Rhodium Glut Diminishing on Record Global Car Sales

Source: Reuters, Nicholas Larkin (7/11/12)

"Rhodium, the past year's worst- performing metal, is poised to rebound as record car sales curb a supply glut at a time when producers are idling unprofitable mines and postponing spending on new projects."

Reuters, Nicholas Larkin

Rhodium, the past year's worst-performing metal, is poised to rebound as record car sales curb a supply glut at a time when producers are idling unprofitable mines and postponing spending on new projects.

The surplus will decline 62% to 52,900 ounces this year, the least since 2008, as production contracts, Morgan Stanley estimates. The car industry, which uses rhodium-coated catalytic converters, will consume the most in five years. Prices that slumped 38% in the past 12 months will rally 62% to $2,000/oz by the end of 2013, the median of eight analyst estimates compiled by Bloomberg shows.

The metal, usually found alongside platinum and palladium, fell 88% since reaching a record $10,100 in 2008 as carmakers cut the amount used in each auto-catalyst and increased recycling to reduce costs. The slump is curbing revenue for mining companies from Johannesburg-based Anglo American Platinum Ltd. (AMS) to Impala Platinum (IMP) Holdings Ltd. and Aquarius Platinum Ltd. (AQP) said June 21 it was suspending the Everest mine in South Africa because it is no longer profitable. . .View Full Article

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Source: Streetwise Reports (01/28/2021)

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Source: Streetwise Reports (01/28/2021)

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Source: The Critical Investor for Streetwise Reports (01/27/2021)

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Source: Streetwise Reports (01/27/2021)

The StreetSmart Live! Broadcast on Jan. 26, 2021, focused on metals and why now is a good time for investors to be looking at them and the mining space. John Newell, independent analyst and portfolio manager, and John Feneck, mining sector expert and president of Feneck Consulting, addressed the status of the current metals market. CEOs of the three metals-focused companies comprising the Metallic Group of Companies—Group Ten Metals, Metallic Minerals and Granite Creek Copper—discussed their projects.

MMT Survey Helps Explorer Identify New Large Target at Ecuador Property
Source: Streetwise Reports (01/26/2021)

Aurania Resources reported that data from an ongoing Mobile MT Survey identified an extensive target at Tsenken at its Lost Cities - Cutucu Project in southeastern Ecuador.

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Source: Maurice Jackson for Streetwise Reports (01/20/2021)

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Divide and Conquer, American-Style, the Dollar and Precious Metals
Source: Michael Ballanger for Streetwise Reports (01/18/2021)

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