Iron-ore exporters Australia and Brazil will each add about 100 million metric tons of supply through the end of the decade, according to Citigroup.
For evidence that fundamentals hardly matter in today's world of easy money, look no further than SA's rand.
World stocks rise, led by a surge in bank shares, after the Bank of Japan overhauled its monetary policy to target interest rates.
Gold will likely soar to a record within five years as asset bubbles burst in everything from bonds to credit and equities.
Gold valued at $8bn is buried inside mammoth mounds of discarded waste at sites owned by Sibanye Gold. The problem is getting it.
Commodities trader and miner Glencore expects nickel prices to climb through 2018 as demand outstrips supply.
Big questions on the minds of gold watchers include the US election and the stability of the global economy.
SA's rand strengthened to a one-month high against the dollar on Wednesday, leading global currency gains.
Ratings agency Moody's has reduced the possibility of a credit downgrade for SA in November to less than 50 percent.
Emerging-market stock volatility hover near the highest level since June as traders await a verdict on monetary policy from the Federal Reserve.
PricewaterhouseCoopers has warned that the platinum industry is unlikely to meet the demand for the precious metal in the medium term.
Gains in banking and energy shares lifted European markets on Monday.
Gold gained from the lowest close in more than two weeks ahead of gatherings at the Federal Reserve and the Bank of Japan this week.
The dollar traded near a two-week high against a basket of major currencies on Monday.
Asian shares climbed on Monday ahead of central bank meetings in the United States and Japan this week.