In a world obsessed with wealth and the pursuit of shiny objects, a group of intrepid treasure hunters found themselves standing before the ultimate symbol of opulence: a mountain made entirely of gold. It was a discovery that would make Midas green with envy and set off a chain of events that could only be…
In recent times, the copper mining industry has found itself on a rollercoaster ride, with the price of this essential metal experiencing a significant decline. Often referred to as “OPEC on crack,” copper mining’s resemblance to the petroleum cartel’s influence over oil prices is striking, but the reasons behind the recent price fall are more…
China achieved a record-high in iron ore imports for the year 2023, reflecting a 6.6% increase compared to the previous year, as reported by customs data on Friday. The General Administration of Customs in China disclosed that the total iron ore imports for the year amounted to approximately 1.18 billion metric tons. This milestone marked…
British bank Barclays release its first precious metals vault on the border of London that provide to institutional investors, sovereign-wealth funds, central banks and commercial banks. The burial chamber, which houses gold, silver, platinum, palladium and rhodium and began working earlier this month, is one of Europe’s largest. Jonathan Spall, product manager for metals at…
Shares of Energy Fuels (UUUU) moved sharply this week after the U.S.-based uranium miner announced it exceeded its previously disclosed 2025 uranium production and sales guidance. The stock jumped during Monday’s session before retreating on Tuesday, as investors reacted to both strong operational results and broader market volatility. Energy Fuels said it expects to sell…
The Australian government’s decision to impose an export ban on aluminum is causing significant disruptions in global markets and has the potential to drive up aluminum prices, leading to potential inflationary pressures. The move is expected to have far-reaching consequences for various industries and economies heavily reliant on aluminum imports from Australia. Australia, one of…
In recent years, the world’s attention has been drawn to the potential of South America to become a major player in the global lithium market. The region is home to some of the world’s most abundant reserves of the light metal, which is used in batteries for electric cars, laptops and other electronic devices. As…
On April 30th, 2020, the Perth-based mining company Essential Metals Ltd (Essential Metals) rejected a takeover bid from Tianqi Lithium Corporation (Tianqi Lithium) and IGO Ltd (IGO). The bid sought to acquire all of Essential Metals’ shares at a price of $0.082 per share. Essential Metals is an exploration and development company that is focused…
Hecla Mining Company, a leading producer of silver and gold, recently reported that its silver reserves have reached the second-highest level in the company’s 130-year history. The company noted that silver production from its mines increased significantly in 2019, with total proven and probable silver reserves reaching over 9 million ounces. In addition to the…
The price of gold recently experienced a decline following the release of robust economic data from the United States. As markets digested the positive indicators, all eyes turned towards an upcoming speech by Federal Reserve Chair Jerome Powell. The intricate interplay between economic data, central bank decisions, and investor sentiment has become a defining characteristic…