News - Market Insights

RareX is set to upgrade resources at its Cummins Range rare earths project as drilling highlights the potential for high-grade primary mineralisation at depth (reports Stockhead).

RareX is set to upgrade resources at its Cummins Range rare earths project as drilling highlights the potential for high-grade primary mineralisation at depth (reports Stockhead). Final assays from its successful maiden infill and extensional drilling program at the project in Western Australia’s Kimberley region confirmed depth extensions of previously reported wide mineralised zones.

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The reason why iron ore is at near record highs after the worst year for the global economy in a decade is: Chinese property developers (writes fund manager James White in The Australian Financial Review)

The reason why iron ore is at near record highs after the worst year for the global economy in a decade is: Chinese property developers (writes fund manager James White in The Australian Financial Review). They are building 14,000 Eureka Towers per year. The rise in the iron ore price over 2020 has been the one positive economic shock for Australia in this strangest of years. The return to 2012 levels has come with little fanfare and considerable uncertainty. How can the worst year for the global economy in a decade drive near record highs for red dirt?

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18th December 2020

Uranium equities have been on a tear this month, with a move this week by Cameco set to further improve sentiment (reports MiningNews).

Uranium equities have been on a tear this month, with a move this week by Cameco set to further improve sentiment (reports MiningNews). This week, Cameco announced the suspension of its 50%-owned Cigar Lake mine in Saskatchewan, the world's largest uranium operation, due to increasing risks posed by COVID-19 and a lack of access to qualified workers. It said its share of production for the first nine months of 2020 had been 2.3 million pounds of uranium oxide, and it would not meet full-year guidance of 5.3Mlb.

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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.

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Coal markets have been deeply distorted by Beijing's blacklisting of Australian coal, providing Australian miners with an unusual set of incentives and undermining confidence in price setting mechanisms (reports The Australian Financial Review).

Coal markets have been deeply distorted by Beijing's blacklisting of Australian coal, providing Australian miners with an unusual set of incentives and undermining confidence in price setting mechanisms (reports The Australian Financial Review).

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Bardoc Gold has agreed a binding offtake deal for the 50% of the gold it expects to produce at its namesake project north of Kalgoorlie that is refractory (reports MiningNews).

Bardoc Gold has agreed a binding offtake deal for the 50% of the gold it expects to produce at its namesake project north of Kalgoorlie that is refractory (reports MiningNews). MRI Trading has agreed a sales contract for a concentrate to be produced at Bardoc, with the other 50% of production to be in a conventional gold dore form. Terms of the offtake weren't released but Bardoc suggested the deal "compares extremely favourably to the PFS".

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TNG Limited (ASX: TNG), which has so far this year done deals over green hydrogen and vanadium storage batteries, has now come up with a means to avoid dumping wastewater into Darwin harbour (reports Small Caps).

TNG Limited (ASX: TNG), which has so far this year done deals over green hydrogen and vanadium storage batteries, has now come up with a means to avoid dumping wastewater into Darwin harbour (reports Small Caps). A wastewater treatment plant will be added to the planned facility in Darwin that will process concentrate from the company’s Mount Peake vanadium-titanium-iron mine project in the Northern Territory.

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Skyrocketing electric vehicle sales will boost battery-related graphite demand by a factor of 15 by the end of the decade, sparking a chronic shortage of fine grade material, Benchmark Mineral Intelligence (BMI) analyst George Miller said

Skyrocketing electric vehicle sales will boost battery-related graphite demand by a factor of 15 by the end of the decade, sparking a chronic shortage of fine grade material, Benchmark Mineral Intelligence (BMI) analyst George Miller said (reports MiningNews). Speaking at the first session of BMI's "Benchmark Week 2020" - a series of webinars spanning the breadth of the battery minerals supply chain, Miller said growth in demand for graphite from the battery sector would rise 30% per year on average out to 2030.

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