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Coal futures traded around $119 per tonne, near the highest level since October of 2011, amid higher demand and supply constraints. The demand from Japan and South Korea surged recently amid expectations for a warm northern hemisphere summer. Meanwhile, mining accidents in China, heavy rainfall in Indonesia, and disruptions in Colombia have been impacting supply.
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Get A QuoteTRADING ECONOMICS provides forecasts for Commodity prices based on its analysts expectations and proprietary global macro models. The current forecasts were last revised on June 20 of 2021. Please consider that while TRADING ECONOMICS forecasts for Commodities are made using our best efforts, they are not investment recommendations.
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Get A QuoteThe United States was the second leading producer, followed by Canada, Australia, Spain, Peru, and Russia. The vast majority of the world's silver is used in industrial applications, and the United States is the leading consumer. Other top consumers include Japan, India, and eastern European countries.
Get A QuoteThe cobalt market extended its downward momentum into June, with the London Metal Exchange three-month futures trading around $42,500 per tonne, a level not seen since February, as investors weighed Q1 production reports from the world's largest producers and easing pandemic-related disruptions in the supply chain. Swiss mining group Glencore saw its cobalt production jump 11% to 6.8
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