Friday feeding frenzy for mining stocks
Mining stocks in monster rally as copper price surges 8% and gold price climbs nearly $50 an ounce.
Latest Stories
India’s massive silver demand cutting world’s warehouse stocks
Indian silver consumption is forecast to surge by around 80% to a record this year.
Musk says Tesla has never contemplated investing in Glencore
The Financial Times recently reported that Tesla had held talks on taking a 10-20% stake in Glencore, but the discussions ended with no deal reached.
Copper price back above $8,000 on China reopening hopes
A former Chinese disease control official on Friday said that China will soon make substantial changes to its covid-19 policy.
Gold price rises on mixed signal from US jobs data
Chair Jerome Powell signaled less aggressive tightening could be appropriate going forward.
Industry groups welcome C$10 billion in Ottawa’s budget update
C$802 million over three years allocated for the Youth Employment and Skills Strategy.
Coeur Mining closes southern Nevada asset sale to AngloGold, stock up
Coeur would receive $150 million cash upfront, plus additional deferred cash consideration of $50 million should the Sterling and Crown gold resource reach more than 3.5 million ounces.
Instead of phasing down coal the world is burning more than ever
Coal power generation could set a record for a second-straight year and remains the world’s biggest source of electricity.
Saudi Arabia considers new mining index in diversification push
The Saudi government believes it has unused mineral resources worth about $1.3 trillion, with vast quantities of aluminum, phosphate, gold, copper and uranium.
