City Investors Circle Mining Review 23rd January 2022
Gold had a good week as the markets wobbled quite substantially, especially the tech laden NASDAQ index, a long overdue shake out surely?
Copper, nickel, tin, cobalt, and lithium are all looking strong as the anticipated demand for these battery metals forces up prices. The UK has just announced a gigafactory will be built.
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Lefroy Exploration drill crew, Western Australia
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City Investors Circle Mining Review 23rd January 2022
Gold had a good week as the markets wobbled quite substantially, especially the tech laden NASDAQ index, a long overdue shake out surely?
All the energy metals, Copper, nickel, tin, cobalt, and lithium are all looking strong as the demand for these battery metals forces up prices.
Lithium is reaching new highs every week at the moment and one wonders how sustainable that, is? Still, if the demand is there, and there are currently no commercially proven substitutes to the Li-ion battery, lithium will remain in strong demand.
The UK has just announced a gigafactory will be built in Northumberland, assisting an area of high unemployment. This of course will increase the demand for lithium and other battery metals even further.
It’s also maybe a sign of a beleaguered government looking for brownie points as they seem to be losing the ‘red wall’? Or am I too cynical?
There has been a lot of newsflow from the mining companies since the start of the year, as news is released into the buying season after the end of year tax loss selling in Canada. Sadly many share prices are still falling, despite gold now around the US$1835 mark, after being much lower recently.
I do wonder how much further the junior miners can fall given the recent increases in both precious and industrial metal prices? The whole sector seems forgotten and unloved, surely that has to change soon?
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Stocks on our watchlist in the news
Eloro Resources Restarts Drilling at Iska Iska
Cartier Resources reports 27.4 gpt Au over 8m
Calidus Resources – New Lithium Exploration JV
Lithium Power to Demerge Its Australian Assets
Westhaven Gold Initial Mineral Resource Estimate
Tinka Resources Increases Copper Gold Discovery
PDAC 2022 has been moved to June 2022
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Market Data
(All in US$)
Precious metals
| Gold | 1835 | 1% |
| Silver | 24.27 | 6% |
| Palladium | 2040 | 8% |
| Platinum | 1028 | 6% |
| Rhodium | 15650 | -5% |
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Industrial metals
| Copper | 4.5 | 0% |
| Nickel | 10.84 | 8% |
| Zinc | 1.67 | 3% |
| Tin | 20.05 | 6% |
Nickel rose on concerns about Indonesian supply.
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Energy Metals
| Cobalt | 31.71 | 0% |
| Manganese | 3.38 | 5% |
| Lithium | 54014 | 10% |
| Uranium | 46 | 1% |
A huge jump for lithium, and another all time high, driven by Chinese demand.
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Bulk Commodities
| Iron Ore | 135.4 | 4% |
| Coking Coal | 432 | 5% |
| Magnesium | 7257 | -2% |
Coking coal rose strongly following more shortages as some Australian mines were effected by wet weather, and some flooding in British Columbia after a severe weather event.
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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
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This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
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Disclosure
At the time of writing the author holds shares in Calidus Resources, Colonial Coal, and Eloro Resources.
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