Radar do Mercado
Resumo diário completo com análise técnica e fundamental dos mercados globais, incluindo movimentos em Forex, ações, metais e decisões macroeconômicas relevantes.
12258 tópicos neste fórum
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The nearly 100-year-old Horne copper smelter. Glencore photo Glencore is planning to wind down its Horne Smelter — Canada’s largest copper-metal producing plant — citing steep environmental upgrades and operational costs, Reuters reported on Monday. The Swiss commodities giant currently operates the Horne and the Canadian Copper Refinery (CCR), both located in the province of Quebec. The Horne smelter processes concentrates to make copper anode, which is then turned into cathode by CCR. While no production figures have been published for these assets, industry sources cited by Reuters have pegged their annual output at more than 300,000 tonnes. Much of the cop…
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Mining and commodities giant Glencore (LON: GLEN) plans to expand annual copper production to about 1.6 million tonnes by 2035 as it seeks to reverse a multi-year slump in output. Chief executive Gary Nagle told investors in London that the company expects its base copper business to exceed 1 million tonnes a year by the end of 2028, positioning Glencore among the world’s five largest producers. The push comes as global miners race to increase supply, even as Glencore’s own copper output is set to fall for a fourth straight year and sit about 40% below 2018 levels. The Swiss miner has faced pressure after its shares hit their lowest since 2020 and investors c…
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Glencore (LON: GLEN) has declared its Mount Isa copper smelter unviable and is awaiting a response from Australia’s federal and Queensland’s governments regarding requests for financial assistance to keep the facility running. The mining and commodities giant blamed “unprecedented smelting market conditions,” high energy, gas and labour costs, and a shortage of copper concentrates for the smelter’s unsustainable position. The Swiss company first announced the closure of its Mount Isa copper mines and associated operations in October 2023. At the time, it said all assets that made up in the complex as well as the Lady Loretta zinc mine, located 140KM north-west of …
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Miner and commodities trader Glencore (LON: GLEN) is selling its copper smelting operation in the Philippines to the Villar family, led by real estate magnate and former senator Manuel “Manny” Villar Jr. The asset in question, the Philippine Associated Smelting and Refining Corp. (Pasar), has long served as a key logistics hub for Glencore. Strategically located, it handles copper concentrate shipments from Australia and Indonesia, and occasionally distressed cargoes bound from South America to China. But global copper smelters, including Pasar, have been hit hard by a steep drop in treatment and refining charges, driven by overcapacity and limited supply of mined…
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Glencore (LON: GLEN), the world’s second-largest cobalt producer, warned Wednesday that a significant portion of its cobalt output may remain unsold by the end of 2025 due to ongoing export restrictions in the Democratic Republic of Congo (DRC). The DRC, which supplies the bulk of the world’s cobalt, imposed a four-month export ban in February after prices hit a nine-year low. In June, the government extended the ban by another three months, aiming to curb oversupply and buy time to develop a quota system for distributing export rights among mining companies. “The extension of the export ban is expected to significantly tighten cobalt availability and accelerate i…
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Glencore (LON: GLEN) is set to shut its final two copper mines in Mount Isa, Queensland, next week, ending more than six decades of operations and marking the company’s exit from upstream copper production in Australia. The closure, first announced in October 2023, includes the Mount Isa copper mines and associated operations, including smelters and concentrators. Initial estimates put job losses at more than 1,200, but Glencore revised that figure in April to around 500, citing progress in workforce redeployment. “We are also actively working to redeploy as many people as possible over the coming months,” Sam Strohmayr, chief operating officer for Glencore’s Aust…
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United States-based Chilean Cobalt (US-OTC: COBA) said Thursday it has signed a life-of-mine offtake with a Glencore (LSE: GLEN) subsidiary for all the cobalt and copper from the La Cobaltera and El Cofre projects in northern Chile. The parties expect most intermediate products to be shipped to privately held US Strategic Metals’ hydrometallurgical battery metals processing facility in Fredericktown, Missouri. The facility is to produce about 3,000-5,000 tonnes cobalt per year compared with the 8,000-10,000 tonnes of current US imports. “We believe that working with Glencore, one of the world’s leading producers and marketers of cobalt and copper, will sati…
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Glencore (LON: GLEN) has transferred almost $22 billion in foreign assets into its Australian subsidiary in a sweeping global restructure, laying the groundwork for a future mega-merger with a rival mining heavyweight. The move, disclosed by the Australian Financial Review, means the total assets held by Glencore’s Australian entity have doubled to $42 billion. The shift required $3.8 billion in internal cash transfers and $614 million in intra-company share issuances to facilitate the asset migration. The restructure consolidates coal mines in Canada, South Africa and Colombia, a major copper project in Argentina, and South African manganese, chrome and vanadium …
