Study: Mobile shopping and purchasing have become the norm worldwide
Study: Mobile shopping and purchasing have become the norm worldwide
Mobile Payments Today
http://www.mobilepaymentstoday.com/news/study-mobile-shopping-and-purchasing-have-become-the-norm-worldwide/
Mobile shopping and purchasing have become the norm across the globe as 75 percent of smartphone and tablet users said they have purchased a product or service on their devices in the past six months, according to new report from the Interactive Advertising Bureau.
The study, Mobile Commerce: A Global Perspective, is an in-depth survey of mobile users from 19 countries around the world, according to a press release about the report.
Among these recent mobile purchasers, nearly a quarter (23 percent) buy on mobile devices on a weekly basis. Mobile purchasers in Turkey and China report the greatest percentage of their total monthly purchases on smartphones or tablets (44 percent and 42 percent, respectively). Those in the U.K., Singapore, and Australia say they make a third or more of purchases on mobile screens.
Overall, 57 percent of the mobile purchasers surveyed say that they have been buying on mobile for over a year. More than a quarter (28 percent) made their first mobile purchase in the last six months. Austria, Peru, and Colombia are key new adopter markets, with significantly more consumers making their first purchase on mobile within the past year, followed by Mexico, France, Turkey, and Chile.
The mobile shopping experience, enhanced by the combination of convenience, time saving, and price, won high marks from the majority (80 percent) of those polled. Sixty-two percent plan to purchase more products and services via their smartphone or tablet in the next six months. Mobile purchasers in the U.K., Brazil, France, Ireland, and Peru expressed the greatest propensity for increasing their mobile shopping activities.
Seventy-six percent of mobile purchasers said that they had engaged with a mobile ad in the last six months. On average, 33 percent clicked on the ad to find out more information, while 28 percent clicked to visit the advertisers’ websites, and 21 percent clicked to purchase. Brazil, Canada, Colombia, the U.K., and the U.S. reported the highest levels of clicking to purchase.
Social media plays an important role. Sixty percent of mobile purchasers from around the world saying they often discover products and services to buy on social platforms. More than one-third (36 percent) of mobile purchasers leverage social media to share their mobile purchase experience.
“Pressing the ‘buy’ button on mobile devices is now a regular occurrence the world over,” said Anna Bager, senior vice president of mobile and video at IAB. “Marketers and media agencies need to fully embrace smartphones and tablets as a critical pathway for all shopping activities and increase investment if they want to build meaningful relationships with mobile consumers, driving them from discovery to purchase.”
View Original: http://www.mobilepaymentstoday.com/news/study-mobile-shopping-and-purchasing-have-become-the-norm-worldwide/
- Published in Blog, Business, Financial Technology, Mobile Technology, Technology
MOBI724 Global Solutions (MOS:CSE) Closes $ 750,000 Private Placements
MOBI724 Global Solutions (CSE:MOS) Closes $ 750,000 Private Placements
– Momentum Public Relations –
Press Release: October 7, 2016
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(CSE:MOS.CN), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing is pleased to announce that on October 5, 2016, it has successfully closed a first tranche equity private placement in the aggregate amount of $250,000.00 dollars by issuing 5,000,000 common shares (“Shares”) at $0.05. The private placement included a conversion of bona fide debt in the amount of $25,344.51. For each common share received, the subscribers were issued one common share purchase warrant at an exercise price of $0.15 exercisable on or before August 31st, 2018 after which they shall expire.
The Company has also closed a secured convertible debenture (“Convertible Debenture”) private placement in the amount of $500,000.00. The Convertible Debenture will (i) mature on March 30, 2018 (the “Maturity Date”), (ii) bear interest at a rate of 8 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per annum, (iii) be convertible at the option of the holder into common shares of the Company (the “Shares”) on or prior to the expiry of the Term at a price of $0.15 (the “Conversion Price”) and (iv) be secured by the receivables of the Company limited to 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the gross revenues. Payments shall be effected every 6 months and shall be limited to 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the gross revenues collected and the holder shall have the option to be paid in cash or convert into Shares at the Conversion Price. The Company has the option to redeem the Convertible Debentures at any time prior to the expiry of the Term without penalty. Due to pari passu provisions in an existing and outstanding debenture recently issued to an institutional investor, the Company is also granting the same security in favour of the existing debenture holder.
