

Global tin mine production will only expand modestly in the coming years on the back of tighter environmental regulations, falling ore grades and higher production costs. China will lead the bulk of the output increase, while other traditional players such as Indonesia and Australia continue to make a modest contribution. The key downside risk to our production forecast stems from the fact that...