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Energodigest

Analytics and updates on key energy events from the B1 Moscow Energy Center.

China spreads its wings over cobalt

The global cobalt market is going through change as more supplies flow into it from top-producing countries, primarily the Democratic Republic of the Congo (DRC), which accounts for 68% of the world’s cobalt ore output.

21.12.2023
Metals

Coal holds its ground

One of the key issues brought to the table at the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) in Dubai is the transition away from fossil fuels in energy systems, including by ‘accelerating efforts towards the phase-down of unabated coal power.’

14.12.2023
Metals

Green hopes for the platinum industry

Gold prices climbed to a six-month high of $2,000 per troy ounce at the end of November, propped up by a softer dollar. Market players are waiting for updated figures on the state of the US economy and for the Fed’s reaction to see whether the price will hold at this peak.

01.12.2023
Metals

Copper in a fragile balance

Copper prices continue on the down path, having tumbled to an average of $8,560 per tonne since the beginning of this year, a marked fall from $8,790 in 2022 and $9,300 a year earlier.

27.10.2023
Non-ferrous metals

Nickel caught in a bear hug 

London Metal Exchange (LME) warehouse nickel stocks have been shrinking since the end of last year as monthly averages plummeted from 66,600 tonnes in 2022 to 41,700 tonnes in the first nine months of 2023, having bottomed out at 37,000 this August.

21.09.2023
Metals
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