News

Gold got a Joe Biden bump after his inauguration as the U.S. President yesterday

Gold got a Joe Biden bump after his inauguration as the U.S. President yesterday, but the battery-metals sector is (so far) proving to be the more significant winner as the new man in the White House brings with him a range of tough environmental protection policies. A clearer look of what’s to come can be seen in China where there is a market for trading in obscure commodities such as neodymium, a rare earth favoured by makers of the long-life batteries used in electric cars.

read more

Liontown Resources’ maiden drilling within its Moora project, in southern Western Australia has intersected mineralisation within the same geological terrain as Chalice Mining’s play-opening Julimar discovery (reports MiningNews).

Liontown Resources’ maiden drilling within its Moora project, in southern Western Australia has intersected mineralisation within the same geological terrain as Chalice Mining’s play-opening Julimar discovery (reports MiningNews). The aspiring lithium miner undertook its first program of wide-spaced aircore drilling late last quarter, almost two years after securing the three Moora leases, with the early results being considered encouraging.

read more

Demand up. Supply down. Price heading for a 10-year high. It doesn’t get much better for nickel

Demand up. Supply down. Price heading for a 10-year high. It doesn’t get much better for nickel—except for the potential to get a lot better for a metal which has a well-earned reputation for extreme highs (and lows) (reports Tim Treadgold in Forbes). Since suffering a Covid-19 collapse last March when the price fell to $10,800 a ton, nickel has been on a largely uninterrupted rise to last sales at $18,244/t, up almost 70% in 10 months.

read more

“Follow the money.” What better time to remind investors of that advice than when a U.S. President heads for the exit and financial “flows” appear to be priming the world for a fresh commodity boom.

“Follow the money.” What better time to remind investors of that advice than when a U.S. President heads for the exit and financial “flows” appear to be priming the world for a fresh commodity boom. Back in 1972 it was Richard Nixon departing, aided by that famous “follow the money” comment attributed (perhaps incorrectly) to Deep Throat, the source of leaks against him published in the Washington Post newspaper.

read more

Miners have entered 2021 in good shape as the strength of China’s COVID-19 recovery continues to surprise and governments around the world dig deep with stimulus packages (reports The Australian Financial Review).

Miners have entered 2021 in good shape as the strength of China’s COVID-19 recovery continues to surprise and governments around the world dig deep with stimulus packages (reports The Australian Financial Review). UBS is forecasting global economic growth of 6.1 per cent and growth of 8.2 per cent in China, the epicentre of resources and commodity demand.

read more

Argonaut’s latest annual compilation features diverse mix of commodities and locations. In the mix is Bardoc Gold, which a fellow broker says is yet to get the love it deserves from investors.

If only there was a tried-and-true method of determining when a project gives its junior resources company owner the right stuff to outperform in the next 12 months. Well, a neat bit of annual research by Argonaut gets as close to a tried-and-true method as could be hoped for by investors. It’s called “Argonaut’s Best Undeveloped Projects (BUPs),” with the resources corporate adviser/stockbroking firm having just completed its 2020 review.

read more

Rio Tinto has confirmed delays and a major cost blowout at its flagship copper project in Mongolia, saying the underground expansion of its Oyu Tolgoi project will come in more than a quarter over the original budget (reports The Australian).

Rio Tinto has confirmed delays and a major cost blowout at its flagship copper project in Mongolia, saying the underground expansion of its Oyu Tolgoi project will come in more than a quarter over the original budget (reports The Australian). The underground operation at the giant mine — scheduled to become the biggest copper operation in the world when complete — will be delivered by October 2022, marking a near two-year delay from the original timeline.

read more

Euroz Hartleys has upgraded its price target for nickel developer Centaurus Metals (ASX: CTM) in the wake of a standout nickel hit and an update to the Perth-based broker’s medium-term nickel price forecast.

Euroz Hartleys has upgraded its price target for nickel developer Centaurus Metals (ASX: CTM) in the wake of a standout nickel hit and an update to the Perth-based broker’s medium-term nickel price forecast. “This has prompted a revision of our back-of-the-envelope initial Jaguar development,” wrote Euroz Hartleys analyst Jon Bishop in an updated note, referring to Centaurus’ flagship Jaguar nickel sulphide project in north-eastern Brazil. “Our valuation increases to 86c and we set our price target at 85c, cognisant of a firm nickel price macro,” he said.

read more

Upcoming Events

View All

9th Feb 2021

RRS February 2021 Summer Series

EVENT UPDATE

18th - 19th May 2021

RRS 2021 Gold Coast Conference

Resources Rising Stars will be back to the Gold Coast in 2021 for our 18th Annual Investor Conference!

© 2021 Resources Rising Stars All Rights Reserved