News - Market Insights

Macquarie believes commodities are in the early stages of a mini-upcycle that could play out over the next 1-3 years.

Macquarie believes commodities are in the early stages of a mini-upcycle that could play out over the next 1-3 years. Analysts believe the wave of stimulus spending by global governments to aid the recovery from the COVID-19 pandemic will drive demand for commodities. "We believe a mini-upcycle in commodities started in April 2020 (a month after the low in equities)," Macquarie said.

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The rapidly growing demand for more nickel in electric vehicle (EV) batteries is expected to see the base metal take a much bigger market share in just three years (reports Stockhead)

The rapidly growing demand for more nickel in electric vehicle (EV) batteries is expected to see the base metal take a much bigger market share in just three years (reports Stockhead). “In terms of when the shift towards nickel intense cathodes starts to take effect, we expect batteries using high nickel cathodes (namely NCM 811) start to really develop significant market share from 2023 onwards,” Benchmark Mineral Intelligence analyst Gregory Miller told Stockhead.

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Credit Suisse has significantly upgraded its outlook for the gold price for the next two-and-a-half years (reports MiningNews)

Credit Suisse has significantly upgraded its outlook for the gold price for the next two-and-a-half years (reports MiningNews). The bank lifted its September quarter gold price forecast from US$1560 an ounce to $1750/oz, and its December quarter forecast from $1600/oz to $1775/oz. It expects gold to average $1800/oz next year, up from the previous forecast of $1600/oz, and $1650/oz in 2022, up from $1550/oz.

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The current lithium market malaise has not dulled the enthusiasm of Pilbara Minerals managing director Ken Brinsden (reports MiningNews).

The current lithium market malaise has not dulled the enthusiasm of Pilbara Minerals managing director Ken Brinsden (reports MiningNews). The market turn is inevitable, Brinsden told a Resources Rising Stars virtual event yesterday. When that happens, Australian producers will be well-placed to capitalise. Brinsden said the spodumene produced in Australia was becoming the preferred feedstock over brines from South America.

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Stavely Resources has delivered an exceptional copper-gold drill result from its drill-out of the Cayley Lode at its Thursday’s Gossan project in Victoria

Stavely Resources has delivered an exceptional copper-gold drill result from its drill-out of the Cayley Lode at its Thursday’s Gossan project in Victoria, with the company saying it continues to “be amazed by the scale of this mineral system” (reports MiningNews). The new intercept of 87m grading 1.74% copper, 0.57 grams per tonne gold and 20gpt silver from 140m down hole is seen as being on par to the discovery hit of 32m at 5.88% copper, 1gpt gold and 58gpt silver from 62m downhole reported last September. The two hits are 100m apart.

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Stavely Minerals continues to be surprised “by the incredible consistency and continuity of mineralisation” in the Cayley Lode, part of the Thursday’s Gossan copper-gold discovery in Victoria (reports Stockhead).

Stavely Minerals continues to be surprised “by the incredible consistency and continuity of mineralisation” in the Cayley Lode, part of the Thursday’s Gossan copper-gold discovery in Victoria (reports Stockhead).

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Liontown Resources believes the revised prefeasibility study for the Kathleen Valley lithium project in Western Australia will significantly improve the economics (reports MiningNews)

Liontown Resources believes the revised prefeasibility study for the Kathleen Valley lithium project in Western Australia will significantly improve the economics (reports MiningNews). Last month, the company boosted the project's resource to 156Mt grading 1.4% lithium oxide and 130 parts per million tantalum pentoxide, up from 139Mt at 1.3% lithium and 140ppm tantalum. "Kathleen Valley is firmly entrenched as a tier one lithium deposit," Liontown managing director David Richards told a Resources Rising Stars virtual event.

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Perth junior Breaker Resources (ASX: BRB) has discovered several new high-grade lodes from deeper drilling below an open pit resource within its Lake Roe gold project near Kalgoorlie

Perth junior Breaker Resources (ASX: BRB) has discovered several new high-grade lodes from deeper drilling below an open pit resource within its Lake Roe gold project near Kalgoorlie. Results received from four reconnaissance diamond drill holes completed below the northern part of the Bombora deposit have highlighted the possibility of expanding the existing 1 million ounce resource at depth.

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