The Shares and Convertible Debenture were sold pursuant to exemptions from prospectus requirements to purchasers in Canada and are subject to a hold period of four months and one day following the closing of the private placement. The Shares are listed on the Canadian Securities Exchange (CSE). The Company will use the net proceeds to support project deployments of the Company’s solution, for ongoing obligations and for working capital requirements. Since August 31, 2016, the Company has raised $ 2.25 million dollars and is currently working on closing another tranche of funding this month as previously announced.
The Company also announces that it recently ended its relationship with its current CFO-COO and that Mr. Michel David Pereira CPA CA will continue to execute the quarterly consolidated financials with internal accounting staff. The CEO, Marcel Vienneau stated that “we are currently concentrating our efforts in soliciting new team members.”
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS)(CSE:MOS.CN), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
For more information on its products and on MOBI724 Global Solutions, visit www.mobi724globalsolutions.com.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home
IWS Announces Establishment and Appointments to Advisory Board
IWS Announces Establishment and Appointments to Advisory Board
– Momentum Public Relation –
Press Release: October 6, 2016
International Wastewater Systems Inc. (the “Company”) (CSE:IWS)(CSE:IWS.CN) (FRANKFURT:IWI) (OTC PINK: INTWF) is pleased to announce the establishment of an Advisory Board consisting of industry leaders from the renewable energy, construction and real estate sectors. Immediately, the Advisory Board will consist of Mr. Bruno Thiemann and Mr. David Hatherton.
Bruno Thielmann has played a key role in many of the largest development projects in the Greater Vancouver Area as well as the provinces of British Columbia and Alberta, with 40 years’ experience in multi-family, commercial and industrial land developments. As Director of Land Development at WesGroup Income Properties LP, Mr. Thielmann provided construction management and land development expertise for a wide range of projects . Mr. Thielmann has worked with numerous First Nations groups throughout his career aiding their vision of economic independence through run-of-river power projects, forestry, and aqua-culture. He currently serves as a Director for the Klahoose First Nation Development Corporation and advises the Musqueam First Nation in the development of a 22-acre site for 1.25 million square feet of mixed use residential projects.
David Hatherton has been a leader in the domestic and international geothermal, renewable, and energy efficiency industries for 25 years. Companies that Mr. Hatherton has co-founded have installed over 250,000 systems, accounting for approximately US$2.5 billion in retail sales. David was the co-founder of companies including EarthSystems/WaterFurnace Canada, WaterFurnace International (Fort Wayne, Indiana), and NextEnergy Inc. Among his many contributions to industry associations, Mr. Hatherton was the founding President of the Canadian Earth Energy Association and initiated the Ontario Hydro GSHP incentive program with 7,000+ installations. During the administration of President Clinton, Mr. Hatherton was the key industry representative providing successful congressional testimony in the launch of the US$100 million Department of Energy (DOE) – Geothermal Heat Pump Consortium’s National Earth Comfort Program, part of the Clinton/Gore Climate Change Action Plan.
Lynn Mueller, CEO of IWS commented: “We are very pleased to welcome David Hatherton and Bruno Thielmann to IWS’s newly formed Advisory Board. Both David and Bruno are highly regarded industry experts; they provide ongoing advice and access to their vast networks to facilitate the adoption of IWS’s world-leading thermal heat recovery equipment. “
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. is a world leader in thermal heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings. IWS is publicly traded in Canada (CSE:IWS)(CSE:IWS.CN), the United States (OTC PINK:INTWF) and Germany (FRANKFURT:IWI).
- Published in Green Technology, International Wastewater Systems, News Home
Namaste (N:CSE) Announces Non-Brokered Private Placement of Units
Namaste Announces Non-Brokered Private Placement of Units
Namaste Technologies Inc. (“Namaste” or “Company”) (CSE:N)(CSE:N.CN)(FRANKFURT:M5BQ) announces a non-brokered private placement financing of units of the Company (“Units”) at a price of $0.12 per Unit, with each Unit being comprised of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (a “Warrant”), with each full Warrant being exercisable for one Common Share at an exercise price of $0.20 per Common Share for a period of 24 months (the “Offering”).
The Offering will consist of up to 16.67 million Units issued for total gross proceeds of $2,000,000. The proceeds of the Offering will be used to fund the acquisition of certain assets of URT1 Limited and its subsidiaries (including wind down and restructuring charges), inventory expansion, commercialization of new products and general corporate purposes. The proceeds will be released to the Company concurrently with the closing of the Offering which is expected to occur on or about October 13, 2016.