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Shares in Glencore (LON: GLEN) climbed on Thursday after the Swiss miner and commodities trader said it remains on track to meet its full-year production targets, easing investor concerns about further operational setbacks. The company, which has frustrated shareholders in the past by repeatedly missing guidance since listing in 2011, said it expects to hit its 2025 production goals, though copper output will likely land near the lower end of forecasts. Glencore’s stock rose as much as 6.8% and last traded 6.4% higher at 373.9p, valuing the company at £43.9 billion ($58 billion). Despite a strong rebound in copper production during the third quarter, Glencore …
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A consortium of major banks, including Bank of America, Citi, Deutsche Bank, Goldman Sachs, and UBS, announced on Friday that they will collaborate to explore the development of stablecoins pegged to G7 currencies. A New Era For Crypto In Mainstream Finance The renewed interest in stablecoins comes in the wake of US President Donald Trump’s endorsement of the sector, which has reignited discussions about integrating blockchain technology into mainstream finance. Currently, the stablecoin market is heavily dominated by Tether (USDT), based in El Salvador, which accounts for approximately $179 billion of the total $310 billion in stablecoins circulating, according to da…
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Gold demand just hit a new record high for the third quarter at 1,313 metric tons, the highest quarterly number on record, the World Gold Council said. Demand for gold is rising just as the U.S. paper money supply reaches a new record high. Total investment demand for gold climbed 47%, demand for gold bars and coins surged 17% totaling 315.5 tons, and central bank buying jumped 10% to 219.9 tons in the third quarter. So, who’s buying up all this gold? It turns out it’s a mix of investors—from central banks beefing up their reserves to institutional investors looking to protect their portfolios, and everyday Americans buying gold as a haven against rising inflation, cu…
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Gold demand just hit a new record high for the third quarter at 1,313 metric tons, the highest quarterly number on record, the World Gold Council said. Demand for gold is rising just as the U.S. paper money supply reaches a new record high. Total investment demand for gold climbed 47%, demand for gold bars and coins surged 17% totaling 315.5 tons, and central bank buying jumped 10% to 219.9 tons in the third quarter. So, who’s buying up all this gold? It turns out it’s a mix of investors—from central banks beefing up their reserves to institutional investors looking to protect their portfolios, and everyday Americans buying gold as a haven against rising inflation, cu…
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Sina—co-founder of the hedge fund 21st Capital—publicly dismantled a popular Bitcoin price model promoted by Real Vision CEO Raoul Pal, calling it a textbook case of data illiteracy and overfitting. The model in question draws a close correlation between Bitcoin and Global M2—a measure of global money supply—by shifting M2 data forward by a set number of weeks, typically 10 to 12, to supposedly “predict” Bitcoin’s future price moves. Raoul Pal has used this chart to argue that macro liquidity conditions drive crypto cycles, and that the current market behavior can be forecast using monetary expansion. Expert Torches M2-Bitcoin Correlation But Sina, a trained data scient…
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The global metals and mining industry posted one of its strongest financial performances in two decades last year, earning $700 billion in profits despite a 6% drop in revenue, according to McKinsey’s newly released Global Materials Perspective 2025. The report highlights that while profitability remains robust, the sector faces mounting challenges from declining ore grades, complex mining conditions, and stricter environmental and labour standards. All of these factors are driving up costs and squeezing margins, McKinsey said, noting that sustained investment in technology, electrification and digital tools will be crucial to maintaining productivity gains. Profi…
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BMI, a unit of Fitch Solutions, expects most mineral and metal prices to edge higher in 2026 as net-zero demand, tighter supply and an intensifying global race for critical minerals offset persistent weakness in Mainland China’s property sector. In its newly released outlook for mining and metals, BMI describes a “cautiously optimistic” price environment next year, with easing tariff uncertainties and robust demand from sectors tied to decarbonization underpinning the market. The researchers add that China’s property slump will continue to weigh on base metals, limiting price gains even as supply remains tight. For precious metals, BMI forecasts that gold wil…
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The Global Tailings Management Institute (GTMI), an independent organisation dedicated to improving the safety of mine tailings facilities worldwide, has announced the appointment of its multi-stakeholder board of directors. The board will be chaired by Mark Cutifani, former CEO of Anglo American. The deputy chair is Vicente Mello, senior vice president at global infrastructure, technical, environmental and social consultancy, AECOM. Both leaders bring decades of mining experience, with a strong focus on responsible tailings management. The board’s role will be to oversee the widespread implementation of, and conformance with, the Global Industry Standard on Ta…
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Global Uranium and Enrichment’s (ASX: GUE) estimate for the Maybell project in Colorado makes it the second largest initial hard rock uranium resource in the Southwest United States and in a historic mining district for the nuclear metal. The JORC resource outlines 3.2 million inferred tonnes grading 849 parts per million (ppm) uranium oxide (U3O8) for about 6 million lb. U3O8, Global reported Wednesday. “[The resource] confirms that the Maybell Uranium project remains a substantial uranium district in the United States,” managing director Andrew Ferrier said in a release. “These results not only validate our exploration target but also highlight the significant p…
