SP Angel Mining Team in Cape Town for the 121 Mining Investment Conference and Indaba
MiFID II exempt information – see disclaimer below
SP Angel Mining Team in Cape Town for the 121 Mining Investment Conference and Indaba
- Simon, Sergey, Arthur and I will be boldly seeking out new opportunities and presenting commodity and company ideas to a full schedule of investors.
- Ewan, Charlie, Grant and Richard are also available at the 121 and after.
- We will be travelling to look at opportunities in Zambia and Zimbabwe
Gold market comment (17/01/2025): Podcast: https://audioboom.com/posts/8639775-john-meyer-gold-is-good-solid-asset-to-own
Video:
| Dow Jones Industrials | +0.30% | at | 44,556 | |
| Nikkei 225 | +0.09% | at | 38,831 | |
| HK Hang Seng | -0.93% | at | 20,597 | |
| Shanghai Composite | -0.65% | at | 3,229 | |
| US 10 Year Yield (bp change) | -2.6 | at | 4.48 |
Currencies
US$1.0405/eur vs 1.0345/eur previous. Yen 153.01/$ vs 155.14/$. SAr 18.619/$ vs 18.754/$. $1.250/gbp vs $1.243/gbp. 0.628/aud vs 0.621/aud. CNY 7.273/$ vs 7.245/$.
Dollar Index 107.754 vs 108.466 previous.
Precious metals:
Gold US$2,868/oz vs US$2,816/oz previous
Gold ETFs 83.5moz vs 83.4moz previous
Platinum US$981/oz vs US$966/oz previous
Palladium US$1,006/oz vs US$1,008/oz previous
Silver US$32.4/oz vs US$31.6/oz previous
Rhodium US$4,625/oz vs US$4,650/oz previous
Base metals:
Copper US$9,153/t vs US$9,131/t previous
Aluminium US$2,615/t vs US$2,620/t previous
Nickel US$15,305/t vs US$15,055/t previous
Zinc US$2,785/t vs US$2,812/t previous
Lead US$1,981/t vs US$1,945/t previous
Tin US$30,590/t vs US$30,110/t previous
Energy:
Oil US$75.9/bbl vs US$75.0/bbl previous
Natural Gas €52.9/MWh vs €53.2/MWh previous
Uranium Futures $70.7/lb vs $71.1/lb previous
Bulk:
Iron Ore 62% Fe Spot (Singapore) US$104.6/t vs US$105.5/t
Chinese steel rebar 25mm US$485.7/t vs US$487.6/t
HCC FOB Australia US$190.5/t vs US$190.0/t
Thermal coal swap Australia FOB US$115.5/t vs US$118.3/t
Other:
Cobalt LME 3m US$21,550/t vs US$21,550/t
NdPr Rare Earth Oxide (China) US$57,060/t vs US$57,284/t
Lithium carbonate 99% (China) US$10,106/t vs US$10,145/t
China Spodumene Li2O 6%min CIF US$815/t vs US$815/t
Ferro-Manganese European Mn78% min US$1,005/t vs US$1,005/t
China Tungsten APT 88.5% FOB US$338/mtu vs US$338/mtu
China Graphite Flake -194 FOB US$430/t vs US$430/t
Europe Vanadium Pentoxide 98% US$4.5/lb vs US$4.5/lb
Europe Ferro-Vanadium 80% US$24.6/kg vs US$24.6/kg
China Ilmenite Concentrate TiO2 US$295/t vs US$296/t
Global Rutile Spot Concentrate 95% TiO2 US$1,588/t vs US$1,588/t
Spot CO2 Emissions EUA Price US$65.1/t vs US$65.1/t
Brazil Potash CFR Granular Spot US$305.0/t vs US$305.0/t
Germanium China 99.99% US$2,725.0/kg vs US$2,725.0/kg
China Gallium 99.99% US$385.0/kg vs US$385.0/kg
Company News
| Overnight Change | Weekly Change | Overnight Change | Weekly Change | ||
| BHP | 1.5% | 2.6% | Freeport-McMoRan | 1.7% | 1.8% |
| Rio Tinto | 2.1% | 2.5% | Vale | 0.7% | 4.4% |
| Glencore | 0.4% | 1.3% | Newmont Mining | 0.5% | 4.8% |
| Anglo American | -0.2% | -1.0% | Fortescue | 2.0% | -0.5% |
| Antofagasta | 0.6% | 1.0% | Teck Resources | 2.7% | 2.1% |
LSE Group Starmine awards for 2024 commodity forecasting:
No.1 in Precious Metals: SP Angel mining team awarded No 1. ranking for Precious Metals forecasting in LSEG Annual Starmine Award for Reuters Polls 2024
No.2 in Base Metals: SP Angel mining team awarded No 2. ranking for Base Metals forecasting in LSEG Annual Starmine Award for Reuters Polls 2024
Analysts
John Meyer – John.Meyer@spangel.co.uk – 0203 470 0490
Simon Beardsmore – Simon.Beardsmore@spangel.co.uk – 0203 470 0484
Sergey Raevskiy –Sergey.Raevskiy@spangel.co.uk – 0203 470 0474
Arthur Parish – Arthur.Parish@spangel.co.uk – 0203 470 0476
Sales
Richard Parlons –Richard.Parlons@spangel.co.uk – 0203 470 0472
Abigail Wayne – Abigail.Wayne@spangel.co.uk – 0203 470 0534
Rob Rees – Rob.Rees@spangel.co.uk – 0203 470 0535
Grant Barker – Grant.Barker@spangel.co.uk – 0203 470 0471
SP Angel
Prince Frederick House
35-39 Maddox Street London
W1S 2PP
*SP Angel are the No1 integrated nomad and broker by number of mining brokerage clients on AIM according to the AIM Advisers Ranking Guide (joint brokerships excluded)
+SP Angel employees may have previously held, or currently hold, shares in the companies mentioned in this note.
| Sources of commodity prices | |
| Gold, Platinum, Palladium, Silver | BGNL (Bloomberg Generic Composite rate, London) |
| Gold ETFs, Steel | Bloomberg |
| Copper, Aluminium, Nickel, Zinc, Lead, Tin, Cobalt | LME |
| Oil Brent | ICE |
| Natural Gas, Uranium, Iron Ore | NYMEX |
| Thermal Coal | Bloomberg OTC Composite |
| Coking Coal | SSY |
| RRE | Steelhome |
| Lithium Carbonate, Ferro Vanadium, Tungsten, Spodumene, Ferro-Manganese, Graphite, Rutile | Asian Metal |
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