According to PwC’s Mine 2017 report, the world’s Top 40 miners recovered from a race to the bottom, with bolstered balance sheets and a return to profitability in 2016
Lithium is enjoying a growth story unlike any other commodity these days, driven by the global emergence of the electric vehicle market, expanding demand for high‑capacity energy storage and the ubiquitous presence of ever‑lighter, more powerful, consumer handheld devices.
Investors have seen a rise in the market capitalization of top junior mining companies on the TSX Venture Exchange by more than 100% compared to last year.
Companies had no choice but to cut back on new developments, re-focus on profitable production rather than maximum production and to save costs.
2015 was a race to the bottom with many new records set by the world’s 40 largest mining companies
BC mining industry faced another difficult year with continued downtown in commodity prices: PwC survey
Despite challenging market conditions some projects are forging ahead in the Canadian western province.
GWMG is a vertically integrated leader in the manufacturing and supply of rare earth based alloys and high purity metals. GWMG possesses a low cost, high grade critical rare earth asset located in South Africa along with a manufacturing and processing facility located in the UK.