60 Minutes overtime. If we want to achieve supply chain security, maybe we don't actually have to be opening dozens of new rare earth mines. Maybe we could actually achieve rare earth and other critical mineral supply chain security just by cleaning up the waste that we already have.This week on 60 Minutes, we report on rare earths, a group of 17 metallic elements on the periodic table that are essential for so many modern technologies. From smartphones and laptops to wind turbines and fighter jets, they ma ...

Core Insights - A significant shift in commodity markets is occurring due to the ongoing Iran war and the blockade of the Strait of Hormuz, reminiscent of the Arab oil embargo [1] - Gold prices are experiencing their worst monthly performance against Brent crude since December 1973, with a notable decline in the gold-to-oil ratio [2][4] Gold Market Dynamics - Gold prices have dropped 13% month-to-date, reaching $4,580 per ounce, marking the worst monthly decline since October 2008 [2] - The gold-to-Brent ratio has fallen 43% month-to-date, indicating that an ounce of gold can now buy approximately 40 barrels of crude [3] Geopolitical Impact on Gold - Contrary to traditional market expectations, gold is not rising amid geopolitical tensions; instead, it is influenced by interest rates, which are currently a concern due to rising oil prices [6] - The disruption in the Strait of Hormuz is reigniting inflation fears, leading to a shift in market expectations regarding Federal Reserve interest rate cuts [7] Market Sentiment and Future Expectations - Prior to the conflict, traders anticipated two Federal Reserve interest rate cuts in 2026, but this expectation has changed dramatically [7] - Currently, there is a 17% chance of a Fed rate hike this year, which is more than double the odds before the Iran war began [8]

RT Gaurab Chakrabarti (@Gaurab)The US has a tungsten shortage. China produces over 80% of the world's tungsten. The US produces zero. Our last mine closed in 2015. Beijing added tungsten to its export control list in February 2025 and as a result, exports fell over 40%. Prices surged 557% in thirteen months. Tungsten goes into armor-piercing rounds, jet engine superalloys, and drill bits. With 19.25 g/cm³ and the highest melting point of any metal, nothing fully substitutes. The first Western alternative mi ...

ab 17 March 2026 Global Research Indonesian Metals Sector Nickel: Upside risk may begin to play out Nickel price remains skewed to upside, led by Indonesia nickel dynamics We believe the near-term risk to nickel prices is skewed to the upside, led by Indonesia nickel, and may soon begin to play out as: 1) We are approaching end-March 2026, when most local miners would adjust output to the new 2026 nickel ore mining quota (RKAB) of 260-270m wmt in aggregate (2025: 379m wmt). 2) We believe the H126 quota impl ...

Global Research ab 17 March 2026 Mining Strategy China Demand: Signals mixed in Feb-26 China's commodity demand indicators mixed Commodity demand indicators were mixed, with risks for commodities shifting. Retail sales beat market expectations, while the downturn in the property sector deepened. We view implementation of China's 15th Five-Year Plan as a key catalyst near term, though with resilient growth momentum, we see reduced urgency for additional near- term policy easing. We anticipate any policy will ...

Zijin Mining (2899.HK) Earnings Review: 2025A inline; Higher realized ASP offset by higher cost; Maintain Buy on attractive valuation and continued volume growth delivery ahead | 2899.HK | 12m Price Target: HK$52.00 | Price: HK$34.22 | Upside: 52.0% | | --- | --- | --- | --- | | 601899.SS | 12m Price Target: Rmb50.00 | Price: Rmb31.65 | Upside: 58.0% | Zijin reported 2025A NP of Rmb51.8bn and EPS of Rmb1.95/sh, up 62% and 60% yoy respectively, in line with the previous profit alert. Excluding one-offs, incl ...

March 20, 2026 05:24 PM GMT Zijin Mining Group | Asia Pacific Robust full-year 2025 results; Rmb1.5-2.5bn buyback announced Reaction to earnings Unchanged In-line Largely unchanged Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Unit cost for copper grew 11% YoY, to Rmb25.5k/t in 2025; for gold, it rose 19% YoY,, to Rmb275/g, owing to lower grade, higher loyalty, and higher cost of newly acquired mines during transition period. These factors were well managed ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Ramaco Resources, Inc. during the specified Class Period of the upcoming lead plaintiff deadline on March 31, 2026, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Ramaco securities between July 31, 2025, and October 23, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by March 31, 2026 [2]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company [3]. - The firm has consistently ranked in the top 4 for securities class action settlements since 2013 and recovered hundreds of millions of dollars for investors, including over $438 million in 2019 [3]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Ramaco's defendants made materially false and misleading statements regarding the mining activities at the Brook Mine, claiming that no significant work had commenced and that development progress was overstated [4]. - As a result of these misleading statements, investors suffered damages when the true situation was revealed [4].

