SwapX Weekly Report 12/11/2021
Chrome Ore market prices, insights by origin on the 12 November 2021.
CHROME MARKET ANALYSIS
STATS SA latest release for September 2021 indicates a mining production decrease of 3,4% year-on-year. However, there was a positive increase in mining production and sales of Chrome Ore by 4,9% and 1,4%, respectively, year-on-year for September 2021.
As previously stated, inflation in the US and Spain continues to explode to the upside. Likewise, commodities and Bitcoin continue to provide a hedge against inflation as predicted.
Furthermore, a Bloomberg survey indicates lowered economic growth forecasts by economists for China in the coming year. Consequently, due to a decrease in energy output and slowing growth in China’s property market.
Additionally, for the climate goal of net-zero carbon emissions, it would cost the world’s economy $100 trillion to achieve. Hence, decarbonisation is a megatrend that could disrupt future mining investment.
(Report by W. Kieser)