Mining Trends to Watch in 2013
Two high-profile groups believe the major challenges that miners will face in the coming year come down to one word: costs.
Two high-profile groups believe the major challenges that miners will face in the coming year come down to one word: costs.
A just-released report reveals why the country’s resource sector looks set for continued growth. Here’s a look behind the numbers.
Oil – WTI-Brent crude price spread the story of 2011 for oil.
Uranium – One consideration that has contributed to a decline in uranium equity valuations over the last 3 months has been the result of an overall market correction represented by a drop in the broader equity indices.
Gold – Jonathan Kosares, author of a yearly report on the seasonality of gold, says investors may see a drop in June or July, with a bounce back in the fall.
Lithium – Newly listed on the TSE, Western Lithium USA has leased a portion of claims on the Kings Valley Project located in north-western Nevada with lithium rich hectorite clay deposits. The company has conducted a scoping study and has a resource estimate for the initial stage of development hosting a historically estimated 11 million tones of lithium carbonate equivalent (LCE).
Cobalt – Cobalt consumption has increased in 2010 and this trend should continue in coming years, due largely to the mineral’s use in rechargeable batteries, like those found in hybrid electric vehicles. What makes the future of cobalt somewhat uncertain, however, is that the industry is unusually complex and concerns about conflict minerals continue to make headlines.
Gold – Overall, the gold price is up 11 percent in the last three months, and over the last year the spot price is up by 24 percent. The price of physical gold has outperformed most other major asset classes following the global financial crisis, appreciating by approximately 67 percent while equity markets, are still in negative territory.
Gold Investing News reports gold price rallied to a 3 week high of $961. Spot gold was at $954.50 an ounce, up 0.5 per cent from New York’s notional close of $949.65, but off a three-week high of $961.00 marked on August 28. In August, gold was mostly caught in a narrow range, falling 0.4 per [...]
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