Lithium’s $100B question: Who will build 134 new mines?

Global lithium demand is expected to more than triple by 2050, requiring the equivalent of 134 new mines and more than $100 billion in investment as electric vehicle adoption accelerates, according to Benchmark Mineral Intelligence. The London-based research firm forecasts consumption will climb to nearly 7 million tonnes of lithium carbonate equivalent (LCE) by mid-century from 2.11 million tonnes this …

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Chile’s rare earth ambitions hit refining bottleneck

Chile’s push to become a major rare earth supplier faces a costly industrial gap as the country advances mining and metal production projects without the separation capacity needed to build an integrated supply chain, according to a new study by GEM Mining Consulting. The challenge came into focus with the Oct. 7 inauguration of a demonstration plant at Huachipato in …

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Gold edges up as oil remains elevated fueling inflation concerns

Gold prices edged higher in early trading Wednesday as US Treasury yields inched lower, although persistent inflation and the prospect of further Federal Reserve tightening continued to limit gains in precious metals. At the time of writing, spot gold was trading near $4,132.70 an ounce, up 0.22%. Spot silver moved in the opposite direction, down 0.58%, to around $57.61 an …

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How Bad Would It Get If China Blocks Rare Earths to America?

Taiwan is the next pressure point that will test China’s weaponization of rare earth metals. When Japan indicated it would not remain neutral in a Taiwan conflict, Beijing responded by sharply restricting exports of several heavy rare earth materials, including dysprosium and terbium. Japan was the test case. With U.S.-China tensions escalating, a confrontation could likely lead to an immediate …

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AI boom ‘overhyped’ as copper demand driver

“We’re not at current price levels in base metals because of demand conditions,” Snowdon said. He said copper was at $14,500 per tonne because of US policy, while aluminium and zinc prices had been supported by supply “going backwards” for long periods this year. The London Metal Exchange three-month copper price closed at $14,420.50 per tonne at 5pm on Tuesday …

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Government Debt Debacles & Gold

It’s becoming more apparent that Western nations are in danger of descending into stagflationary quagmires like Venezuela has become. In America for example, the government’s fiat money enthusiasts are focused on debt-themed mid-term elections… while struggling citizens face stifling inflation that threatens to go out of control. Citizens of Russia, Ukraine, and Iran are trying not to get ruined by …

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Japan Nears Rare Earth Shortage as China Tightens Supply

Japan could exhaust supplies of a rare earth metal essential to cars, jet engines and semiconductor production within months, prompting Tokyo to seek Washington’s help in persuading China to loosen export restrictions, the Financial Times reports. Japanese officials and trading company executives warned that shortages of yttrium could begin before year-end unless China releases more material or buyers secure alternative …

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Colombia’s Critical Minerals Could Be a Game Changer for America

Since taking office, Colombia’s far-right president, Abelardo de la Espriella, has moved aggressively to restore ties with Washington after relations frayed under Gustavo Petro. The rapprochement revives a decades-old strategic alliance that made Colombia one of Washington’s closest partners in Latin America. Early last month, the two countries agreed to deepen cooperation on critical minerals, including rare earths, tungsten and …

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Digital gold could triple by 2031, WGC estimates

Digital gold could bring $95 billion (C$135 billion) in new money into bullion by 2031 if providers can win investors’ trust, the World Gold Council and Boston Consulting Group estimate. A joint report released Monday projects the market for digital gold, which lets investors own physical bullion through digital tokens or online accounts while a custodian stores the metal, could …

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Canada’s new foreign investment rules: What critical minerals miners need to know 

Canadian critical minerals companies will need to consider how they raise foreign capital as Ottawa prepares to implement new Investment Canada Act rules that will require certain types of minority investments into a mandatory pre-closing filing regime.  The changes could have particular consequences for miners and developers that rely on strategic investors to finance exploration, feasibility work, and project development, …

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