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From mall staple with neckbeard cashiers to Reddit rally cry, the latest GameStop offering has moved into convertible debt, looking to raise $1.75 billion in private funding. What it plans to do with the money is anyone’s guess, but the crypto crowd is already bracing for a BTC headline. It’s a long way from selling Xbox controllers but in 2025, so is everything else. BitcoinPriceMarket CapBTC$2.16T24h7d30d1yAll time DISCOVER: 20+ Next Crypto to Explode in 2025 GameStop Offering: A Familiar Playbook for Bitcoin Investment In April, GameStop locked in $1.5 billion through a bond sale. It didn’t take long to see where that cash might be going. Over the next few weeks, t…
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Gold and Silver are subject to immediate pressure as the US Dollar regains strength and reputation after yesterday's FOMC meeting. The challenged independence of the Fed was a major driver behind the immense rally metals enjoyed from late August into early September, as Powell’s shift in tone from the Jackson Hole conference cast doubt on the Fed’s consistency amid still high inflation. Yet the dovish stance advocated by Bowman and Waller, seen as President Trump's protege-appointees ahead of the Sep FOMC—was vindicated by subsequent NFP misses and the downward revisions in BLS data. This is leading to the Federal Reserve regaining back some of its lost confidence thro…
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Markets are getting rocked up and down across asset classes lately. Cryptos are getting sold off aggressively (Is the selling done or is it only a first wave?).Equities are seeing some record volatility compared to the past few years in frantic +1% up and down moves, as can be seen today. Even Metals are failing to gather traction after reaching some new records towards the end of last month. They are holding relatively well compared to the other asset classes that performed great throughout 2025, but the fact that they can't seem to attract inflows during high-range risk-off profit-taking points to a deeply confused market. The dominant 2025 trend of Stocks, Cryptos,…
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All eyes are laying on one asset class in Markets: Precious Metals The usual suspect: Gold, A.K.A. The Bullion (or just "bully" for people who are caught short). Gold has always been a very complex asset. It does not have a face value yet it serves as store of value for many Central Banks. It cannot be eaten yet people always starve for it. And these days, it not-only is at the center of the 2025 Trump-Administration deglobalization theme but also a good edge against every potential catalyst against positive sentiment this year: Rate cuts? Wars? Fiscal catastrophes? Political instability (France, Japan, US, UK, ...) Bonds haven't seen much demand since the end of the …
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Gold prices are holding in and around the $3650/oz handle. The precious metal is benefitting from the perfect combination of political uncertainty, geopolitical risk and of course Fed rate cut bets. Russia Conflict Sees Nato Trigger Article 4... What Next? On Wednesday, Poland, with help from its NATO allies, shot down what they believed to be Russian drones that had entered Polish airspace. This is the first time a NATO country has fired shots during the conflict between Russia and Ukraine. Poland's Prime Minister, Donald Tusk, told parliament that this was "the closest we have been to open conflict since World War Two." However, he also added that he doesn't beli…
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Gold prices have extended their weekly gains to 3.5% and also a seventh successive green trading day. With bond yields rising and interest rate cuts coming, market participants are facing a host of uncertainties. Add to the mix the renewed uncertainty around US tariffs with many of them ruled illegal by a Federal appeals court last Friday and market jitters are at a peak. Rate Cut Expectations Continue to Rise The current macro economic backdrop is a complicated one. Recent developments globally continue to point toward unfavorable scenarios from fiscal issues in Europe and Fed independence concerns in the US. Since Fed Chair Powell's Jackson Hole speech, rate cut expe…
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Gold prices have remained choppy this week with the precious metal remaining in the range between $3300-$3350/oz for the majority of the week. Two key levels which for now it appears buyers and sellers are defending ahead of the Jackson Hole Symposium and Geopolitical developments. Most Read: Bitcoin (BTC/USD) Price Outlook: Mixed Signals as Bearish Potential Grows, $108600 May Hold the Key Strong US PMI Data Fails to Inspire Breakout A strong PMI release may have just aided Fed Chair Jerome Powell. The S&P Global US Composite PMI rose to 55.4 in August 2025, up from 55.1 in July, showing growth for the 31st straight month, according to flash estimates. This was al…
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Gold prices have continued to advance this week on a combination of a weak US Dollar and renewed haven demand, setting the stage for a potential retest of all-time-highs at $3500/oz next week. The return of haven demand may be attributed to the ongoing Russia/Ukraine discussions, Fed independence concerns (which are also having an effect on the Dollar) and a potential surge in tension between Iran, the US and the E3 (Germany, France and England). Rising Geopolitical Risks Just as it seemed market participants may be getting a prolonged reprieve from a heightened geopolitical risk environment which has continued throughout 2025, it appears these hopes are faltering. The…
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