Closing of the Offering is subject to the following:
- Receipt of all necessary regulatory approvals, including without limitation, CSE approval if required; and
- Execution and delivery of standard documentation containing typical representations and warranties, covenants, conditions and other provisions.
All securities issued in connection with the Offering are subject to a four month and a day hold period. Finder’s will be paid a cash fee equal to 7{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the gross proceeds raised in the Offering. In addition, Finder’s will receive broker warrants (“Broker Warrants”) exercisable for Units equal in number to 7{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the number of Units sold under the Offering. The Broker Warrants will be exercisable at a price of $0.12 per Unit for a period of 24 months after the closing of the Offering.
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 ecommerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
On behalf of the Board of Directors
Sean Dollinger, Chief Executive Officer
Further information on the Company and its products can be accessed through the link below:
- Published in Namaste Technologies
RewardStream (REW:tsxv) Launches Referral Marketing System for E-Commerce Company iPromo.com
RewardStream Launches Referral Marketing System for E-Commerce Company iPromo.com
– Momentum Public Relations –
Press Release: October 5, 2016
Rewardstream Solutions Inc. (REW:tsxv) has launched the refer-a-friend program for iPromo, an on-line provider of high-quality promotional products for more than 45,000 customers around the world, including most Fortune 500 companies.
“We are excited to be supporting iPromo as they seek to grow their business through the power of referrals,” said Rob Goehring, chief executive officer of Rewardstream. “iPromo offers their customers exceptional products and services through their on-line e-commerce platform, and now they’ll be able to leverage their strong customer relationships to acquire new business through referrals. We are proud that our efforts are improving the business results for a growing number of e-commerce businesses.”
iPromo customers will be able to refer their friends and business colleagues using e-mail, social media applications and word of mouth via iPromo’s new refer-a-friend program running on Rewardstream. The Rewardstream platform handles all of the on-line interactions, data analysis, fraud detection and reward management, making it a simple, integrated offering for iPromo.
“iPromo places a high value on our loyal customers, and we’re delighted to be able to reward them for their business referrals,” said Leo Friedman, chief executive officer at iPromo. “We know how important referrals are to our business, and we love being able to make our promotional products and services available to new customers.”
Rewardstream allows on-line shoppers to refer their friends to those stores seamlessly while shopping on-line. Advocates and their friends can be rewarded for their referrals and all activity is tracked in Rewardstream’s high-volume and scalable referral platform. Rewardstream offers the largest number of referral options with support for e-mail, Facebook, Twitter, Gmail, text message, WhatsApp, face to face and many other social channels.
About Rewardstream Solutions
Rewardstream’s award-winning marketing solutions have powered loyalty and referral marketing programs across 39 countries for brands including Boost Mobile, Virgin Mobile, Envision Financial, Koodo Mobile and more.
- Published in News Home, RewardStream, Technology
Jet Gold 2,105,000-share private placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 28, 2016.
Number of shares: 2,105,000 shares
Purchase price: seven cents per share
Warrants: 1,052,500 share purchase warrants to purchase 1,052,500 shares
Warrant exercise price: 17 cents for a two-year period
Number of placees: seven placees
Finder’s fee: $1,344 payable to Mackie Research Capital
Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Deep South Resources Inc., Mining, News Home
Namaste Announces (N:CSE) Two New Partnerships
Namaste Announces New Partnerships With Sneaky Pete and VaporTownUSA
– Momentum Public Relations –
Press Release: October 4th, 2016
Namaste Technologies Inc. (“Namaste” or “Company) (CSE:N)(FRANKFURT:M5BQ) is pleased to report that it has entered into two new strategic partnerships to expand its market presence as the leading e-commerce company focused on vaporizers and accessories. The partnerships are with well-known online reviewer Sneaky Pete (SPV Enterprises LLC) and VaporTownUSA.com. Both these partnerships are anticpated to enhance the overall revenue of Namaste through online video reviews, high quality links to the Namaste sites and expansion of sales channels internationally. Additional information can be accessed on each of the entities at www.sneakypetestore.com and www.vaportownusa.com.
