Search This Blog
April 29, 2024
April 25, 2024
#BHP’s Bid for #AngloAmerican is Laden with Potential Pitfalls & Challenges…
Buying $AAL.L means $BHP would gain access to 3 of world’s largest #Copper mines.
Merger would improve BHP’s exposure to copper by ~40%—and more significantly—give it 10% of global copper production.
This, however, is likely to lead to significant anti-trust/competition scrutiny in Peru and Chile—not to mention South Africa.
April 21, 2024
As #Gold rises to all-time highs above $2,400/oz., all eyes are on #China
China's protracted property crisis, volatile stock markets and a weakening yuan are all reasons driving money to gold, says Bloomberg:
Although China is the world's largest gold producer, it still needs to import a lot—and the quantities are only getting larger.
In the last two years, overseas purchases totaled over 2,800 tons — more than all the Gold ETF's around the world, or about a third of the stockpiles held by the US Federal Reserve— and the total amount could be even higher.
And the pace of shipments keeps accelerating. Over the first two months of the year, imports surged 53% higher than in 2023.
And it's not only privates that are buying.
April 17, 2024
#Copper: Higher, Harder, Longer
It's getting harder & more expensive to get #Copper out of the ground
Great report from Bloomberg on the difficulties facing the #Mining industry in meeting the growing need for more Copper.
After more than a century of commercial production at Chile's Chuquicamata reduced the amount of ore that can profitably be extracted from surface, two decades ago state-run Codelco began drawing up plans to build a modern underground mine at the site to tap the riches deep below. The company originally envisioned a $2 billion investment. By the time its board signed off on the project in 2014, the budget had risen to $4.2 billion. At the time of the 2019 ribbon-cutting, it had climbed to $5.5 billion. The latest estimate, including related infrastructure, is $7 billion, making it the biggest outlay Codelco's history.
Those obstacles can drain miners' enthusiasm for new projects. Goldman Sachs Group Inc. estimates the industry needs to spend
Subscribe to:
Posts (Atom)
ShareThis
MasterMetals’ Tweets
- $FM.TO First Quantum Minerals Ltd. reports that, following discussions with legal representatives of the Government of Panama, it has agreed to withdraw from the ICC arbitration proceedings. It has also agreed to suspend arbitration under the FTA. The company reiterates its https://bit.ly/3YcXr1r - 3/31/2025
- “LBMA Gold Price PM has now hit 20 new record highs so far in 2025. That's already half as many as 2024 as a whole.” 😅 https://bit.ly/43Ey7oR - 3/31/2025
- @antonioresource @DavidFi_ @geigercounting @tom_woolrych @peter_krauth Liquidity. - 3/31/2025
- Timeless Steel. Huda thought? https://bit.ly/3E1YM4w - 3/31/2025
- Copper slightly off after last week’s record highs. Still, it’s 🆙 +25% YTD! https://bit.ly/43Azhle https://bit.ly/4433r0w - 3/31/2025
- Gold rally finally attracts investors back to mining stocks after months of outflows - 3/25/2025
- $3000 Gold - 3/19/2025
- To those who say you can’t have too much of a good thing…meet Cobalt - 2/25/2025
- $NGEX.TO Drills 53.50m @ 7.79% CuEq, 75.45m @ 4.95% CuEq, & 15.25m @ 16.56% CuEq at Lunahuasi - 2/19/2025
- ‘The Opec of nickel’: Indonesia controls the critical metal - 2/13/2025
Tags
IFTTT
Twitter
MasterMetals
News
Gold
MssterMetalsNews
MasterMetalsNews
mining stocks
Commodities
Mining
GLD
Silver
Oil
COPPER
China
Metals
Dollar
Energy
Precious Metals
MasterEnergy
trading
GDX
Hedge Funds
EV
Battery Metals
Finance
exploration
Glencore
USA
ETF
GDXJ
Platinum
Africa
Canada
Nickel
Technical Analysis
Charts
Chile
Euro
LME
Lithium
Latin America
Australia
BHP
Base Metals
Cobalt
Futures
Iron Ore
Uranium
central banks
CME
IPO
Palladium
RIO
SIL
SLV
TSX
middle east
Asia
DRC
FED
India
PSLV
Russia
South Africa
Trafigura
Venezuela
comex
zinc
Argentina
Batteries
Bonds
Chavez
Debt
Ecuador
PPLT
Renewables
currencies
Anglo American
Barrick
Bitcoin
Iran
JPMorgan Chase
Japan
Mexico
Peru
Switzerland
TSXV
VALE
coal
Agriculture
AngloGold
BP
Brazil
EQX
Education
FCX
Gas
Kinross
London
Lundin
Metals Streaming
NEM
NYMEX
Nuclear
Oreninc
PGM
Roxgold
Royalties
Sprott
Turkey
UK
Vitol
WGC
infographic
AEM
Autonomous Vehicles
Azimut
Banks
BlockChain
CFTC
CODELCO
COT
Cerrado Gold
Colombia
Cote d'Ivoire
EDV
Egypt
Electricity
FIL
FSM
Filo
Financings
GATA
Goldman Sachs
Guinea
HFT
IVN
Indonesia
Irak
LSE
LUG
Loonie
MENA
Mongolia
NGEx
Newmont
Oro
PIIGS
RUP
Rare Earths REE
Robert Friedland
Rupert Resource
S&P
SQM
Saudi Arabia
Tsingshan
UAE
VC
VW
Yuan
money
quebec
rare earths
1971
1979
AAUC
ADM
AGI
ALB
ARIS
ATY
AU
AUY
AZM
Abu Dhabi
Agarwal
Alaska
Antimony
BIS
BTG
Bill Clinton
Bin Laden
CBX
CCB
CITGO
CMOC
Cameco
Cargill
Cars
Chuquicamata
Clice Capital
Cobalt27
CoronaVirus
Covid19
Crypto
DJIA
DOJ
DPM
Defense
Demographics
Djibouti
E-Waste
EGO
EM
ESG
El Dorado
Endowments
Environment
Europe
FVI
Fav
Finland
Food
ForEx
Frank Giustra
Freeport McMoran
GBP
GDP
GFMS
GMIN
Ghana
Graphite
Great Be
Greece
Green Energy
Gundlach
Gunvor
HPX
Haftium
IAG
IOC
Inflation
KGC
KL
Kazakhstan
Kurdistan
LBMA
Louis Dreyfus
Lunahuasi
M&A
MAKO
MF Global
Mercuria
NDM
Nigeria
Northern Dynasty
Oman
Orion
Osisko
PDVSA
PEA
PEMEX
PG
Pebble Project
Politics
Private Equity
Rabbit
Recycling
Repsol
Research
Rhenium
Rhodium
Rusal
SKE
SSRM
SWF
Sensors
Shale
Strategic Metals
TGZ
Tech
Tesla
Texas
Ukraine
VGCX
VIX
Victoria Gold
WPM
Warren Buffett
XAU
XGD
XStrata
YPF
Yen
Yukon
Zambia
diamonds
spoofing
stocks
supply chain
zinc News