Catch up and get informed with this week’s content highlights from Charlotte McLeod, our editorial director.
Gold spent time around US$1,845 per ounce this week, supported by concerns about inflation.
Those worries came after the release of Consumer Price Index data. According to the US Department of Labor, the index, which tracks a basket of goods, as well as energy and housing costs, rose 4.2 percent year-on-year in April, marking its fastest pace in 12 years. A weaker US dollar also helped gold.
Experts remain optimistic about gold’s future prospects, and I recently spoke with Ed Moy of Valaurum, who believes it should reach the US$2,000 to US$2,100 level by the end of the year. Why? His perspective is that when premiums are taken into account, buyers are already paying that much for gold.
Chris Berry of House Mountain Partners spoke to INN about the battery metals space, building out supply chains in North America and more.
Battery metals prices are rising as demand from the electric vehicle (EV) sector gathers pace.
The last high price environment was seen back in 2017 and 2018, and prices for key metals such as lithium and cobalt stayed low for a few years after that.
Some of the trends that were in process back then have only gotten stronger, Chris Berry of House Mountain Partners told the Investing News Network.
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China drives copper price surge, bringing hope to African producers Batches of processed copper are inspected before shipping in the Democratic Republic of Congo. Photo: Getty Images
Copper prices have breached the US$10,000 per tonne mark for the first time since 2011 due to strong demand in China and the weak dollar - providing hopes for producers such as Zambia, which last year defaulted on its foreign debt, and the Democratic Republic of Congo.
A tonne of copper on the London Metal Exchange was selling for US$9,963 after briefly exceeding US$10,000 on Thursday. The last time it fetched such a high price was in February 2011, when it sold for a high of US$10,190 per tonne.
Live Virtual Investor Conference April 22nd: Critical and Strategic Minerals Investment Opportunities in the Province of Quebec investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.
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VANCOUVER, BC / ACCESSWIRE / April 9, 2021 / Zimtu Capital Corp. (TSXV:ZC)(FSE:ZCT1) (the Company or Zimtu ) is pleased to announce its next Zoom with Zimtu investor presentation featuring rare earth elements and noted industry analysts Chris Berry, of House Mountain Partners, and Stephan Bogner, from Rockstone Research on Wednesday April 21st, beginning at 10:00 AM PDT (Vancouver). Three of Zimtu Capital s equity holdings, Commerce Resources, Eagle Bay Resources and Saville Resources, will present on their respective projects. Rare earth elements, and especially permanent magnets manufactured with rare earth oxides of neodymium and praseodymium, are becoming increasingly important as we make the transition to a low-carbon economy powered by renewable electrical energy, said Dave Hodge, President of Zimtu Capital. This fundamental economic transition provides a compelling opportunity for investing in rare earths, because they are the foundations of our future. We re quite