Canada announces more federal investment for projects to advance critical minerals mining
Canada Energy and Natural Resources Minister Tim Hodgson on June 29 announced investments of up to $73-million planned for 12 projects across Canada to advance mining and the infrastructure needed to connect Canadian critical minerals to global markets. The country has been on a drive to position itself as a stable supplier of the mineral resources that power clean energy, advanced manufacturing and defence. The new investments include $51.5-million …
Continue Reading
Nigeria identifies major new critical minerals district, large lithium discovery
Nigeria has revealed what officials describe as its most significant critical minerals discoveries in years as Africa’s largest oil producer seeks to diversify its economy and establish itself as a key supplier for the global energy transition. At the African Natural Resources and Energy Investment Summit in Abuja last week, the country said it has identified a new polymetallic mineral province …
Continue Reading
Platinum ETF Faces Mounting Headwinds Amid Market Shifts
The abrdn Physical Platinum Shares ETF faces challenges from high interest rates, a strong US dollar, and sector volatility, testing the resilience of physically-backed commodity funds. The precious metals sector is navigating a complex set of challenges, with the abrdn Physical Platinum Shares ETF feeling the pressure. Recent declines in gold and silver have brought the resilience of physically-backed commodity …
Continue Reading