Huatai-PB CSI Non-Ferrous Metal Kuangye Theme ETF(159693.SZ)

Metal frenzy reaches a climax! Silver breaks 100 for the first time, gold approaches 5,000 USD, and London copper rises above 13,000

Trump stated that the U.S. is mobilizing heavy troops towards Iran, with many vessels heading in that direction, which is seen as a driver for metals to rise on Friday. The "fear of missing out" (FOMO) mentality also boosted silver and gold prices. Additionally, silver received support from industrial demand and Chinese buying, while gold became a hedge against Trump's uncertainty. The disruption in supply from the Mantoverde copper-gold mine in Chile and the weakening dollar both contributed to the rebound in London copper

LME copper futures rose by $360, closing at $13,115 per ton. LME aluminum futures increased by $36, closing at $3,169 per ton. LME zinc futures gained $50, closing at $3,260 per ton

The Shanghai Futures Exchange issued a public consultation announcement regarding the revision of the "Shanghai Futures Exchange Nickel Futures Business Rules."

The Shanghai Futures Exchange announced that it plans to revise the "Nickel Futures Business Rules" and is seeking public opinions

The Trump administration accelerates deep-sea mining approvals to compete for critical minerals

The Trump administration on Wednesday significantly simplified the deep-sea mining permit process, aiming to accelerate the extraction of key metals such as copper and cobalt from the Pacific seabed and reduce reliance on non-U.S. supplies. According to data from the U.S. Geological Survey, the nodules in the Clarion-Clipperton Zone, located three miles below the surface of the Pacific and 500 miles southeast of Hawaii, contain nearly twice the nickel content of known terrestrial reserves, 20% more manganese, over three times the cobalt content, and a large amount of copper

Metal Markets Report For Thursday, Jan 22

In the latest Metal Markets Report, Ira Epstein discusses the impact of geopolitical events, particularly President Trump's actions at Davos, on trade relations and tariffs. He notes significant movements in silver and gold prices, including a parabolic rise in gold and bullish market signals. Epstein also analyzes the U.S. dollar's potential short-term top and its effects on metals, along with the gold-silver ratio and the copper market's current state, highlighting the importance of market momentum driven by global events.