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

Leave a Comment / Mining, Finances / 11/15/2024

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

Lucara finds world’s 2nd largest diamond ever mined

Leave a Comment / Finance, Mining / 08/23/2024

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

Leave a Comment / Mining, Metals / 07/22/2024

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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Copper price to rocket to $40,000 a tonne, says top trader Andurand

Leave a Comment / Finance, Metals, Mining / 05/25/2024

Hedge fund manager Pierre Andurand expects the price of copper to almost quadruple to $40,000 a tonne in the next few years as soaring demand causes global stockpiles of the red metal to run low.

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Anglo American rejects “opportunistic” $39bn takeover bid from BHP

Leave a Comment / Finance, Mining / 04/29/2024

Anglo American (LON: AAL) has rejected a $39 billion takeover offer from BHP (ASX: BHP) conditional to the target company divesting its platinum and iron ore businesses in South Africa.

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Goldman Sachs Boosts Physical Uranium Trades Amid Soaring Prices

Leave a Comment / Finance, Mining / 02/22/2024

Goldman Sachs, Macquarie, and some hedge funds have boosted physical trading and options trades in uranium amid soaring prices, as many countries look to increase nuclear power generation to meet their climate goals while reducing the need of fossil fuel imports.

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Gates, Bezos-backed KoBold Metals in four continent quest for lithium

Chile targets million-tonne copper boost in tightening market

Leave a Comment / Finance, Mining / 12/08/2023

Chile is targeting an acceleration of its nascent copper-production recovery over the coming years in what would help fill a predicted supply gap as the energy transition spurs demand for the wiring metal.

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Indonesia’s nickel sector can rebound from Tesla EV setback, but Chinese market dominance a concern

Leave a Comment / Tech, Mining / 10/26/2023

Tesla’s decision to set up its electric-vehicle facilities in neighbouring Malaysia was a blow to Indonesia’s efforts to lure investments for building an end-to-end EV supply chain ecosystem.

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