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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of America strategist on why gold prices could climb to $3,000 per ounceMichael Widmer, head of commodities research at Bank of America, discusses the outlook for gold prices and the mismatch between copper supply and demand.
Persons: Michael Widmer Organizations: Email Bank of America, Bank of America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGraphite supply chains outside China are evolving right now, analyst saysMichael Widmer, head of metals research at BofA Global Research, discusses China's export restrictions on graphite — a key material in electric vehicle batteries.
Persons: Michael Widmer Organizations: BofA Global Research Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpending on renewables and EVs boosting copper prices, says analystMichael Widmer, head of metals research at BofA Global Research, discusses demand for copper across China and Europe.
Persons: Michael Widmer Organizations: BofA Global Research Locations: China, Europe
(Graphic: Palladium's rally, )Powering the rally was rising demand from automakers who needed more palladium per vehicle to meet tightening emissions standards. Electric vehicles (EVs) that do not need palladium are gaining market share and automakers are substituting some palladium for cheaper platinum in combustion engine vehicles. (Graphic: Palladium supply from recycled vehicles, )That will shift the roughly 11 million ounce a year market to a surplus of nearly a million ounces in 2027, they said. (Graphic: Palladium market balance, )But it is too early to rule out short-term upward moves. (Graphic: Palladium speculators, )
Goldman Sachs and Bank of America say copper could hit record highs in the coming year, as short-term supply tightness and long-term energy transition-related demand push the red metal north. Three-month copper futures on the London Metal Exchange were trading around $8,525 per metric ton on Friday in Europe. LME copper prices peaked at over $10,600/t in March this year, but two of Wall Street's biggest names see further price rises ahead. Both Goldman and Bank of America highlighted the energy transition as a key driver of copper markets looking ahead. While Bank of America's Michael Widmer said: "Copper is set to rally as usage in green technologies should offset cyclical demand weakness."
Cuprul a devenit „noul petrol”
  + stars: | 2021-05-10 | by ( ) www.jurnal.md   time to read: +1 min
Sursa foto: rt.comCuprul a devenit „noul petrol”Lumea riscă „să rămână fără cupru” pe fondul creșterii deficitelor de ofertă și cerere, potrivit Bank of America, iar prețurile ar putea atinge 20.000 de dolari pe tonă până în 2025. „Legat de aceasta, prognozăm deficite ale pieței cuprului și scăderi suplimentare ale stocurilor, anul acesta și următorul”, a spus Widmer. Cuprul ar putea ajunge la 20.000 de dolari pe tonăAvând în vedere mediul fundamental și stocurile epuizate, cuprul ar putea ajunge la 20.000 de dolari pe tonă pentru prima dată în ultimul deceniu. După deficitele din 2021 și 2022, BofA se așteaptă ca piața cuprului să se reechilibreze în 2023 și 2024, potrivit CNBC. Prețurile mărfurilor tranzacționate la bursă au crescut cu 3% în aprilie, ducând la creșterea indicelui global cu 80% din aprilie 2020.
Persons: Michael Widmer, Widmer Locations: Bank, America
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