After four grinding years of falling metal prices and vanishing market capitalizations, we have seen a stunning shift in market sentiment since mid-January, says Matt Geiger of MJG Capital. Multiple physical commodities are now in technical bull markets.
Palladium Mining News
Signs of resurgence in platinum, a stronger gold price and growing coal exports to India should be triggers for South Africa’s mining leadership to grasp the opportunities that it missed in the last commodity boom, according to consulting engineers and scientists SRK Consulting (South Africa).
And one that's ultra-bearish.
Large scale futures speculators and PGM investors in physically-backed exchange traded funds are taking wildly different views of the outlook for the metals.
South Africa's state pension fund is pushing Anglo to spin off all its assets in the country, including the miner's coveted platinum mines.
None of the foreign-owned platinum miners operating in the world's number three producer of the precious metal is listed on the Zimbabwe Stock Exchange.
PGM prices plunge after data show country's mines responsible for 70% of global production are humming and local currency revenues are hitting records.
The mission's goal is to map a target asteroid, looking for deposits of water and other resources with visible and infrared cameras.
The LME’s previous attempt at trading gold lasted only three years .
CHART: The gold price may grab headlines, but coal's rally comes as a shocker – thermal prices are up 22% in 2016 and coking coal's back in triple digits.
Platinum now outperforming gold price in 2016 and palladium price soars 21% in just one month.
Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.
The country is said to be sitting on mineral deposits worth hundreds of billions of dollars which, once developed, could surpass oil as its main source of income.
First time a country partners with privates to boost the development of the industry.
For private capital mining and metals is the riskiest natural resources sector – but only energy beats the returns.
An official endorsement of such mission would pave the way for several other for-profit space ventures currently in the works.
A sharp reversal in metals and minerals prices during May see top mining companies shed billions in market value.
Improving agriculture with crop-specific satellite images.
Funds will be used to deploy and operate the firm's Earth observation program, known as Ceres.
GFMS forecasts the platinum market will return to a small deficit in 2016 and the deficit in palladium will deepen.
Seven trading days in and already global mining investors are nursing double digit declines as everything from copper to met coal to silver take a beating.
It’s home to just a half-million people, but the country is not thinking small when it comes to the future of mining.
Rights issues are the best way of raising funds in a way that does not disadvantage existing shareholders
Deltion Innovations aims to design a drill that would prospect for water, ice and resources on the moon and beyond.
New report predicts mining's majors will increasingly move away from diversification strategies to concentrate on competitiveness in certain core sectors.