Mining

Gold’s Biggest Winning and Losing Streaks

Published

8 years ago

January 28, 2016

Jeff Desjardins

Gold's Biggest Winning and Losing Streaks

Gold’s Biggest Winning and Losing Streaks

Gold has started 2016 in “hot” territory. Up 5% in just under a month, the yellow metal is one of the only bright spot shining in a sea of market volatility.

However, a 5% rise over the course of a month is nothing for gold. Since it began trading freely in 1971, the metal has had dozens of glittering hot streaks that make the start of 2016 look boring in comparison. On the flipside, gold has also had many cold streaks that saw it lose hundreds of dollars of value in just a matter of days.

Today’s infographic covers gold’s longest winning and losing streaks. The streaks listed include all runs, positive or negative, over 10%.

There have been 31 positive runs over 10%, and 18 losing streaks over the same threshold.

Interestingly, all of these streaks have occurred in previous decades. Since 2010, we have not seen one winning or losing streak of a similar magnitude.

The most volatile decade for gold was the early 1980s, when record-high interest rates, the Iranian Revolution, high oil prices and recessionary forces reigned supreme. Nearly half of all of gold’s biggest wins and losses (between 1971 and today) were during this wild decade.

Related Topics:precious metals gold volatility win streaks losing streaks

Up Next

Commodities: To Short, or Not to Short?

Don't Miss

Three Major Reasons for Gold in 2016

Click for Comments

Lithium

Ranked: The Top 10 EV Battery Manufacturers in 2023

Asia dominates this ranking of the world’s largest EV battery manufacturers in 2023.

Published

4 days ago

April 22, 2024

Bruno Venditti

The Top 10 EV Battery Manufacturers in 2023

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Despite efforts from the U.S. and EU to secure local domestic supply, all major EV battery manufacturers remain based in Asia.

In this graphic we rank the top 10 EV battery manufacturers by total battery deployment (measured in megawatt-hours) in 2023. The data is from EV Volumes.

Chinese Dominance

Contemporary Amperex Technology Co. Limited (CATL) has swiftly risen in less than a decade to claim the title of the largest global battery group.

The Chinese company now has a 34% share of the market and supplies batteries to a range of made-in-China vehicles, including the Tesla Model Y, SAIC’s MG4/Mulan, and various Li Auto models.

Company	Country	2023 Production (megawatt-hour)	Share of Total Production
CATL	🇨🇳 China	242,700	34%
BYD	🇨🇳 China	115,917	16%
LG Energy Solution	🇰🇷 Korea	108,487	15%
Panasonic	🇯🇵 Japan	56,560	8%
SK On	🇰🇷 Korea	40,711	6%
Samsung SDI	🇰🇷 Korea	35,703	5%
CALB	🇨🇳 China	23,493	3%
Farasis Energy	🇨🇳 China	16,527	2%
Envision AESC	🇨🇳 China	8,342	1%
Sunwoda	🇨🇳 China	6,979	1%
Other	-	56,040	8%

In 2023, BYD surpassed LG Energy Solution to claim second place. This was driven by demand from its own models and growth in third-party deals, including providing batteries for the made-in-Germany Tesla Model Y, Toyota bZ3, Changan UNI-V, Venucia V-Online, as well as several Haval and FAW models.

The top three battery makers (CATL, BYD, LG) collectively account for two-thirds (66%) of total battery deployment.

Once a leader in the EV battery business, Panasonic now holds the fourth position with an 8% market share, down from 9% last year. With its main client, Tesla, now sourcing batteries from multiple suppliers, the Japanese battery maker seems to be losing its competitive edge in the industry.

Overall, the global EV battery market size is projected to grow from $49 billion in 2022 to $98 billion by 2029, according to Fortune Business Insights.