Sneaky Pete is a leading source of information for cannabis consumers that has generated hundreds of thousands of YouTube views. Sneaky Pete’s professional quality reviews focus on the latest vaporizer products and are often a first place of reference for product consumers. Sneaky Pete’s videos drive traffic to Sneaky Pete’s online store as well as affiliate traffic to Namaste. Under this new partnership, Namaste will manage all credit card processing, logistics and inventory fulfillment. SPV Enterprises will be compensated based on Namaste’s drop shipping price platform. Namaste has already begun the integration of Sneaky Pete’s online store and expects a live launch on or about October 10, 2016. Namaste will utilize its e-commerce resources to enhance video rankings and conversion rates for Sneaky Pete’s Youtube channel and retail store.
VaporTownUSA.com is an existing online retail site for vaporizers and accessories. Namaste will be managing sales, customer service and logistics for VaportownUSA.com and net profits will be shared between VaporTownUSA.com management and Namaste equally. Through this relationship, Namaste plans to expand VaporTownUSA’s product offering and increase sales by utilizing search engine optimization and inbound marketing techniques. VaporTownUSA generated approximately C$200,000 of revenues in 2015
Management Commentary
Mr. Sean Dollinger, President and CEO of Namaste, comments: “These new partnerships with Sneaky Pete and VaporTownUSA represent our company’s strategy to build and nurture strategic relationships within our industry through exposure to new sales channels and growth through online retail consolidation. We have always been strong supporters of Sneaky Pete and are very proud to have him on as a part of our team. Likewise, the partnership and integration of VaporTownUSA represents another aspect of our strategy in operating existing retail sites. Namaste continues to pursue multiple additional partnerships of this nature.”
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 ecommerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
On behalf of the Board of Directors
Sean Dollinger, Chief Executive Officer
Further information on the company and its products can be accessed through the link below:
- Published in Namaste Technologies, News Home
Puma Exploration Samples 6.04 Zn Over 3.0 Meters at Red Brook Cu-Au-Zn Skarn
Puma Exploration Samples 6.04{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn Over 3.0 Meters at Red Brook Cu-Au-Zn Skarn in New Brunswick
– Momentum Public Relations –
Press Release: October 3rd, 2016
Puma Exploration (TSX VENTURE:PUM)(SSE:PUMA) has completed its preliminary channeling program on the Red Brook Skarn property located in New Brunswick. The high grade zinc skarn discovered during the stripping has been confirmed with 2 channels sampled in Zone A with respectively 6.04{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn over 3.0 meters and 5.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn over 1.5 meters. All the samples collected show significant copper background content with an average copper grade of 0.20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu for the entire 119 channel samples. A gold and copper association has been observed in channels particularly in zone A with 0.10 g/t Au and 0.23{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu over 15.8 meters.
Following the grab results of the first phase of exploration, grading up to 15,05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 0,55{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu and 2,62 g/t Au (Press release 2016/09/20), Puma’s technical team has been performing channel sampling on the four (4) mineralized excavated zones of the Red Brook property. Seven (7) channels have been collected on both Zones (A and B) for a total of 64.3 meters of channel distributed in 119 individual samples.
The channels were selected to confirm the high grade grab samples results and to study the metal zonation of the Zinc and Gold within the Copper mineralization.
Table 1: Channel samples results on the Zones A and B
Channel | Zone | From | To | Length | Au | Ag | Cu | Zn |
# | (m) | (m) | (m) | g/t | g/t | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
RRB16-01 | A | 2.0 | 8.0 | 6.0 | 0.17 | 1.85 | 0.25 | 0.02 |
RRB16-02 | A | 1.5 | 17.3 | 15.8 | 0.10 | 1.34 | 0.23 | 0.55 |
inclus | 5.5 | 8.5 | 3.0 | 0.01 | 1.43 | 0.12 | 2.91 | |
inclus | 6.0 | 7.5 | 1.5 | 0.00 | 1.56 | 0.11 | 5.20 | |
inclus | 8.5 | 17.3 | 8.8 | 0.14 | 1.37 | 0.28 | 0.01 | |
RRB16-03 | A | 0.0 | 11.0 | 11.0 | 0.07 | 1.93 | 0.23 | 1.68 |
inclus | 0.0 | 1.5 | 1.5 | 0.29 | 2.56 | 0.26 | 0.01 | |
inclus | 6.5 | 10.5 | 4.0 | 0.01 | 1.91 | 0.19 | 4.59 | |
inclus | 6.5 | 9.5 | 3.0 | 0.00 | 1.90 | 0.20 | 6.04 | |
RRB16-04 | B | 0.5 | 3.0 | 2.5 | 0.10 | 3.06 | 0.27 | 0.00 |
RRB16-05 | B | 0.0 | 6.0 | 6.0 | 0.04 | 1.07 | 0.11 | 0.00 |
RRB16-06 | B | 0.0 | 6.5 | 6.5 | 0.05 | 0.96 | 0.23 | 0.00 |
RRB16-07 | B | 0.0 | 6.6 | 6.6 | 0.00 | 0.84 | 0.16 | 0.01 |
In the light of the first channel results obtained, Zone A shows a higher grade Zn-Au-Cu. Zone B, located 300 meters south of the Zone A, shows the same background of copper in the skarn but with limited gold and zinc enrichment.
