According to the Bloomberg Commodity Index, global metal ore prices entered the recovery phase, with metal aluminum accumulating more than 20% this year and the aluminum price in the first week of August rose to $ 2,000 / tonne to the highest level since December 2014. Aluminum prices are still significantly higher than the 50 and 200 day moving average since the international market this year, cobalt prices rose 110.3%, palladium rose about 39.5%, platinum rose 5%, lithium carbonate increased by 11.15% in the past six months. Metal industry mergers and acquisitions, acquisition activities also increased significantly.Although the second half of this year, copper prices stagnated, but in July rose 7% of copper prices.Many experts said that the next few years copper market.
Goldman Sachs and other companies predicted that there will soon be a shortage of supply, resulting in further rise in copper prices last year, the world's lead production remained strong, as the world's largest producer of lead, China's environmental requirements this year to further improve the environmental inspectors in Sichuan Province has led to about 60% Of the zinc-lead mine shut down, many other small areas of the 'three no' renewable lead enterprises have also been fined off a large number of hidden refining lead production disappeared, which means that the next few months lead supply will further tighten another key factor Is the decline in inventories since the middle of May, the London Metal Exchange (LME) lead inventories fell 17%, write-off warehouse receipts by 40% .According to the international lead and zinc research group report data: 2017 years ago, Demand rose 11.15%, of which the United States rose 22%, China rose 16.4%, Europe rose 1.5%, the global lead supply gap of 68,000 tons.
In the first quarter of this year, the amount of mining financing was $ 9.57 billion, up from the fourth quarter of last year ($ 7.14 billion), almost doubling in the first quarter of last year ($ 5.14 billion), and mining financing activities improved markedly as the beginning of the market , The number of mid-level exploration companies, despite a sharp decline in April from 235 in March to 158, but the amount of financing from $ 726 million in March to 1.23 billion US dollars, or up to 70%. The second highest month since July 2014 shows that social capital's confidence in mining prospects is recovering, and many companies have not only started using the remaining funds to carry out mineral exploration, but also carry out acquisitions, along with a number of mining companies In repurchase debt, showing signs of recovery.
