China has increased its proven rhenium reserves by more than 200% and discovered large deposits of gold and nickel

A reassessment of 17 minerals in China revealed a significant increase in rhenium, gold, and nickel reserves. A new zircon deposit was also discovered. In China, a significant increase in explored reserves of strategic minerals was recorded following a large-scale reassessment of deposits. In particular, rhenium reserves increased by more than 200%, while gold and nickel reserves grew by amounts …

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Citi slashes lithium price forecast by 40% on lower demand

Citigroup has lowered its lithium price forecast for the next two years by as much as 40%, citing slower battery demand growth and increased trade uncertainty, among other broader economic reasons. Citi lowered its lithium carbonate and hydroxide price targets to $12,000 per tonne from $20,000 and 17,000 respectively. It also reduced its spodumene outlook from $2,000 to $1,200.  “With supply …

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The US Dollar And Gold Face Different Risks After The Fed’s October Hold

The US Dollar faces a divided rate outlook as BofA delays two Fed increases, while other banks see tighter financial conditions limiting further hikes. Bank of America has shifted its forecast for the Federal Reserve’s two remaining interest-rate increases to December 2026 and March 2027, after policymakers paused rather than following September’s rise with another. The change leaves BofA expecting …

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Critical minerals getting harder to mine as deposits age: EY

Critical minerals are becoming harder to extract as aging deposits, declining ore grades and increasingly complex operations threaten the mining industry’s ability to maintain production, according to a new EY report. The Top 10 Business Risks and Opportunities in Mining and Metals report ranks operational complexity as the industry’s biggest risk for 2027, followed by capital availability, supply chain disruptions, …

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China’s Battery Factories May Sit Atop Lithium Resources

The world’s largest battery maker and user, the country that dominates all alternative energy technology, is about to find out whether it could also boost its already dominant presence in a critical battery metal: lithium. China, according to a new study, could have significant, untapped resources of lithium right underneath its battery factories. The possibility was detailed in a recent …

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Commodity ETFs: Beyond the Gold Trade

Gold has traditionally been one of the most popular ways for investors to gain commodity exposure, but its recent weakness highlights the differences across various commodities. While precious metals have struggled, energy and certain agricultural commodities have seen stronger returns. Existing diversified strategies are also giving investors more ways to access commodities beyond traditional gold funds. Key Takeaways: Commodity performance …

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World Bank lifts copper price outlook by 18%

Copper prices are set to stay near record highs next year as new mines struggle to keep pace with demand from power grids and data centres, the World Bank forecasts. The bank raised its 2027 copper price estimate 18% from April to $13,000 (C$18,250) per tonne, or about $5.90 per lb., in its October outlook, released Wednesday. That’s only 1.5% …

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Lithium, cobalt markets cautious on China’s demand

LME Week, an annual gathering of the metals industry, took place in Mayfair, London, over October 19-23. Prices of both battery metals edged down in recent months from peak levels reported in spring, with demand from the consumer electronics sector weighing on the cobalt market and demand from energy storage systems (ESS) pressing on lithium prices. Cobalt market awaits potential …

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Boroo Plans C$1.5 Billion Investment to Restart Yukon’s Eagle Gold Mine

Singapore-based Boroo has agreed to acquire Victoria Gold Corp. for up to C$140 million and plans to invest more than C$1.5 billion in the Eagle Gold Mine in Yukon, according to a Thursday (October 22) news release. The company will invest in environmental remediation, mine restart activities and future operations at the project. Victoria Gold, formerly listed on the Toronto …

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