Global metal ore prices into the recovery of the road

According to the Bloomberg Commodity Index, the global price of various types of metal ore into the recovery of the road. Metal aluminum rose more than 20% this year, the first week of August aluminum prices rose to 2,000 US dollars / ton, to the highest level since December 2014 the highest level. Aluminum prices are still significantly higher than the 50 and 200 day moving average. Since the beginning of this year, the international market rose 110.3% cobalt prices, palladium rose about 39.5%, platinum rose 5%, lithium carbonate rose 11.15% in the past six months. Small metal industry mergers and acquisitions, acquisition activities also increased significantly. Copper prices in the second quarter of this year, stagnant, but July copper prices rose 7%. Many experts expressed optimism about the copper market in the next few years. Goldman Sachs and other companies forecast soon after the supply shortage, leading to further rise in copper prices. Last year, global lead production remained strong, as the world’s largest lead producer China’s environmental protection requirements this year to further improve. Sichuan Province environmental inspector has led to about 60% of the local zinc-lead mine shutdown, other areas of many small “three no” renewable lead enterprises have also been fined off. A large amount of hidden refined lead production has vanished, implying that lead supply will tighten further over the next few months. Another key factor is the decline in inventories. Since mid-May, the London Metal Exchange (LME) lead stocks fell 17%, cancellation of warehouse receipts by 40%. According to the International Lead and Zinc Research Group report data: 2017 years ago, the global lead market demand rose 11.15%, of which the United States rose 22%, China rose 16.4%, Europe rose 1.5%, the global lead market supply gap of 68,000 tons

In the first quarter of this year, mining financing amounted to $ 9.57 billion, up from the fourth quarter of last year ($ 7.14 billion), almost doubling year-on-year ($ 5.14 billion) and mining financing activity improved significantly. The amount of financing for the initial and mid-level exploration companies, as a sharp decrease in April, decreased from 235 to 158 in March, but the amount of financing increased from $ 726 million in March to $ 1.23 billion, up 70 %. This is the second highest month since July 2014, showing that social capital’s confidence in mining prospects is recovering. Many companies not only began to use the remaining funds to carry out mineral exploration, but also to carry out the acquisition activities. At the same time, there are some mining companies have been repurchasing debt, showing signs of recovery.