News - Market Insights

Lynas has scored a big win over Republican foreign policy hawks who tried to shoot down Pentagon backing for the company’s plans to build a heavy rare earths separation plant in Texas (reports The Australian Financial Review).

Lynas has scored a big win over Republican foreign policy hawks who tried to shoot down Pentagon backing for the company’s plans to build a heavy rare earths separation plant in Texas (reports The Australian Financial Review). Amanda Lacaze-led Lynas and the US Department of Defence (DoD) have signed off on a contract for work toward the plant, which Lynas intends to build in partnership with Texas-based Blue Line Corporation.

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Gold’s unrelenting march higher shows no signs of slowing after a plunge in the US dollar swept prices past the previous high set in 2011 and put the metal on track for even bigger gains (reports Bloomberg).

Gold’s unrelenting march higher shows no signs of slowing after a plunge in the US dollar swept prices past the previous high set in 2011 and put the metal on track for even bigger gains (reports Bloomberg). Bullion’s surge came as a gauge of the US currency sank to the lowest in more than a year, the latest in a long line of bullish factors — including negative real rates in the US and bets the Federal Reserve will keep policy accommodative when it meets this week — that are pushing prices ever higher.

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WA lithium producer Pilbara Minerals says it has managed to refinance a $US100m bond taken out in 2017 to fund construction of its Pilgangoora lithium mine in 2017

WA lithium producer Pilbara Minerals says it has managed to refinance a $US100m bond taken out in 2017 to fund construction of its Pilgangoora lithium mine in 2017, in a sign the gloom surrounding the lithium sector may be beginning to lift (reports The Australian).

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Chalice Gold Mines is having quite a year, now announcing it may have a tier-one scale gold system in Victoria (reports Small Caps).

Chalice Gold Mines is having quite a year, now announcing it may have a tier-one scale gold system in Victoria (reports Small Caps). Following on the heels of its huge Julimar nickel-copper-platinum group elements (PGE) discovery near Perth, the company has now confirmed it has a large gold system found under cover in historical Victorian gold country.

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In a market where nickel sulphide resources are scarce, Centaurus Metals managed to get its hands on a large deposit for little upfront cost (reports MiningNews).

In a market where nickel sulphide resources are scarce, Centaurus Metals managed to get its hands on a large deposit for little upfront cost (reports MiningNews). The company announced the acquisition of the Jaguar nickel project in Brazil's Carajas Province from Vale in early August 2019. The market's recognition of the deal has been a slow-burner. The stock actually fell 22% on the day the deal was announced, hitting 10c, the lowest level during the second half of 2019.

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Elon Musk has a plea for mining companies: “Please mine more nickel” (reports Bloomberg)

Elon Musk has a plea for mining companies: “Please mine more nickel” (reports Bloomberg) “Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way,” said Musk, chief executive of the electric-carmaker, during a second-quarter earnings call. Musk’s plea comes as one of Japan’s general trading giants is about to take a roughly $US500 million ($700m) writedown on a nickel project in Madagascar because of low prices and the coronavirus pandemic.

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Chalice Gold Mines has taken an option to earn up to a 70% stake in the South West nickel-copper project which has a “Julimar lookalike” target

Chalice Gold Mines has taken an option to earn up to a 70% stake in the South West nickel-copper project which has a “Julimar lookalike” target, a reference to the company’s headline-making discovery in March (reports Small Caps). In a deal with Venture Minerals (ASX: VMS), Chalice will farm into this new project, which lies near the highly prospective western margin of the Yilgarn Craton in Western Australia and has had limited historical exploration.

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Gateway’s (ASX:GML) main asset is the Gidgee gold project, an emerging large-scale gold system in the heart of WA’s mineral-rich Murchison and Northern Goldfields (reports Stockhead).

Gateway’s (ASX:GML) main asset is the Gidgee gold project, an emerging large-scale gold system in the heart of WA’s mineral-rich Murchison and Northern Goldfields (reports Stockhead). Five shallow open pits were mined here between 1988 and 1992, producing about 150,000oz back when the gold price languished at around $500/oz. But over the past 25 years exploration has been sporadic, at best.

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