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Precious Metal - Global Market Outlook (2019-2027)

According to the report, the Global Precious Metal market accounted for $182.10 billion in 2019 and is expected to reach $419.66 billion by 2027 growing at a CAGR of 11.0% during the forecast period. Demand for the product in jewelry application and increasing use of palladium & platinum metal in electric vehicles industry are the major factors driving the market growth. However, government restriction on mining and rare availability of the coal, gold, platinum, and silver is restraining the market growth.

A precious metal is a unique, naturally occurring metallic chemical metal of high financial value. Chemically, these are less reactive than most of the other elements. They have high luster and are usually ductile in nature. Historically, these products were significant as currency but are now more viewed mostly as investments and industrial commodities.

Based on product, the silver segment is likely to have a huge demand due to its wide usage across the industrial and jewelry sector, coupled with low cost as compared to its counterparts. By geography, Asia Pacific is going to have a lucrative growth during the forecast period. The region comprises the upcoming global powerhouses, such as India, Japan, and China. The strong domestic manufacturing sector of China is the key factor driving the demand for the aforementioned commodities in the country.

One of the key players profiled in the Precious Metal Market is Eurasia Mining PLC

Candles indicating strong upward trend coming over the next few days.

Someone is picking up chunks in the background, tick up coming.

2nd top up on todays lows. Thank you naysayers, much appreciated.

You bought here for a reason. Be confident in your convictions, this will move upwards very quickly on news.

Pressure building to let this go higher in coming days and weeks ahead.

In their 2021 outlook report released at the start of the week, analysts at Metals Focus said that they see prices pushing to $3,000 an ounce next year.

“Metals Focus believes the palladium rally will regain momentum in 2021 due to the widening physical deficit, itself almost exclusively driven by solid gains in the automotive sector,” the analysts said. “Palladium will achieve its tenth successive deficit and lead to a further fall in above-ground stocks. This in turn will help underpin the expected price upside we are calling for in 2021.

Platinum price has advanced above $1000 in the first week of December, supported by the news that the FDA is likely to approve the coronavirus vaccine. News that the U.K. will start to distribute a coronavirus vaccine next week also adds further support to this precious metal. According to the rules of technical analysis, the current trend of this precious metal remains bullish. If the price jumps above $1100, the next price target could be around $1150 or even $1200.

MMs playing with the weak. Hold on to your golden tickets and simply top up.

Upwards trend coming, after hours buys, plus NN meeting this week. Could be the week we have been waiting for!

Someone is accumulating large numbers. Tells you all you need to know

From Eurasia Mining website

14/12/20 17:42 500,000 37.17 0.00 0.00 £185,833.30 Buy
14/12/20 17:38 500,000 37.61 0.00 0.00 £188,055.55 Buy
14/12/20 17:15 1,000,000 36.30 0.00 0.00 £363,000.00 Buy
14/12/20 17:07 119,658 38.25 0.00 0.00 £45,769.18 Buy
14/12/20 16:39 6,000 37.40 36.50 37.50 £2,244.00 Buy
14/12/20 16:37 700,000 37.86 36.50 37.50 £264,999.00 Buy
14/12/20 16:35 100,000 37.40 36.50 37.50 £37,400.00 Buy
14/12/20 16:34 113,130 38.50 36.50 37.50 £43,555.05 Buy
14/12/20 16:30 112,840 39.30 36.50 37.50 £44,346.12 Buy
14/12/20 16:30 290 38.50 36.50 37.50 £111.65 Buy
14/12/20 16:30 27,492 38.00 36.50 37.50 £10,446.96 Buy
14/12/20 16:29 256 37.48 36.50 37.50 £95.95 Buy
14/12/20 16:29 10,000 37.48 36.50 37.50 £3,748.00 Buy
14/12/20 16:28 520 37.48 36.50 37.50 £194.90 Buy
14/12/20 16:28 2,652 37.48 36.50 37.50 £993.97 Buy
14/12/20 16:28 13,340 37.48 36.50 37.50 £4,999.83 Buy
14/12/20 16:27 2,500 37.48 36.50 37.50 £937.00 Buy
14/12/20 16:27 1,336 37.48 36.50 37.50 £500.73 Buy
14/12/20 16:27 13,335 37.49 36.50 37.50 £4,999.94 Buy
14/12/20 16:27 103,990 37.49 36.50 37.50 £38,990.95 Buy
14/12/20 16:27 1,362 37.15 36.50 37.50 £505.98 Buy
14/12/20 16:27 59,292 37.15 36.50 37.50 £22,026.98 Buy
14/12/20 16:26 5,334 37.49 36.50 37.50 £1,999.98 Buy
14/12/20 16:26 5,000 37.49 36.50 37.50 £1,874.74 Buy
14/12/20 16:25 100,000 38.00 36.50 37.50 £38,000.00 Buy

Absolutely Coastliner88, I've also added today. Got to be mad to sell as we're so close.

Remember, BASHERS NEVER Bash A BAD STOCK. Check the boards for stocks with no potential. They never have any Bashers. Bashers only go after stocks that are moving up or have excellent potential to do so. Bashers work to bring the price down to either increase their position at the expense of others or get paid to help a Short make their bones. They are going to kick up as much dusk as they can before the sale is announced.

