News - Prospector's Diary

Outages, shortages and mine closures are emerging as an important price-moving factor in the resources sector, with uranium making a surprise return to the winner’s circle this week...

Outages, shortages and mine closures are emerging as an important price-moving factor in the resources sector, with uranium making a surprise return to the winner’s circle this week thanks to a major mine in Canada being mothballed for at least a month. While not in the same league as last year’s outage events in the Brazilian iron ore industry, which put a rocket under the iron ore price, the Covid-19-caused loss of uranium supply from Cameco’s Cigar Lake mine gave the nuclear fuel a 15% price boost.

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High-quality discovery news, successful capital raisings and confident buy tips have been rare commodities over the past month, but the past few days have seen signs of normality returning to a badly-bruised resources sector.

High-quality discovery news, successful capital raisings and confident buy tips have been rare commodities over the past month, but the past few days have seen signs of normality returning to a badly-bruised resources sector. It wasn’t all good news, it never is, with leading gold producer, Northern Star, suffering a “coronavirus-related” setback which rubbed the gloss off its share price.

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Volatility was the theme of last week’s edition of Prospector’s Diary, and boy did we all learn a lot about what that means this week

Volatility was the theme of last week’s edition of Prospector’s Diary, and boy did we all learn a lot about what that means this week, leading to the question of what’s next. In a word, drought, and the lessons investors can learn from farmers when they hit a dry patch. The first things farmers don’t do is panic because they know that in Australia drought is as natural as flood.

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If you ever wondered what volatile means, you’ll soon know because over the next few months, and perhaps for the rest of 2020, financial markets will be on a wild ride

If you ever wondered what volatile means, you’ll soon know because over the next few months, and perhaps for the rest of 2020, financial markets will be on a wild ride, up one day, down the next. That might sound like stating the obvious after recent economic, political and public health events but now comes the reckoning as a tug of war develops between wounded bulls keen to sell, perhaps to cover margin loans, and bargain hunters looking for cheap buys.

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Northern Star, Orecorp, Silver Lake, Bellevue, Saracen and Red 5: A six-pack of the best from the sector

The old saying about gold loving a crisis has never been more true, and while that’s easy to see thanks to the turmoil triggered by fear of the China coronavirus, it is less easy to understand why gold has surged and retreated several times in recent weeks. No-one can claim to know the reason for each upward and downward move in the gold price; the metal is exposed to so many forces that any one of them could be the driver at a particular time.

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A heightened aversion to risk dominates the thinking of most investors as fear of the coronavirus and its impact on the global economy drives money into gold, but if there’s one base metal well placed to ride out this burst of uncertainty it’s Dr Copper.

A heightened aversion to risk dominates the thinking of most investors as fear of the coronavirus and its impact on the global economy drives money into gold, but if there’s one base metal well placed to ride out this burst of uncertainty it’s Dr Copper. That nickname for copper says a lot about the metal itself because it goes to the secret of its success as a commodity with a vast range of uses, from electronics to construction and transport – especially in electric vehicles, which use three-times the amount of copper as conventional vehicles.

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In the second of his special series on commodities, Prospector’s Diary looks at the Devil’s Metal

Fortunes to rival those from gold have been made in the Australian nickel mining industry, but it is also a metal that more than lives up to its nickname of “devil metal” or “devil’s copper”. Erratic price movements which have seen nickel soar to more than $US20 a pound before crashing back to $US4/lb are the modern reason for treating nickel with caution.

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A new special series from Prospector’s Diary looks at four commodities and their key players. This first edition focuses on lithium.

Lithium returned back as an investment favourite last week, riding on the back of a super-charged share-price performance from leading electric car maker Tesla, leaving many investors questioning what’s the best way for them to re-join the lithium race. Lithium 101: Volcanic eruptions often begin with preliminary tremors, but knowing exactly when the earth’s surface might burst open is an event geologists can’t predict, they just know something big is on the way – or, might be on the way.

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