Mining Review Sunday Update 27th February 2022
War in the Ukraine is dominating the markets, and one beneficiary has been gold, as it always in in times of crisis and uncertainty. The others are oil and natural gas.
With the FED now possibly looking for a .25% rate rise, gold should receive an extra boost. […[
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Ascot Resources Premier mine, Golden Triangle, British Columbia, Canada.
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Mining Review Sunday Update 27th February 2022
War in the Ukraine is dominating the markets, and one beneficiary has been gold, as it always in in times of crisis and uncertainty. The others are oil and natural gas.
With the FED now possibly looking for a .25% rate rise, rather than the mooted .5%, gold should receive an extra boost.
Russian produces a range of metals, including aluminium, nickel, palladium, and platinum.
Russia and Ukraine also produce around 90% of the world’s NEON GAS, used in semiconductors. Any disruption to supply here could cause car factories to close, as they need the semiconductors for their engine management systems.
Russia’s exports broken down by sector can be viewed here.
Let’s hope sanity prevails and the fighting stops.
This is a brief update as the full Monthly Review will be published on Monday.
Stocks on out watchlist in the news
Silver Tiger Announced the El Tigre Mine Rehabilitation
Ascot Resources Announces C$56 M Bought Deal
Rumble Resources Delivered High Grade Continuity
Calidus Confirmed the Formation of Pirra Lithium
Ascot Resources Drilled High-Grade Gold at Big Missouri
Uranium Energy Corp. 2022 Letter to Shareholders
Market data (US$)
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Precious metals
| Gold | 1889 | 2% |
| Silver | 24.25 | 1% |
| Palladium | 2367 | 1% |
| Platinum | 1059 | 4% |
| Rhodium | 19750 | -1% |
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Base metals
| Copper | 4.53 | -2% |
| Nickel | 11.84 | 0% |
| Zinc | 1.66 | -4% |
| Tin | 20.77 | -2% |
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Energy metals
| Cobalt | 33 | 0% |
| Manganese | 3.47 | -1% |
| Lithium | 71085 | 10% |
| Uranium | 45.05 | 1% |
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Bulk commodities
| Iron Ore | 139.1 | -14% |
| Coking Coal | 419 | -3% |
| Magnesium | 7519 | -5% |
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Metal ETF’s
| GDX | 34.39 | 6% |
| GDXJ | 42.92 | 3% |
| Sil | 35.26 | 2% |
| SILJ | 12.85 | 2% |
| GOEX | 29.86 | 3% |
| GLD | 176.55 | 2% |
| COPX | 41.89 | 0% |
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The Mining Review Sunday Update for the 27th February is complete
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