Market Update


Good afternoon

corporate activity in the gold space continues with speed: Newcrest buying into Greatland Gold´s property in the Paterson province, where RIO have had their recent exploration success. 5 Mill US within 12 month in exploration spend, 65 Mill US over 6 years to get 70%. Following Solgold, Imperial yesterday, and Greatland today, the third potentially large project they invest in - especially the first two might require major capex down the track.

Newmont/Barrick claim an annual 500 mill US$ pre-tax synergies from merging their Nevada assets…big number…let´s wait and see what will actually transpire in hard facts down the track! The number sounds very big…

Don´t ask me, why metals are that strong today…perhaps it´s a culmination of things…the major producers continue to make noise about “earnings rather than growth”, interest rates looking like staying very low for longer, and also the shortage or larger projects coming on stream over the next few years…in any case, up is good! Zinc is the strongest today - up about 3.5%, followed by nickel + 2.5% and copper, up by 1.5%. Also Palladium/Platinum recovering strongly from recent profit-taking,

VW increased it´s targets for EV´s - they want to sell 22 mill EVs in the next 10 years, which represents an increase vs previous target of only 15 mill cars! They say thmeselves: The supertanker is gaining pace! The company is spending 44 bill Euros through to 2023 on electric cars…

I fear not much else worth talking about>!

have a nice evening


Schröder Equities GmbH


80538 München

Tel. +49-89-4613440-0

Fax +49-89-4613440-10




eingetragen im HR München, HRB 166985

Geschäftsführer: Wilhelm Schröder


The information contained in this communication is confidential and is intended only for the use of the addressee. Unauthorised use, disclosure or copying is strictly prohibited. If you have received this communication in error, please delete it and notify us by telephone at +49-89-4613440-0, by fax at +49-89-4613440-10 or by e-mail at immediately. Please note that this communication does not constitute and may not be construed as investment advice and / or referral to buy or sell financial instruments. Unless specified otherwise, the views expressed in this communication are solely subjective notions of the individual sender and / or the entity or individual stated as the author of any information submitted. Performance in the past may in no case be considered as an indication for future performance. Please also note that Schröder Equities GmbH and / or its officers or employees may have interests in financial instruments referred to this communication. A current list of shareholdings can be emailed on request. Furthermore, our clients are hereby informed that Schröder Equities GmbH renders advisory services to Nestor Australien Fonds, an investment fund administered by Nestor Investment Management S.A. Luxemburg. Please also note that e-mails can be intercepted by