Core Insights - Lifezone Metals highlighted progress at the Kabanga Nickel Project, strategic financing, partner discussions, and downstream technology initiatives during its 2025 full-year results webcast [2] Project Overview - Kabanga is positioned as a flagship, "development-ready" asset, described as one of the largest and highest-grade nickel sulfide deposits, potentially serving as an alternative to supply chains dominated by Indonesia [3] - The feasibility study indicates Kabanga's competitiveness with an after-tax net present value (NPV) of $1.58 billion and an internal rate of return (IRR) of 23.3% [4][5] Key Milestones - The company completed its resettlement plan and compensation process, which is crucial for establishing a social license to operate [6] - A significant milestone was the acquisition of BHP's 17% interest in the project, characterized as accretive and favorable due to the deferred payment structure [7] Financing Strategy - Lifezone is advancing a $60 million senior secured bridge facility from Taurus Mining Finance, specifically for the Kabanga project [8] - The company is exploring various financing options, including interest from miners, sovereign entities, and private equity, with potential offers that could lead to a change of control [8] Project Readiness - Kabanga is "largely permitted," with no current permitting issues anticipated to hinder construction [9] - The Tanzanian government has laid power to the site, reducing reliance on diesel generation [10] Strategic Partnerships - A long-term strategic partner process led by Standard Chartered Bank is in advanced stages, with term sheet negotiations nearly complete [11] - The project financing workstream is supported by Societe Generale, with multiple lender due diligence advisors appointed [11] Procurement and Capital Expenditure - Procurement activity is underway, with expressions of interest totaling around $380 million, against a total project capital expenditure estimate of $930 million [12] - The company has invested $140 million in confirmation drilling and study work, with over 90% of the feasibility estimate bottom-up priced [12] Financial Results - For 2025, the company reported year-end cash of $20.1 million and net proceeds from funding of $30.9 million [13] - Lifezone reported a net loss of $14.1 million, with a diluted loss per share of $0.17 [15] Recycling Initiative and Future Plans - Lifezone is nearing completion of a pilot program for a U.S.-based catalytic converter recycling initiative in partnership with Glencore [18] - The company plans to implement a nickel refinery in Tanzania, pursuing a staged approach [19] Market Dynamics - Recent nickel price movements may be influenced by geopolitical developments, particularly Indonesia's regulatory changes affecting nickel pricing [22] Future Priorities - Management's priorities include progressing Kabanga toward FID, concluding the strategic partner process, and advancing tenders and pre-development works [23]

Core Insights - The world's largest mining companies have experienced stock losses nearing 30% since the onset of the war, with copper entering a bear market, silver down 40% from its peak, and gold facing its worst week in decades [1][2] Market Performance - Gold futures fell by $225 an ounce, closing at $4,492, marking a 3.5% decline for the day and over 11% for the week [1] - Silver dropped to $67.81, a 6.9% decrease from the start of trading on Friday [1] - Copper ended the day down 4.0% at $5.30 per pound ($11,690 per tonne), with a weekly decline of 7.4% [2] Company-Specific Impacts - Newmont's stock is down 26.3% since the war began, trading at a market cap of $104 billion, down from $143 billion [3][4] - Barrick Mining has seen a 26.8% decline, with a market cap of $62 billion, down $27 billion since late January [4] - Teck Resources holds a royalty on Barrick's Fourmile gold project, which could significantly impact Barrick's valuation [5] Other Mining Companies - AngloGold Ashanti's shares have plummeted 37.4% in March, resulting in a market value of $40 billion, while Gold Fields lost 33.6% to $35 billion [5] - Wheaton Precious Metals has fallen nearly 30% since the conflict began, now valued at $52 billion [6] - Fresnillo's shares are down 31.3% in March, reducing its market cap to $30 billion [7] Broader Industry Trends - BHP's shares have decreased by 20.0%, with a market cap of $168.58 billion, despite record profits [8] - Glencore has only lost 4.3% since the start of the conflict, now valued at $81 billion, making it the best performer among major mining companies year-to-date [18] - Vale's stock has declined by 18.2%, with a market cap of $61 billion, positioning it as one of the better-performing large-cap miners [20]