LONDON, Nov 1 (Reuters) – Nyrstar said it plans to temporarily close two zinc mines in the U.S. state of Tennessee at the end of November due to weak prices and the impact of inflation. Dutch-based Nyrstar, majority owned by trading and logistics company Trafigura,...
Continue reading » November 4, 2023 admin Commodities No Comment Never Before in Stock Market History Have We Had a Bubble Like This: Michael Oliver
Continue reading » October 29, 2023 admin Commodities, Gold No Comment Interview Recorded – 29th of September 2023 On this episode of the WTFinance podcast I had the pleasure of speaking with Rick Rule – Former President & CEO of Sprott U.S. Holdings with decades of experience in the commodities business. During our conversation we spoke...
Continue reading » October 1, 2023 admin Commodities 2 Comments Renault Chairman Says China Raw Material Risk Wakes Him at Night Senard says EU hasn’t assessed dependence on Chinese metals Alludes to China’s new gallium, germanium export restrictions LINK
Continue reading » July 8, 2023 admin Commodities No Comment Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 terawatt-hours...
Continue reading » June 25, 2023 admin Commodities 1 Comment Appian Capital Advisory bought the Santa Rita nickel mine out of bankruptcy for $68 million and the Serrote copper-gold project for $40 million in 2018. The previous owners of the Santa Rita had already spent $1 billion building the mine. Last week, the London-HQ company sold...
Continue reading » June 23, 2023 admin Commodities No Comment For a company with “gold” in its name, Barrick Gold Corp. has become noticeably fixated on copper. The world’s second-largest bullion producer recently approached First Quantum Minerals Ltd. to discuss a potential takeover, Bloomberg reported last week. And while the move was unsuccessful — Barrick’s informal overtures...
Continue reading » June 19, 2023 admin Commodities 1 Comment First Quantum Minerals Ltd. recently rebuffed an informal takeover approach from Barrick Gold Corp., the world’s second-largest producer of the precious metal, as miners scour the globe for deals, people with knowledge of the matter said. Barrick made overtures to First Quantum in the last...
Continue reading » June 15, 2023 admin Commodities No Comment A recent presentation by S&P Global Market Intelligencemining and metals team featured a couple of graphs that crystalize the fundamental challenges facing copper mine supply. Mitzi Sumangil, associate analyst at the US-based research firm, presented a graph showing the yawning gap between copper mining companies’ profits and...
Continue reading » June 9, 2023 admin Commodities No Comment Copper demand has skyrocketed as the push for electrification of vehicles and energy sources continue to take over. The non-precious metal is important in the shift away from fossil fuels as it is critical for EVs, windmills, solar panels and even the entire power grid....
Continue reading » June 8, 2023 admin Commodities No Comment