MMs playing with your mind. Don't be fooled into selling your golden tickets. Top up and hold for gold.

History of Eurasia Mining. Part 3 of 3

The Eurasia Mining team
The company brought in a safe pair of hands to lead the sale, appointing former non-executive director James Nieuwenhuys as the new chief executive. He brings with him experience of both the South African platinum industry and Russia’s precious metals production, having previously worked as the CEO of South Africa’s Lesotho Platinum and the COO at Russia’s gold producer Polyus Gold. Nieuwenhuys joined Eurasia last November after completing due diligence for a buyer.

The mining company’s financials are not yet as strong as they could be, but are continously improving. Eurasia’s revenue declined to £1.13m in 2019, down from £2.57m the year before, but during that year the company bought its own mining equipment which allowed it to gain full control of the West Kytlim in June this year.

When Eurasia Mining initially started mining in 2018 the mine was operated by a contractor and the revenue was split, with Eurasia Mining keeping 35%, whereas now all of the revenue goes to the company. The net loss in 2019 also decreased to £800,000, down from a £2.62 million in 2018. In the first six months of this year the firm’s revenue was £48,000 while the net loss widened to £1.1m.

“The Company is in a strong financial position, considerably stronger than at any point in the past decade. Following the completion of the placing with institutional investors announced in August 2020, the company raised $10m,” said Christian Schaffalitzky, Eurasia’s executive chairman.

The miner has no debt and it still has an unused credit line of $1m from its largest shareholder, put in place in June 2018.

Eurasia Mining shares spike
The planned sale has sparked a lot of investor interest and shares have been rising all of this week, rallying from 18.75 at the end of September to 30.50 today. Given the overall state of the platinum and palladium market, the interruptions in South African output of PGMs because of COVID and the strong demand from the car industry, PGM prices may have some way to go. A solid operational setup and a positive PGM price picture mean that the miner is well positioned for a very lucrative sale running into several billions of dollars.

History of Eurasia Mining Part 2 of 3

Mining in the age of corona
Throughout the pandemic Russia has had a high number of daily cases and has locked its borders for the better part of spring and summer, making it difficult for non-Russians to enter. At the same time the country was keen to avoid interruptions to mining, one of its key industries, and has encouraged miners to continue operating. So throughout the crisis West Kytlim mine remained operational with the open pit operations undergoing only relatively minor adjustments to ensure staff safety.

In the broader platinum and palladium market COVID played a convoluted role this year. South Africa’s production, the world’s largest, completely stopped between March and April and then only came back in dribs and drabs. While you might expect that this caused platinum and palladium to rise, it didn’t. Instead, they plunged to the lowest level since 2008 as car sales ground to a halt during the first wave of lockdowns. Both metals, but particularly palladium are a key component in emission-reducing car converters. Now that the coronavirus is going through its second wave cars have become the preferred mode of travel while public transport remains shunned, a picture that is likely to remain in place for at least another six if not nine months.

History of Eurasia Mining. Part 1 of 3

Three years after it first started digging metal out of the ground, AIM-listed precious metals miner Eurasia Mining (LSE:EUA) is in the process of selling its platinum and palladium assets and projects in Russia.

This year’s pandemic has highlighted how very few independent players remain in the PGMs (platinum group metals) market – note the full South African lockdown – and despite the initial knock to platinum and palladium prices will likely work in favour of Eurasia’s sale plans.

The company is currently in an offer period and has enlisted the likes of UBS and legal firm DLA Piper to work through the sales process. It also has a success-fee arrangement with China’s investment group CITIC, a long-term partner.

Eurasia Mining has not mentioned any potential buyers but the company’s executive chairman Christian Schaffalitzky frequently talks about a rising demand from China’s car producers for PGMs. Given the success-fee arrangement with CITIC it stands to reason that the firm is looking at the Chinese market for a buyer.

Eurasia Mining has one operational mine, West Kytlim in the Urals, which has been producing platinum and several other precious metals since 2018. Over the last year it has gained full control over the mining operations in West Kytlim and has been granted an additional exploration licence for an adjacent project that could expand the life of the mine. It’s other major project is the Monchetundra palladium located, in Russian terms, not far from the border with Finland and only 3km away from Severonickel, one of the largest PGM processing plants operated by Russia’s Norilsk Nickel.

Monchetundra is a fully permited open pit project which will eventually produce palladium, platinum, iridium and gold. In August the company was granted an additional licence for Monchetundra Flanks.

MMs are playing games here. Don't be surprised if share price finishes blue today.

Shares in Russian resources companies are proving remarkably resilient, as lockdowns spread but production continues unimpaired

Since the beginning of 2020, the MOEX Russia Index, which tracks the market capitalisations of Russia’s most valuable companies, is down by nearly 15%.

Not surprising, given the widespread economic chaos caused by the global coronavirus pandemic. But it’s also worth noting that by taking only a moderately more medium-term view, the market is still up, and quite considerably. Eurasia Mining has continued production unimpeded in the current climate.