The commodity gauges that underpin Goldman’s uber-bullish view
There are more commodities futures contracts trading in backwardation than at any point since at least 1997.
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Newmont buys out Yanacocha partner Buenaventura for $300 million
At the same time, Newmont will transfer its 47% interest in the La Zanja JV with Buenaventura to its partner in exchange for royalties on any future production.
Global lithium production hits record high on electric vehicle demand
Global consumption of lithium in 2021 was estimated to be 93,000 tonnes, a 33% increase from 70,000 tonnes in 2020.
Skeena loses Albino Lake due to decision by British Columbia gold commissioner
The company believes the decision is in error.
China metallurgical coal futures surge on supply woes, demand recovery
Other steelmaking ingredients on the Dalian bourse also jumped.
Aluminum price hits highest since 2008 on LME, closes in on a record
“Aluminum markets are facing a melt-up in prices this year, driven by simultaneous deficits in both China and ex-China drawing on already low stock of inventory,” Goldman analysts say.
Sabina raises $520 million for Goose mine, including gold stream deal with Wheaton
Goose is the first mine being developed along the 80 km Back River gold district in Nunavut.
Bam deposit grows to 1.5 million oz gold with Landore’s new resource estimate
The new estimate represents a 47% increase in contained gold, compared to the estimate released in 2019.
Iron ore price rises to $150 after China eases steel’s green targets
China set 2030 as the new deadline for peak-emissions for the steel sector, against an earlier target of 2025.