Lithium – In an article published this morning, Industrial Minerals' Simon Moores states that Tesla Motors Inc.'s (NASDAQ:TSLA) planned $5-billion lithium-ion battery "gigafactory" could increase natural graphite demand by 37 percent by 2020.
Resource Market News Directory
Gold – Mineweb reported that Standard & Poor's Financial Services LLC has lowered its rating for drilling company Boart Longyear Ltd. (ASX:BLY) in part due to its view that gold, copper and iron prices will not improve this year or in 2015.
Silver – Mining Weekly reported that at this week's Prospectors and Developers Association of Canada conference, Jeffrey Christian, managing partner at CPM Group, said he expects net physical silver purchasing to drop in 2013.
Gas – MarketWatch reported that natural gas futures are up 3 percent today as a result of data showing a bigger-than-expected fall in US supplies.
Gas – Mining Weekly reported that Andrew Mackenzie, CEO of BHP Billiton Ltd. (NYSE:BHP,ASX:BHP,LSE:BLT), believes that although the US shale gas industry is growing quickly, coal will continue to be the most dominant source of fuel worldwide for the coming years.
Platinum – Reuters reported that the US Mint plans to start selling American Eagle platinum bullion coins again on March 10 due to "renewed interest from investors and dealers." It has not sold them for the last four years.
Gold – Reuters reported that according to Zimbabwe's finance minister, the country's only gold reserves are coins valued at $501,390.
Iron – Mineweb reported that on Monday, the Mexican government began a "major crackdown" on the Knights Templar drug cartel's illegal iron ore smuggling activity. Mining is reportedly one of the group's main sources of income.
Iron – Reuters reported that iron ore exports to China from Australia's Port Hedland rose to 21.34 million tonnes in February, up 36 percent from the year-ago period. In the previous month, they came to a total of 23.31 million tonnes.
Gold – Bloomberg reported yesterday that New York resident Kevin Maher is suing Barclays plc (NYSE:BCS), Deutsche Bank AG (NYSE:DB) and three other banks in Manhattan federal court.