Precious metals soared last month in a rally underpinned by speculative momentum, geopolitical upheaval and concerns about the Federal Reserve’s independence. However, market watchers warned that the advances had been too large and too swift. The surge came to a sudden halt at the end of last week, with silver seeing its biggest daily drop on record and gold plunging the most since 2013.

On this week’s episode of the Next Africa podcast, Bloomberg Intelligence’s Metals and Minerals analyst Emmanuel Munjeri and Bloomberg Metals and Minerals Reporter Jack Ryan join Jennifer Zabasajja to talk through the last few weeks on the metal markets, whether new African projects could soon be greenlit and what else to look out for in the coming weeks.

For more stories from the region, subscribe to the Next Africa newsletter here

See omnystudio.com/listener for privacy information.