The US debt ceiling is reaching a critical point, according to recent reports, and the Wall Street Journal sees a “copper glow up” in the near future. The debt ceiling, or rather the legal limit Congress has placed on the total debt the US can have at any given time, was set at $22 trillion…
Glencore and Metals Acquisition LLC have amended their original agreement to finalize the sale of the CSA copper mine in Cobar, New South Wales, Australia. In June 2019, Glencore announced its sale of a majority stake in the CSA copper mine, based in Cobar, New South Wales, Australia, to Metals Acquisition LLC—a company formed by…
Uranium mining stocks rose on Thursday after the United States government announced it was considering imposing sanctions on Russia’s state-controlled nuclear energy company, Rosatom, in response to the country’s alleged interference in the 2020 presidential election. The news sent uranium mining stocks higher as investors bet that the potential sanctions would limit Russia’s ability to…
The stock market is a complex and ever-changing environment, with sentiment often playing a major role in determining the success or failure of an investment. When it comes to investing in gold, sentiment can be an important factor, as investors often look to the precious metal as a safe haven in times of economic uncertainty….
Barrick Gold Corporation, one of the world’s largest gold producers, has announced that its giant South American gold project, Pascua-Lama, is set to become a reality. The project, located on the border of Chile and Argentina, is expected to produce an estimated 17.9 million ounces of gold over its estimated 25-year life. The project is…
China is the world’s largest consumer of copper, and its economic woes have had a dampening effect on the spirits of traders in Asia. The country’s copper demand has been on the decline for the last few months due to the ongoing trade war with the United States, and the resulting slowdown in the Chinese…
The OPEC-Russia oil deal, announced on December 10, 2016, has renewed the threat posed by Canadian oil sands to the global oil market. The deal, which was brokered between the Organization of the Petroleum Exporting Countries (OPEC) and Russia, calls for both countries to cut their oil production by 1.2 million barrels per day (bpd)…
In recent months, the European Commission has been weighing the possibility of imposing sanctions on Russia’s mining industry. This follows a series of aggressive moves by the Kremlin, including its annexation of Crimea, its involvement in the ongoing conflict in eastern Ukraine, and its alleged interference in the 2016 US presidential election. The European Commission…
South African energy company Seriti Resources has announced plans to build the largest wind farm in the country to power its coal mines. The project, which is expected to cost around R1.8 billion (US$120 million), will involve the construction of up to 200 turbines and is expected to generate up to 400 megawatts of electricity….
US Rare Earth and its joint venture partner, Australia’s Lynas Corporation, have announced their plans to produce almost half of the critical minerals identified by the United States Geological Survey (USGS) in its recently released list of 35 critical minerals. The two companies plan to build a processing facility in Texas to manufacture a range…
