Articles for tag: breaks, Gold, price, Time

March 21, 2024

Ron Finklestien

mining

The Golden Surge: Gold Price Surpasses $2,200 Mark for the First Time

Gold’s Unprecedented Rally Gold, the age-old harbinger of uncertainty, has once again set tongues wagging in the financial world. The precious metal, which embarked on its latest rally mid-February, has shattered records with a seemingly unstoppable climb. Fuelled by enduring tailwinds such as heightened geopolitical tensions and increased central bank purchases, gold has clinched new highs five times this month alone. Driving Forces Behind the Bullion The gold market has left seasoned experts scratching their heads with its meteoric rise, lacking a clear-cut catalyst. Despite the absence of a definitive trigger, expectations of a more accommodative monetary policy in the

February 8, 2024

Ron Finklestien

mining

Palladium market shifts as price falls below platinum for the first time since 2018 Palladium market shifts as price falls below platinum for the first time since 2018

The palladium market is undergoing a seismic shift as prices have dropped below those of platinum for the first time since 2018. This reversal comes after palladium fell by 39% in 2023. The surge in prices from 2018 to 2022 led the auto sector, which accounts for 80% of demand, to begin substituting it with more affordable platinum in autocatalysts. EVs and Offgas Treatment The increasing adoption of electric vehicles (EVs), which do not require any offgas treatment system, has further compounded the challenges facing palladium. “That means that demand will shrink while supply will remain more or less stable,”

January 30, 2024

Ron Finklestien

mining

Artemis Makes Steady Progress on Blackwater Project Amidst Early Expansion Speculation

Roads and Infrastructure Artemis Minerals Inc. has reported that construction for the first phase of the Blackwater project is well on track, with roads completed and continuing work on water management facilities and the transmission line. Key activities are underway at the plant site, including foundation work, reagents building, and ball mill pedestals. The company is pushing forward with carbon-in-leach and detox tank erection, three-stage crushing, and reclaim tunnel civil works. Furthermore, the erection of the mill building and installation of the ball mill have commenced. Expanding Fleet and Equipment The construction fleet has been bolstered with the addition of