After a supply glut sent cobalt prices plummeting about 70% from the peak, many of the country’s artisanal miners are now switching focus to copper instead.
The 16 Psyche and other asteroids will probably be mined for their metals. But once they start hitting the market in large quantities, they’re unlikely to be precious for much longer.
Gold’s incredible strength this summer is very unusual, as early summers are the weakest times of the year seasonally for gold, silver, and their miners’ stocks.