Gold has failed to behave as a safe-haven asset over the past month, with macroeconomic headwinds weighing on sentiment. However, Wells Fargo believes that long-term prospects for the precious metal remain well-supported. Gold prices on COMEX climbed 2% on Friday, buoyed by a weaker dollar, which made the metal cheaper for overseas buyers. The yellow metal is still set for its …
Continue ReadingAmid Prime Minister Mark Carney’s calls that the Canada-U.S. relationship is ruptured, Ottawa has committed $175 million to a mining project in northern Quebec whose major U.S. investor is closely linked to the Trump administration. Energy and Natural Resources Minister Tim Hodgson says the Carney government’s support for the rare earth mine is necessary to protect Canadian jobs and the …
Continue ReadingEfforts by the United States and allied nations to rebuild critical mineral supply chains are progressing, but structural and market challenges are keeping the industry on an uneven footing, according to a Jefferies report. Rare earth magnet capacity in the US is expanding from a near-zero base, while lithium markets are shifting from surplus toward a tighter carbonate balance by …
Continue ReadingGold’s record run may have lifted junior miners, but Haywood Securities says the next stage will be far less forgiving, with capital flowing only to companies that can deliver results in the ground. “New discoveries remain one of mining’s highest-reward stages, even as the easy gains from rising metal prices have faded,” Haywood’s mining analysts wrote in their new quarterly …
Continue ReadingIn Euclid, Ohio, just outside Cleveland, sits a facility that most people would drive right past without a second look. But inside that facility, work is being done that could reshape America’s position in one of the most critical supply chain battles of our time. The company behind this work is REalloys (NASDAQ: ALOY), and they’re turning rare earth oxides …
Continue ReadingCopper prices have proved surprisingly resilient in the face of the Middle East conflict, but UBS warns the metal has only just begun to price in the risk of weaker global demand. A full-blown recession could push prices sharply lower, the Swiss bank said. Copper on the London Metal Exchange (LME) briefly dipped below $12,000 per metric ton before steadying, a …
Continue ReadingNow Short Covering and Accumulation Collide Gold did not break because the thesis broke. It broke because the system needed cash, and gold was the cleanest collateral to turn into dollars when the pressure hit the pipes. The sequence was brutally simple once you strip out the noise. The Middle East shock did not send money into gold; it sent money into …
Continue ReadingGermany and the EU as a whole, as well as South Korea, are staring at a deficit of rare earth elements, while the U.S. and Japan are busy making supply deals, according to the top executive of Australian rare earths miner Arafura. The recent U.S. government deals to buy stakes in projects and miners in North America in exchange for supply are …
Continue ReadingBrazilian President Luiz Inácio Lula da Silva said on Tuesday he will not allow other countries to take the nation’s rare earths and critical minerals, in remarks widely interpreted as a direct warning to the United States amid a growing dispute over control of these strategic resources. “Brazil is a very large, powerful country with great mineral wealth such as …
Continue ReadingTrump’s “Productive Talks” and the Five-Day Illusion Monday’s market reaction was dramatic. After threatening over the weekend to “obliterate” Iran’s power plants if the Strait of Hormuz wasn’t reopened within 48 hours, President Trump posted on Truth Social that the U.S. and Iran have had “very good and productive conversations regarding a complete and total resolution of our hostilities in …
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