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Copper: possible rebound in prices for July
From mid-May 2021 until June 21, 2021 copper prices corrected the bullish movement started in March 2020 (+144% new highs since 2009 in 10740 S/ton area). From June 21, 2021 prices started to settle, favoring a first recovery towards 9500 $/ton (currently prices are...
Rare earth: Vital Metals becomes Canada’s first producer
Vital Metals Limited has begun production of rare earth at its Nechalacho project in Canada's Northwest Territories. The company is now the first rare earths producer in Canada and the second in North America, in addition to California's Mountain Pass mine. CEO Geoff...
Aluminium: potential target at 2600 $/ton area
As explained in the previous articles aluminum prices have successfully overcome the first resistance level (upper part of the symmetrical triangle) in the area 2460 $/ton. For the coming sessions the next target is identified at the previous highs of May 10, 2021 in...
U.S. Department of Justice supports Rio Tinto exchange projects in Arizona
The U.S. government reported Friday that it will support the 2,400-acre land swap that would allow Rio Tinto to move forward with its Resolution Copper project in Arizona, despite opposition from Native American groups and environmentalists. In 2014, then-President...