欧洲天然资源基金特约分析师李冈峰表示，至12月初为止，各金属的基金多头上涨，当中钯金合约经历了164周(自2022年10月23日起)基金净空后，终于 恢复净多头。银价急起直追，至上周五为止今年已经升达132%，金银比更从90.84跌至64.6。但基金于美国期货白银净多年初至今仅升66%，说明实物需 求推高所致。某知名金属交易商调查结果显示，51%受访者认为白银会继续在2026年跑赢市场，29%认为黄金会再度领先，11%认为2026年最看好铜，剩 余10%看好铂金。铂金今年升幅亦达120%，但历史上，一安士铂金平均能换60多安士白银，而最近1安士铂金才能换29安士白银处于历史最低水平，反映 相对白银，铂金现在的估值是历史中最便宜的。 另外值得留意，市场已经有人开始赌2027年美联储会开始加息了(虽然现时几率还很少)。李冈峰之前指出，这次商品大牛市，可能会被美国的加息周期干 掉，所以非常重要。 | | | COMEX黄金 | COMEX白银 | | Nymex铂金 | | Nymex把金 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | ( ...

Core Viewpoint - The article discusses the recent trends in the precious metals market, particularly focusing on the shifts in fund positions as reported by the CFTC, highlighting the recovery of net long positions in palladium and the significant rise in silver prices, while also addressing the implications of potential interest rate changes by the Federal Reserve [2][27]. Group 1: Fund Positions and Market Trends - As of December 9, 2023, funds have increased their net long positions in various metals, with palladium finally recovering to a net long position after 164 weeks of being net short [2][7]. - Silver prices have surged by 132% this year, while the gold-silver ratio has dropped from 90.84 to 64.6, indicating a strong demand for physical silver [2][27]. - The net long position in silver has only increased by 66% year-to-date, suggesting that the rise in price is primarily driven by physical demand rather than speculative trading [2][27]. Group 2: Price Comparisons and Historical Context - Platinum has also seen a significant increase of 120% this year, but its valuation relative to silver is at a historical low, with one ounce of platinum currently able to exchange for only 29 ounces of silver [2][27]. - The article notes that historically, one ounce of platinum could be exchanged for over 60 ounces of silver, indicating that platinum is currently undervalued compared to silver [2][27]. Group 3: Federal Reserve and Economic Implications - The market is beginning to speculate on the possibility of the Federal Reserve starting to raise interest rates in 2027, despite current low probabilities [2][27]. - The article emphasizes the importance of monitoring the Federal Reserve's actions, particularly regarding interest rate changes, as they could significantly impact the ongoing commodity bull market [2][27]. - The likelihood of a rate cut in March 2024 has increased to 47%, and the probability for April has risen to 64.6%, indicating a shift in market expectations [26][27].

Market Performance - NASDAQ 100 index is up approximately 22% year-to-date [3] - S&P 500 index has increased by about 18% [3] - Russell 2000 small cap index is up around 16% year-to-date [4] - Dow Jones index has risen by approximately 15% [4] - Technology sector has seen the best performance, increasing by about 25% year-to-date [4] - Communication services sector is up approximately 21% [4] - Gold has increased by 65% and silver by 139% [5] ETF Performance - iShares MSCI Global Silver Miners ETF is up about 206% [7] - Global X Gold Explorer ETF (GOEX) has increased by approximately 195% [7] - ProShares S&P Global Core Battery Metal ETF (ION) is up about 106% [9] - Sprott Critical Materials ETF has risen by approximately 96% [9] - Global X Disruptive Materials ETF (DMAT) is also up about 96% [9] - VanEck Rare Earth and Strategic Metals ETF (REMX) has increased by approximately 94% [9] - Global X Defense Tech ETF (SHLD) is up about 77% [13] - Stoxx Europe Aerospace and Defence ETF (EAD) has risen by approximately 73% [13] Key Drivers & Themes - Gains in gold are driven by persistent central bank buying [5] - Precious metals benefit from investors seeking alternatives to US dollar denominated assets [6] - Critical materials are driven by electrification, digitization, clean energy transition, and supply chain concentration [8] - Rising geopolitical tensions are fueling a boom in defense spending [13]

More than 60% of global demand for critical minerals is met through international trade, according to a recent study. While cross-border trade has helped scale supply, it has also increased exposure to geopolitical tensions, export controls, and processing bottlenecks, making mineral supply chains far more vulnerable to disruption amid surging demand.“Critical minerals underpin the technological innovations that drive economic growth, energy security, supply-chain resilience, and the competitiveness of emer ...

