2024 in Review: Key Insights from Kallanish Index Services
2024 in Review
It’s been an exciting and productive year at Kallanish Index Services! Our team has been hard at work, connecting with clients around the globe, developing new products and participating at key industry events. From fostering relationships to driving forward new initiatives, 2024 has been a year of growth and collaboration.
We’re pleased to share some highlights and behind-the-scenes moments from the past year in this email.
As we look ahead to 2025, we’re eager to continue building on these successes and working together to achieve even greater things.
February
Hong Kong gold kilobar premiums reached a peak of US$3.28/oz over the international spot price, driven by strong Lunar New Year demand. Meanwhile, the KIS Singapore team attended the Malaysia Gold Conference, engaging with industry leaders and trends.
March
March was a landmark month for KIS, marked by significant achievements and exciting developments. We celebrated the first three subscriptions to our KIS Gold Service, which now features weekly and monthly gold commentaries, providing enhanced value to our clients. The international gold price reached a new all-time high of $2,193/oz at the end of the month, underscoring the importance of our timely insights. On the sustainability front, we published the second edition of the KIS Green Steel Monitor and launched a dedicated page on our website to further support this initiative. The month concluded with our attendance at the Kallanish Green Steel Forum in London, where we engaged with key stakeholders and reinforced our commitment to driving innovation in the steel industry.
On the sustainability front, we published the second edition of the KIS Green Steel Monitor and launched a dedicated page on our website to further support this initiative. The month concluded with our attendance at the Kallanish Green Steel Forum in London, where we engaged with key stakeholders and reinforced our commitment to driving innovation in the steel industry.
April
April was another pivotal month for KIS as we welcomed Mohamed to the team, strengthening our expertise and capacity for growth. Our team also attended the World Hydrogen UK event in London, deepening our engagement with the energy transition and hydrogen economy. Meanwhile, the international gold price hit yet another all-time high, reflecting dynamic market conditions that we continued to monitor closely and analyse for our clients.
May
In May, the international gold price reached another all-time high, highlighting the continued volatility and opportunities in the market. The KIS team also visited top gold refineries in Hong Kong, strengthening relationships and gaining valuable insights into the region's gold industry.
June
In June the KIS team released an updated version of the KIS Gold Daily report, offering enhanced insights for our clients. The team also attended the Asia Pacific Precious Metals Conference 2024, where we hosted our first-ever event booth, showcasing our expertise and expanding our industry presence.
July
In July, KIS achieved strong results with sales of the second edition of the KIS Green Steel Monitor reaching 30. Additionally, we published the KIS White Hydrogen report, further solidifying our commitment to providing valuable insights into the evolving energy and sustainability sectors.
August
In August, the KIS Gold Service expanded its offerings by incorporating daily recirculated gold kilobar price premiums in Bangkok, as well as India gold premiums (Ex-Ahmedabad) and Istanbul gold premiums into its daily reports, providing clients with broader market coverage. Additionally, Guan Ho and Mohamed represented KIS at the India Gold Conference 2024 in Bangalore, strengthening our presence in a key market and engaging with industry leaders on emerging trends.
September
In September, Mohamed and Guan Ho met with Loomis International at Le Freeport, fostering key industry connections. The KIS Hydrogen Prices were also integrated into the Kallanish Price Analyser, expanding our analytics offerings.
October
In October, the international gold price reached its ninth new all-time high for 2024, closing the month at an impressive US$2,790.17 per troy ounce. This unprecedented level reflected the ongoing strength and resilience of the gold market, underscoring the increasing demand for this precious metal amid global economic uncertainties.
November
In November, the KIS team achieved several significant milestones. We published the third edition of the KIS Green Steel Monitor and restructured the KIS Hydrogen Monthly report into four separate, focused reports covering Hydrogen Production Prices, Hydrogen Fuel Pump Prices, Carbon Prices, and Hydrogen Share Price Indices.
Additionally, we launched the third version of the KIS Gold Daily report, now including comprehensive market information from India and Turkey. At the end of the month the KIS Singapore team attended the Asia Gold Conference and the SBMA 2024 AGM in Singapore, where Steve delivered a compelling presentation.
December
As we approach the close of the year, we would like to take a moment to express our sincere gratitude for your continued support and collaboration. We wish you a joyful and prosperous New Year, filled with success and happiness.
Thank you once again for your trust in us, and we look forward to working together in the coming year!