News - Market Insights

Construction will start on Australia's biggest lithium ion battery plant in Townsville next year if an Australian-led consortium secures debt funding when it completes a feasibility study at the end of September (reports The Australian Financial Review).

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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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Lithium may not be the hot commodity for investors it once was but that hasn’t stopped Liontown Resources from pushing ahead with plans to develop its Kathleen Valley project

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There is growing investor excitement in the upcoming exploration season at PolarX’s Alaska Range Project, as reflected in a report published this week by veteran analyst Gavin Wendt.

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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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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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4th - 5th Jun 2019

Gold Coast Conference

The 2019 Resources Rising Stars Conference was held on Tuesday 4 and Wednesday 5 June 2019 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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