Archives for November, 2015
There is a common belief that London Metal Exchange (“LME”) stocks of metal reflect the underlying, physical supply/demand balance for that metal. For example, at the beginning of 2015 LME stocks of zinc plunged from 700,000 tons to 440,000 tons over a five month period. This was taken as a…
Lithium is currently one of the most popular members of the periodic table, due to enthusiasm about the growing demand for lithium ion batteries for cars and storage. There is excitement about graphite, for similar reasons. Read more on graphite here. Lithium is the third element in the periodic table,…
Copper is one of the most useful of all metals. Its most important modern property is that it is highly conductive. It has many other applications and was first used over 7,000 years ago for containers and for weapons. Its use today in electricity transmission, electronics and consumer goods makes…
This is an accompanying post to last week’s article on declining commodity demand. All manner of transport statistics are in decline. I shall here focus only on the Baltic Dry Index (“BDI”), which I have posted about previously. In 2014 I argued that the BDI is not necessarily a leading…
Actions by various countries and central banks have led to an apparent disconnect between markets and the actual underlying economy. Most would agree that the global economy is in poor shape and that monetary measures (QE, ZIRP, NIRP and so on) have mainly impacted risk. Too much “free” money chasing…
WCN has 1.08 billion shares on issue and is currently trading at $0.008 for a market capitalisation of $8.6 million. It has just completed a capital raising of $2.3 million, by way of Share Purchase Plan and Placement. This resulted in the issue of 387 million shares at a price…