Mining

Uranium price to recover next year on shortage, Trump policy, Sprott CEO says

Uranium price to recover next year on shortage, Trump policy, Sprott CEO says

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Uranium’s spot price doesn’t adequately reflect demand from nuclear power plants, Sprott says. Credit: Adobe Stock photo by pwmotion The price of uranium will rebound from its lowest level in a year as supply shortages, nuclear energy’s promise for clean energy and president-elect Donald Trump’s America-first security stance provide support, the world’s largest investment fund […]

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Goldman Sachs raises gold price forecast to $2 900/oz for early 2025

Goldman Sachs raises gold price forecast to $2 900/oz for early 2025

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Source : miningweekly.com Goldman Sachs on Monday raised its gold price forecast to $2 900/oz from $2 700/oz for early 2025 citing gradually rising ETF flows with interest rate cuts in the West and China, and higher central bank purchases. “We reiterate our long gold recommendation due to the gradual boost from lower global interest rates, structurally higher central

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Lucara finds world’s 2nd largest diamond ever mined

Lucara finds world’s 2nd largest diamond ever mined

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The 2,492 carat diamond. (Image courtesy of Lucara Diamond.) Canada’s Lucara Diamond (TSX: LUC), has dug up a 2,492 carat diamond from its prolific Karowe mine in Botswana, the world’s second-largest stone ever mined in terms of size. The “epic” diamond, as Lucara put it, was detected and recovered by the company’s Mega Diamond Recovery (MDR) X-ray Transmission

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Copper: Humanity’s first and most important future metal

Copper: Humanity’s first and most important future metal

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Copper smelter. Stock Image. As the third most-consumed metal behind iron ore and aluminum, copper is all around us. Found naturally in the Earth’s crust, copper was the first metal used by humans, dating back to the 8th century BC.  Three thousand years later, homo sapiens figured out how to smelt copper from its ore,

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