Mining Review Sunday Update 27th February 2022

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

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

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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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