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Search resuls for: "Metals Research"


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Spot gold prices have soared above $2,700 an ounce, rallying for the fifth day on Monday to hit another record high of over $2,733 an ounce. But Wider noted the de-correlation of 10-year Treasury real interest rates (adjusted for inflation) and the price of gold. XAU= 5Y mountain Gold John Reade, senior markets strategist at the World Gold Council trade association, warned of volatility ahead, however. Allocating to gold Reade advised investors to always have a position in gold, albeit as a relatively small part of a portfolio. Principal Asset Management's Jablonski, meanwhile, said he has less than 5% of his portfolio allocated to commodities, including gold.
Persons: Michael Widmer, I'm, CNBC's, Widmer, Todd Jablonski, Jablonski, John Reade, Reade, Management's Jablonski, Fred Imbert Organizations: Bank of America, Treasury, CNBC Pro, World Gold Council, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere are increasing concerns about global government debt levels, says metals analystMichael Widmer, head of metals research at Bank of America, discusses the gold market.
Persons: Michael Widmer Organizations: Bank of America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNeed for more production cuts in the Lithium market, says analystMichael Widmer, the managing director and head of metals research at Bank of America Global Research, discusses the Lithium market and Rio Tinto's announcement it is acquiring Arcadium.
Persons: Michael Widmer Organizations: Bank of America Global Research, Rio
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA's Michael Widmer: Most central banks aim to increase gold holdingsMichael Widmer, Bank of America head of Metals Research, joins 'Money Movers' to discuss BofA's bullish call for gold as the bank projects the commodity to hit $3,000 in value.
Persons: BofA's Michael Widmer, Michael Widmer Organizations: Bank of America, Metals Research
Gold bracelets at a gold jewelry store in the Zhejiang Province of China. Thousands of people in China have been duped into forking out money on "fake gold" — inferior or artificial gold — after trying to purchase so-called "999 gold" online, according to the government. The purest form of gold is commonly referred to as 999 gold, because it has gold content of 99.9%. "Fake gold is becoming a major problem in China as more Chinese are looking to put their savings into gold," said China Market Research Group's Managing Director Shaun Rein. Fake gold gets darker or reveals a greenish color when placed under flame, while pure gold turns brighter on exposure to heat.
Persons: Shaun Rein, Nikos Kavalis, Rein, Taobao, Pinduoduo Organizations: Visual China, Getty, Research, India, World Gold, Metals, ChinaFotoPress Locations: Zhejiang Province, China, scammers, Nantong
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
REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsSept 29 (Reuters) - Huawei Technologies (HWT.UL) is building a commodities team to hedge and trade metals and energy products, according to the Chinese technology company's job posts on professional social network LinkedIn. Huawei was also hiring a metals hedging specialist and a metals research specialist in the city-state four months ago, according to separate LinkedIn posts. Huawei did not respond to Reuters' request for comment on the commodities team hirings it has made or its hiring plans. The positions will work closely with Huawei's teams in China and Hong Kong to grow its metals hedging and researching capabilities as well as risk control, focusing on ferrous, nonferrous and battery metals, the posts said. The team is drafting the hedging proposals and trading plans, said the source.
Persons: Benoit Tessier, Mai Nguyen, Amy Lv, Andrew Hayley, Muralikumar Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, LinkedIn, Huawei, Reuters, Thomson Locations: Porte, Paris, France, Singapore, China, Hong Kong, Hanoi, Beijing
BMW CEO Oliver Zipse speaks during the presentation of the new BMW "New Class" during an event ahead of the IAA motor show in Munich. Europe's dominant position in the automotive sector was established over many decades through its capacity to build superior combustion engines. The German behemoth has already created automotive software company CARIAD, as well as partnering with Chinese EV startup Xpeng, joint venture partner SAIC and autonomous driving company Horizon Robotics. watch nowHe added that Volkswagen has established "huge cost initiatives" and sees big opportunities to scale up its EV production while reducing battery production costs by 50%. Our electricity costs compared to China or North America are too high," Skoda CEO Klaus Zellmer told CNBC on Monday.
Persons: Oliver Zipse, Christophe Périllat, Luca De Meo, Ampere, De Meo, CNBC's Annette Weisbach, Oliver Blume, " Blume, Blume, Klaus Zellmer, Joe Biden's, BEV, Zellmer Organizations: BMW, IAA, Getty, CNBC, Volkswagen, Renault, IAA Mobility, SAIC, Horizon Robotics, Volkswagen Group, CRU Group, Skoda Locations: Munich, China, Europe, North America, U.S, Canada, Spain, Germany
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
Analyst explains what's behind nickel's volatility
  + stars: | 2023-06-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst explains what's behind nickel's volatilityDaniel Morgan, mining and metals research analyst at Barrenjoey, explains why nickel is a "devilish commodity to unpack."
Persons: Daniel Morgan
"Indian iron ore exports … have really come off in the last few months. India's exports of iron ore plunged by 90% year on year in October last year, and recorded an year-on-year decline as steep as 96% in September. Udit Kulshrestha | Bloomberg | Getty ImagesAccording to Refinitiv, around 60% of global iron ore exports are destined for China. Iron ore exports from India were affected by a 50% tax on low-grade iron ore exports, which was reversed in late November. India's iron ore exports won't be the biggest factor in price volatility, however.
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