View: Source When gold prices rise, so does the urge to merge. That old mining truth may be back in play, as UBS reckons the sector could be heading towards another bout of deal-making; this time between its biggest names, Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, ETR:NMM) and Barrick Gold Corp. (TSX:ABX, NYSE:GOLD). The two are already bound together in Nevada Gold Mines, a joint …
Continue ReadingView: Source Operational restrictions facing some copper mines in Chile have been influencing the metal’s record high price, which reached US$5.02 per pound this week, along with growing demand and limited supply. While the upward trend is also related to current factors, such as the trade agreement between the United States and China and the Federal Reserve’s rates, the situation of …
Continue ReadingView: Source Canada has announced a 6.4 billion Canadian dollar ($4.6 billion) package of critical mineral projects to challenge China’s overwhelming dominance in the critical mineral supply chain. The announcement came on Friday at the close of the G7 Energy and Environment Ministers’ meeting in Toronto. “This first round of G7 Alliance projects sends the world a very clear signal: we are serious …
Continue ReadingView: Source Washington claims Beijing’s 2022 trade easing is global, but Brussels questions whether it truly applies to the European Union. The European Union does not believe its industries are covered by a “de facto removal” of China’s historical restrictions on the export of rare earths and other critical minerals announced by the White House on Saturday. In a fact sheet detailing the …
Continue ReadingView: Source NYSE-listed Coeur Mining on Monday announced an offer for TSX- and NYSE-listed New Gold, valuing the precious metals producer at about $7-billion. Under the terms of the all-share agreement, New Gold shareholders will receive 0.4959 Coeur shares for each New Gold share held, representing implied consideration of $8.51 a share based on Coeur’s October 31 closing price. The offer reflects a 16% premium to New Gold’s closing …
Continue ReadingView: Source Gold demand hits record high in September quarter despite soaring prices Investment interest delivers biggest boost, with gold investing now becoming ‘mainstream, says WGC Metals Focus still optimistic on silver into 2026 after dip Record gold prices are doing little to quell demand for the precious metal as demand by both volume and value goes through the roof. The …
Continue ReadingView: Source Key Points Silver is in its fifth consecutive year of production deficit vs. demand. Geopolitical policies and increased industrial and commercial use of silver is making supply increasingly scarce. Stocks involved with silver mining would subsequently have the strongest leverage over the global silver supply, much like the way OPEC has controlled much of the crude oil supplies and …
Continue ReadingView: Source Key Takeaways China is the biggest producer for the majority of the materials listed. Other key players include Brazil, the Democratic Republic of Congo, and South Africa, each dominating select strategic materials. China sits at the center of today’s global mineral supply chains. From electric vehicles to semiconductors, many of the technologies driving modern industry depend on critical minerals …
Continue ReadingView: Source According to the World Gold Council’s (WGC’s) ‘Gold Demands Trends’ report for the third quarter of this year, total gold demand, including over-the-counter (OTC), grew 3% year-on-year to 1 313 t, the highest quarterly total in its data series. Yet, the WGC says, this was eclipsed by the value measure of demand, which jumped 44% year-on-year to a record $146-billion in the third quarter. …
Continue ReadingView: Source Copper prices edged closer to record highs this week, driven by renewed optimism over an impending trade accord between the US and China and concerns about tightening global supply as major producers face output disruptions. On the London Metal Exchange (LME), copper traded around US$11,029 a ton on Tuesday (October 28) roughly US$80 below the all-time high of US$11,104.50 …
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