News - Market Insights

Nickel is the clear winner in a three-stage minerals and metals “beauty parade”, scoring top marks as an investment over the next 12-months, 24-months, and a shared second place in the five-year category with its battery cousins, lithium and cobalt (reports Tim Treadgold on Stockhead). Interestingly, lithium and cobalt are not expected to join nickel as short-term winners because the current glut of material is overwhelming the market for electric cars which received a fresh setback this week when China cut subsidies for battery-powered vehicles.

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About 85-113 million tonnes of global iron ore production will be lost this year, according to BMO Capital Markets, following updates from major producers Vale, Rio Tinto and BHP (reports MiningNews). However RBC analyst Tyler Broda noted Vale's ability to draw down on stockpiles and tipped the Brazil-based miner would ship more tonnes into the seaborne market this year than in 2018, also pointing to the iron ore price easing.

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After a long period of over-supply, a global diamond shortage may be on the way

After a long period of over-supply, a global diamond shortage may be on the way, says analyst Kieron Hodgson of London-based broker Panmure Gordon (reports Stockhead). This top-rated analyst believes global diamond production will moderate this year before declining through until 2021. “We see the potential for the market to briefly encounter a shortfall scenario, possibly as high as 25 million carats, equal to 16 per cent of the current global production base,” Hodgson says.

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Pilbara Minerals is advancing a plan to sell a stake in its Pilgangoora project, which it is has just declared commercial

Pilbara Minerals is advancing a plan to sell a stake in its Pilgangoora project, which it is has just declared commercial, just two days after it advanced plans for a third stage expansion (reports MiningNews). The company says it is open to divesting between 20-49% in the Pilgangoora lithium-tantalum mine as part of a partnering process that will also look for offtake deals for the stage three expansion so it can vertically integrate the mine with downstream chemical facilities, but managing director Ken Brinsden said any partner needed to add value.

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Mincor Resources (ASX: MCR) has taken a “significant step” in the pathway to restarting nickel mining

Mincor Resources (ASX: MCR) has taken a “significant step” in the pathway to restarting nickel mining from its assets around Kambalda in WA after signing a term sheet with BHP Nickel West. This is the view of experienced resource analyst Brett McKay from Petra Capital in Sydney, who has set an updated price target of 84c per share for the stock (well north of the current price of 43c). The term sheet sets out the major operating principles that will form the basis for an Ore Tolling and Concentrate Purchase Agreement (OTPC) with BHP Nickel West.

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Australia's big miners have rallied hard, but that hasn't stopped Credit Suisse moving overweight (reports The Australian Financial Review). Australian mining giants might have had a stellar run over the past 12 months, but Credit Suisse’s head of global equities, Andrew Garthwaite, believes they’ve got scope to push higher still on the back of some big global trends. Credit Suisse moved overweight on the mining sector earlier this week, after seeing signs that the slump in global industrial production in the final quarter of 2018 was starting to bottom out.

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While macroeconomic pointers show gold could climb strongly later in the year, Saxo Bank’s head of commodity strategy Ole Hansen says silver and platinum could give investors bigger gains (reports MiningNews). Platinum has been unpopular in recent years as jewellery, investment and automotive demand have fallen. It is currently at US$856 per ounce, and has fallen firmly behind palladium, which has spent the past month at over $1500/oz. Hansen said platinum would come up again.

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The mining executive who prepared the ground for a tenement tug-of-war between BHP and Newcrest in Ecuador is convinced a lot more copper and gold will be found in the exploration hot spot

The mining executive who prepared the ground for a tenement tug-of-war between BHP and Newcrest in Ecuador is convinced a lot more copper and gold will be found in the explorati

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4th - 5th Jun 2019

Gold Coast Conference

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