Uranium stocks soar on bullish Goldman Sachs call, Kazakhstan flooding
Uranium spot prices have jumped some 40% over the last year as the world’s largest miner, Kazatomprom, has struggled to lift production.
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Omai Gold targets Wenot deposit in Guyana for quicker turnaround, CEO says
The deposit holds 17.6 million indicated tonnes grading 1.48 grams gold per tonne for 834,000 oz. contained metal.
Big 5 diversified mining companies are having a rough 2024
World’s 50 biggest miners had a combined market capitalization of just under $1.4 trillion, with losses at the very top offsetting a banner quarter for gold and copper stocks.
Tesla scraps low-cost car plans amid fierce Chinese EV competition
Tesla has canceled the long-promised affordable car that investors have been anticipating, as reported by Reuters.
Biggest gold miners are missing out on bullion’s record run
Despite gold hitting all-time highs almost daily, Newmont shares are down about 6% this year.
Gold price continues record run, has $2,350 in sight
Gold was able to maintain its rally despite new US data pointing to a stronger jobs market.
EU sees hope for US minerals deal from new forced labour law
The EU is set to implement its law on forced labour this year.
Copper miners glimpse the future they’ve long seen coming
A supply shock and growing confidence in an economic recovery are now seeing copper take center stage.
Top Trafigura executives retire as new generation steps up
Two senior executives at global commodity trader Trafigura will retire this year.