May 17, 2020

World Gold Council: Can Gold Be Used to Solve Certain Environmental Concerns?

World Gold Council
gold mining
Alternative energy
2 min
World Gold Council: Can Gold Be Used to Solve Certain Environmental Concerns?
Gold is quickly becoming the answer to several important environmental questions.It has been discovered that a stable and effective formulation can becr...

Gold is quickly becoming the answer to several important environmental questions.

It has been discovered that a stable and effective formulation can be created when gold, palladium and platinum are combined, helping form less harmful molecules during the breakdown of pollutants.

The new technological innovation is now being implemented by the automotive industry with a new gold-containing catalytic converter being introduced in 2011. It is currently being supported by the World Gold Council.

Because many vehicles require a catalytic converter, which removes toxins created by burning fuel in an engine, the World Gold Council hopes to fast track the development of this gold-backed technology. Growing worries about fossil fuels and their contribution to climate change has also given way for viable alternative energy.

Gold has become an extremely important factor in the development of alternative energy sources and gold nanoparticles have begun to be used to improve solar energy cells. Also, gold-based products have begun showing the ability to be used for new and more effective fuel cell catalysts.

The metal can also help solve groundwater contamination issues which is an extremely serious and global problem in industrialized areas.

Researchers at Rice University, Stanford University, and DuPont Chemicals are using gold to break down contaminants. The research, headed by Professor Michael Wong from Rice University, has created a gold and palladium catalyst, which eliminates chlorinated compounds from water. The team will be testing their gold and palladium catalyst in a pilot plant in Kentucky. The catalyst is also being supported by the World Gold Council.

Share article

May 6, 2021

Copper, iron ore surge as Chinese investors unleash demand

Iron ore
3 min
Iron ore broke $200 a tonne for the first time, while copper approached a record high as Chinese investors unleashed fresh demand following May holiday

The reopening of major industrial economies is sparking a surge across commodities markets from corn to lumber, with tin climbing above $30,000 a tonne for the first time since 2011 on Thursday.

In the wake of mounting evidence of inflation fuelled by higher raw materials prices, investors are also increasingly focused on when the U.S. Federal Reserve might start throttling back its emergency support.


Many banks say the rally has further to run, particularly for copper, which will benefit from rising investment in new energy sectors. Copper is at the highest in a decade, fueling bets it will rally further to take out the record set in February 2011. Steel demand is surging as economies chart a path back to growth just as the world’s biggest miners have been hampered by operational issues, tightening ore supply.

“The long-term prospects for metals prices are ‘too good’ and point to higher prices in the next few years,” said Commerzbank AG analyst Daniel Briesemann. “The decarbonization trends in many countries, which include switching to electric vehicles and expanding wind and solar power, are likely to generate additional demand for metals.”

Trading house Trafigura Group and several major Wall Street banks including Goldman Sachs Group Inc. and Bank of America Corp. expect copper to extend gains.

Copper rose as much as 1.6% to $10,108.50 a ton on the London Metal Exchange before trading at $10,080 as of 4:07 p.m. in London.


Iron Ore

Benchmark spot iron ore prices rose to a record, while futures in Singapore and China climbed.

The boom comes as China’s steelmakers keep output rates above 1 billion tons a year, despite a swath of production curbs aimed at reducing carbon emissions and reining in supply. Instead, those measures have boosted steel prices and profitability at mills, allowing them to better accommodate higher iron ore costs.

Spot iron ore with 62% content hit $201.15 a ton on Thursday, according to Mysteel. Futures in Singapore jumped as much as 5.1% to $196.40 a ton, the highest since contracts were launched in 2013. In Dalian, prices closed 8.8% higher.

Erik Hedborg, Principal Analyst, Steel at CRU Group commented: “Recent production cuts in Tangshan have boosted demand for higher-quality ore and prompted mills to build iron ore inventories as their margins are on the rise. Iron ore producers are enjoying exceptionally high margins as well, around two thirds of seaborne supply only require prices of $50 /dmt to break even.”


Still, some analysts including Commerzbank’s Briesemann expect a short-term correction as metals become detached from fundamentals. There’s also a risk that China could engage in policies that may cool demand for iron ore and copper.

The metals rally has boosted concerns about short-term Chinese demand. Some manufacturers and end-users have been slowing production or pushing back delivery times after costs surged, while weaker-than-expected domestic consumption has opened the arbitrage window for exports.

Tin climbed as much as 2% to $30,280 a ton on the LME, boosted by rising orders for the soldering metal. Tin is at the highest since May 2011, with a 48% gain this year making it the best performing metal on the LME.



Share article