Royal Bank of Canada has joined the growing throng of mainstream brokers and investment banks with an upbeat outlook for Dacian Gold (ASX: DCN), as it closes in on first gold production from its flagship Mount Morgans gold project in WA early next year.
Pilbara Minerals has begun work on an expansion of its Pilgangoora lithium-tantalum project, which could make it the biggest lithium mine in the world depending on the timing of the proposed expansion of Greenbushes in the South West, The West Australian reports.
The third-best performing ETF tracking material producers got a jolt from China after the country said it will set a deadline for auto makers to end sales of fossil-fuelled vehicles, reports Bloomberg.
Equity strategists are betting the powerful run in the ASX-listed miners has further to run, with Citi analysts suggesting investors have more to fear from a rise on bond yields than a commodity price correction, The Australian Financial Review reports.
UBS has incorporated the Black Butte copper project in Montana, USA into its valuation of Sandfire Resources (ASX: SFR) for the first time, noting that the market is paying “little attention” to the development asset.