Dearth of quality new gold discoveries to crimp supply — report
In recent years, gold discoveries around the world have become more scarce and smaller in size, dampening the outlook for future supply of the metal, according to the latest analysis…
Commodities Markets
Beaver Creek: Rule, Hathaway, Giustra reflect on surging gold price, humdrum equities
Beaver Creek, Col. – Industry leaders debated the roles of economic uncertainty, inflation and monetary policy in driving gold to a record high this week even as many gold equities…
Putin’s exports threat lifts uranium, nickel producers
Stocks in nickel and uranium producers gained this week when Russian President Vladimir Putin floated the idea of limiting metals exports, refueling geopolitics as a top risk, mining analysts said….
EV slump powers platinum supply deficit, miners say
The third-lowest platinum mining output this century can’t keep up with rising investment demand, jewelry and a sustained traditional car market using catalytic converters, according to an industry group. A…
Australian gold production declines as miners adapt to record prices
Australia, the largest gold producer after China, produced slightly less of the yellow metal in the 12 months to June 30 as miners adjusted strategies for record high prices even…
Mineral Resources tightens belt after lithium, iron ore prices fall
Australia’s Mineral Resources (ASX: MIN) is slashing costs to ride out the weak lithium price but founder and chief executive Chris Ellison said the company wasn’t panicking. The iron ore…
Kodak never saw it coming either. How lab-grown diamonds rocked the industry
Since early 2022, the price of polished natural diamonds has fallen roughly 40%. The industry is being buffeted by negative economic headwinds, an excess of mine supply and too much…
GM delays $330M Thacker Pass funding in latest sign of lithium slowdown
General Motors (NYSE: GM) has postponed a $330-million investment in Lithium Americas (TSX: LAC; NYSE: LAC), pushing the second tranche of their $650-million deal, announced in early 2023, to the…
India’s rallying jewelry trade helps sustain gold price
Retail gold demand for jewelry in India is rebounding despite record prices for the metal this year, according to BMO Capital Markets. The country lowered import duties on gold and…
Almonty nears first production at its tungsten mine in South Korea
Almonty Industries (TSX: AII, ASX: AII), which is closing in on first production from its Sangdong tungsten mine in South Korea later this year, says it recently hosted a delegation…
Global copper surplus swells — report
The world’s surplus of refined copper quadrupled in the first half of 2024 compared to a year ago following a growth in production and recovery in mine output, preliminary data…
Vale pegs cost for carbon-free mining and steelmaking at over US$1T
Vale’s CFO said that the biggest challenge is to reduce the cost of the energy transition.