City Investors Circle Mining Review 6th March 2022
The war in Ukraine is causing price rises in most precious and base metals, as supply concerns dominate the markets.
Russia is a massive supplier of many critical metals, such as titanium alloy, nickel, platinum, palladium, and coal, and these metals are experiencing price rises as consumers scramble to secure supply.
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Karora Resources – Mining at Higginsville.
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City Investors Circle Mining Review 6th March 2022
The war in Ukraine is causing price rises in most precious and base metals, as supply concerns dominate the markets.
Russia is a massive supplier of many critical metals, such as titanium alloy, nickel, platinum, palladium, coking and thermal coal, and these metals are experiencing price rises as consumers scramble to secure supply.
Mining news this week
Sadly the sanctions imposed against Russia have caused massive losses for some innocent investors due to either being located in Russia or associated with Russia. The companies that spring to mind are Petropavlovsk, Eurasia Mining, and in particular, Polymetal.
I feel for those people that suddenly saw their hard earned money melting away due to being in the wrong company at the wrong time, nothing to do with their investment decision based on the analysis of the company.
Ironically the London Stock Market had been courting Russian companies to list before the Ukraine conflict erupted.
What we should focus on is that metal that is produced by Russia, and whether a shortage of that metal will effect the supply chain?
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Companies from our watchlist in the news this week..
Wiluna Mining Announces their first Concentrate to Russia
Eloro Resources Drilled 171.57 g Ag equivalent over 373m
O3 Mining Reported Marban Drill Intersects 5.1 g/t Au Over 5m
Karora Resources Reported High Grade Nickel intercepts at Beta Hunt
Cartier Resources and O3 Mining signed a LOI for Chalice
Neometals Began Trading on the London AIM Market
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Market data (US$)
Precious metals
| Gold | 1970 | 4% |
| Silver | 25.74 | 6% |
| Palladium | 3008 | 27% |
| Platinum | 1129 | 7% |
| Rhodium | 20400 | 3% |
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Base metals
| Copper | 4.75 | 5% |
| Nickel | 13.06 | 10% |
| Zinc | 1.81 | 9% |
| Tin | 21.16 | 2% |
| Cobalt | 34.13 | 3% |
Nickel and copper rose on loss of Russian supply fears.
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Energy metals
| Cobalt | 34.13 | 3% |
| Manganese | 3.43 | -1% |
| Lithium | 74075 | 4% |
| Uranium | 51.6 | 15% |
Uranium rose on supply concerns as some of the largest producers, such as Kazakstan, are in the Russian sphere or influence.
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Bulk commodities
| Iron Ore | 148.9 | 7% |
| Coking Coal | 420 | 0% |
| Magnesium | 7043.7 | -6% |
Colonial Coal rose above its 200 DMA as the price of coking coal maintains these high levels.
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Metal ETF’s
| GDX | 37.4 | 9% |
| GDXJ | 46.57 | 9% |
| Sil | 36.48 | 3% |
| SILJ | 14.03 | 9% |
| GOEX | 32.13 | 8% |
| GLD | 183.68 | 4% |
| COPX | 44.5 | 6% |
Mining Review for March 6th 2022 is complete.
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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.
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