Core Viewpoint - Tartisan Nickel Corp. has successfully closed a Flow-Through private placement, raising $1,325,000 through the issuance of 6,625,000 flow-through shares at a price of $0.20 per share [1][2]. Group 1: Financial Details - The gross proceeds from the private placement will be allocated to advance exploration and development work at the Kenbridge Nickel-Copper-Cobalt Project, which is fully owned by the company [2]. - A 6% commission was paid in cash, along with 6% broker warrants, which are exercisable at $0.20 and expire twelve months from the date of issue [2]. Group 2: Company Overview - Tartisan Nickel Corp. is a Canadian-based company focused on the exploration and development of critical minerals, owning several projects including the Kenbridge Nickel Project, the Sill Lake Silver Property, and the Night Danger Turtle Pond project [4]. - The company’s common shares are listed on the Canadian Securities Exchange under the ticker CSE: TN, with a total of 147,299,041 shares outstanding and 151,325,756 fully diluted shares [5]. Group 3: Regulatory Information - The securities issued in this private placement are subject to regulatory approval and applicable statutory holding periods [3].

  December 19, 2025 – TheNewswire - Nord Precious Metals Mining Inc. (TSX.V: NTH) (OTCQB: CCWOF) (FRANKFURT: QN3) (the "Company" or "Nord") announces that further its news release dated December 1, 2025, the Company has closed the first tranche of a non brokered flow-through unit private placement financing by issuing 8,826,000 units (“FT Units”) at a price of $0.25 per FT Unit raising gross proceeds of $2,206,500. The Company also plans to issue up to an additional 7,174,000 FT Units at a price of $0.25 p ...

Core Insights - American Lithium Minerals, Inc. (AMLM) has secured exclusive options on three significant mineral properties in Quebec, Canada, enhancing its portfolio in critical and precious metals projects [1][4] - The acquisitions position AMLM to meet the increasing global demand for lithium, copper, nickel, gold, silver, and rare earth elements (REE) [1][4] Acquired Exclusive Options - The three projects include the Piscau-North Polymetallic Project, QC Real Earth Elements (REE) Project, and Couture Project, each offering unique mineral opportunities [7] Key Highlights - The Piscau-North Polymetallic Project is one of the largest in Quebec, featuring gold, copper, nickel, and lithium, providing multi-commodity exposure [7] - The QC Real Earth Elements Project boasts some of the highest REE grades in North America, with assays reaching up to 59% REE, supporting the demand for clean energy [7] - The Couture Project, located on the Quebec–Labrador border, has significant copper deposits with historical high-grade results, including copper grades up to 65% and silver assays of 420 g/t [7] Strategic Impact - The acquisitions are seen as a pivotal milestone for AMLM, enhancing its asset base and positioning the company for sustained growth and increased shareholder value [4] - The diversified portfolio allows AMLM to access multiple high-growth markets, with a focus on long-term growth potential through joint ventures and partnerships [7]

Core Insights - RecycLiCo Battery Materials Inc. held its 2025 Annual General Meeting of Shareholders on December 16, 2025, with record shareholder participation and overwhelming support for management's recommendations [1][2]. Shareholder Participation - Nearly 45% of the Company's issued and outstanding shares were represented at the meeting, marking a record turnout [2]. Board of Directors - The shareholders voted to retain Richard Sadowsky (Interim CEO), Paul Hildebrand (Chairman), Rod Langtry, and Kurt Lageschulte as directors, and elected Rob Chang as a new director [3][4]. - Rob Chang fills the vacancy left by the retirement of Andris Kikauka, who will continue as a consultant [3]. Management Statements - Richard Sadowsky expressed gratitude for the shareholders' support and emphasized the Company's commitment to creating a responsible domestic supply of critical minerals to meet North American demand [5]. Company Overview - RecycLiCo specializes in critical minerals refining and lithium-ion battery upcycling, utilizing advanced hydrometallurgical technologies to recover lithium, cobalt, nickel, and manganese from end-of-life batteries [6]. - The Company's focus aligns with the global demand for sustainable supply chains and the movement towards strengthening domestic sourcing of critical materials [6].

US-based Talon Metals has entered into a definitive share purchase agreement with Lundin Mining to acquire 100% of Lundin Mining US, the subsidiary that indirectly owns the Eagle Mine and Humboldt Mill. The deal will see Lundin Mining receive 275.2 million Talon shares, representing 18.4% of Talon’s issued and outstanding shares upon completion. The share consideration is valued at approximately $83.7m (C$115.43m). Upon closing, Lundin Mining’s total holding in Talon will increase to 19.99% of Talon’s ...

Vancouver, British Columbia and Las Vegas, NV, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Nevada Titan Highlights See Location Map The project located approximately 26 miles southwest of Las Vegas, hosts geological features consistent with a possible porphyry-style system. See Fairchild’s Nevada Titan Deck for more detailsSurface sampling has outlined a 1.5-kilometre, discontinuous copper trend, with additional shorter copper trends identified elsewhere on the property, (See table) including the Azurite (4.34-15.7% ...