Mining Review 29th January 2023
Gold and copper had a good week, and tin had an exceptional week, as the markets became more positive about the Chinese economy.
Ascot Resources, Cartier Resources, Karora Resources, and Westhaven Gold all announced good drill results.
City Investors Circle Mining Review 29th January 2023
Gold and copper had a good week, tin had an exceptional week.
Gold is holding up well despite higher interest rates, but may possibly have topped out for now.
The renewed optimism in China, and protests in Peru, are driving the copper and iron ore prices. Warehouse stocks of some key metals are lower than they would normally be, suggesting a squeeze may occur at some point driving prices much higher.
In Peru, the word’s second largest copper producer, 30% of copper production is currently off line due to protests.
Companies we follow making news last week
Ascot Resources, Cartier Resources, Karora Resources, and Westhaven Gold announced good drill results.
Please click on the links below to read last week’s news in full.
Weekly Price Changes
(US$ unless stated)
|Gold price in UK £||1557||0.13%|