More stripping operations will be conducted on Zone B to verify any gold and zinc rich areas of the mineralization which is open in all directions. Currently, more channels sampling is ongoing on the Zone A to extend the known massive sulphide high grade gold and zinc areas.
Puma’s geologists have finalized the compilation of previous work done on the Red Brook property and the surrounding Popelogan area. It appears that the Popelogan Deposit is located on the southern edge of Zone B within Puma’s claims. The newly discovered Zone B could be the extension of the Popelogan Deposit reported to have an historical resources of 3.1 M tons at 0.3 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu. The historical resources as been defined by Noranda in 1960 by 20 drillholes and were prepared prior to the implementation of NI43-101 and use terminology not compliant with current reporting standards. Puma has not made any attempt to re-classify the estimates according to current standards of disclosure and is not treating the estimate as current mineral resources or mineral reserves. Historical estimates should not be relied upon.
The property covers an area underlain by Ordovician volcanic and Silurian sediments intruded by Devonian intrusions, similar in age and composition of the Gaspe intrusive.
About Red Brook Property
The Red Brook project comprises 23 claims totaling 500 hectares located 50 km west of Nicholas-Denys Project. The property has been acquired from a local prospector in 2016 following the discovery of a high grade Zinc zone contained in massive sulfides. This mineralized zone is located at the contact of an intrusive body in a folded limestone horizon which is part of the Popelogan terrane. The Popelogan deposit is located within the Reb Brook Property.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are the Turgeon Zinc-Copper Project and the Nicholas-Denys Project in New Brunswick and their equity interest in BWR as related to the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick. Canada.
- Published in Mining, News Home, Puma Exploration
Precious metals, nickel, zinc likely to outperform over next 2 years — analysts
Image by Sam Valadi | Flickr | Creative Commons.
Precious metals, nickel, zinc likely to outperform over next 2 years — analysts
Cecilia Jamasmie – Mining.com
http://www.mining.com/precious-metals-nickel-zinc-likely-to-outperform-over-next-2-years-analysts/
Despite some ups and down, 2016 has been a good year for commodities. By June, prices of most metals and minerals were very close to enter into bull market territory (defined by a 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} increase from previous lows), rebounding from their lowest in at least 25 years.
And while some raw materials have lost some of those gains since the Brexit vote, analysts such as those at Macquarie Bank believe the upward trend is here to stay. What’s more, they expect most commodities to either stabilize or increase over the next 12-24 months.
“We have seen a shift to the right for many, with inventories now starting to draw,” Macquarie Bank’s commodity research team writes.
Commodities to lead the pack in the short term, the note adds, are alumina, nickel and cobalt. But when talking about a longer-term outlook, the analysts place their bet on gold, silver, zinc, nickel, chrome and US natural gas.
They are not as optimistic when it comes to potash, aluminum, steel and LNG, as the bank believes those commodities will continue face challenges over the next two years.
Macquarie is not alone in forecasting better times ahead. Barclays’ commodities research team also released a note midweek warning that, despite a likely fourth-quarter weakness coming up, commodities will regain strength in coming months.
Factors that support such believe, FT.com reported, include improving economic conditions in Asian markets and a weakening US dollar.
The article also said the bank cited a reduced emphasis on monetary policy, which could see governments use more fiscal expenditure to boost growth in the form of commodity-using infrastructure projects.
A third factor boosting commodity prices, according to Barclays, is investors’ increasing confidence, with cash flows into commodity funds totalled roughly $55 billion from January to August, beating the previous record for the same period in 2009.
View Original: http://www.mining.com/precious-metals-nickel-zinc-likely-to-outperform-over-next-2-years-analysts/