January 2025 - Page 2 of 3

TuesdayJan 21, 2025 8:45 am

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Collaboration Part of Saudi Vision 2030 Initiative

Agreement focused on studying the development of smelting and refining capabilities to advance Saudi Arabia’s position in the global metals and mining landscape. The Vision 2030 initiative to support industries worldwide by strengthening critical supply chains for metals and minerals. The memorandum of understanding with the Ministry of Investment of Saudi Arabia aligns with initiatives already underway between Ajlan & Bros. Mining and Platinum Group. Saudi Arabia is accelerating its efforts to diversify its economy, recently announcing more than $9 billion in new mining and metals agreements (https://ibn.fm/DsnYw). Outlined during the 28th World Investment Conference in Riyadh, these deals are…

FridayJan 17, 2025 10:00 am

Indonesia Plans to Slash Nickel Production in 2025

Indonesia is currently the biggest producer of nickel globally, with last year’s figures showing that it supplied more than 56% of the mined metal. Projections suggested that the country’s nickel production would grow by over 7% this year. The nation’s nickel boom began after a ban on raw ore exports was implemented in 2020, which prompted Chinese firms to invest in local processing facilities. While this growth bolstered the country’s economy, it also increased the metal’s surplus globally, which placed additional pressure on its prices. Recently, Indonesia announced that it planned to reduce nickel production by nearly 40%. This would…

ThursdayJan 16, 2025 10:00 am

Price Scenarios That Could Manifest in the Gold Market This Year

Last year, the price of gold reached new highs as central banks aggressively bought the precious metal and more investors turned to it to hedge against inflation. While recent rate cuts announced by the Federal Reserve have renewed interest in the metal, its drop in price has left many wondering how gold will perform this year. Below, we explore price scenarios that could occur this year. Price of gold declines Higher real interest rates combined with a stronger dollar could negatively influence its price, causing it to fall. If the price drops below key technical support levels resulting in low…

ThursdayJan 16, 2025 8:00 am

Gold’s Rising Momentum Sets the Stage for Torr Metals Inc.’s (TSX.V: TMET) Growth Potential

Geopolitical uncertainty, inflation, and central bank demand underscore a bullish outlook for gold for the foreseeable future, making investments in junior explorers more enticing than ever Torr Metals is poised to leverage the rising gold market with its 100% owned projects in prolific, easily accessible Canadian mining regions, including the Filion Gold Project in Ontario Recent geophysical surveys and a successful financing have accelerated exploration efforts at Filion, enabling Torr Metals to identify maiden drill-ready targets with high-grade gold potential that could unlock significant value for shareholders The gold market continues to shine as a beacon of strength, driven by…

WednesdayJan 15, 2025 8:00 am

Torr Metals Inc. (TSX.V: TMET) Strengthening Strongholds as the Gold Sector Anticipates Steady Growth in 2025

Goldman Sachs has forecasted that gold prices could reach $3,000 per ounce by the end of 2025 Amid the promising outlook for gold, Torr Metals is advancing its exploration and development projects to capitalize on anticipated market conditions The favorable forecast for gold in 2025 creates an ideal environment for companies such as Torr Metals to thrive As 2025 looms, the gold market is poised for notable growth, with prices expected to climb significantly. Analysts project that gold could achieve record-breaking highs, driven by a combination of economic uncertainties, central bank demand and the metal’s enduring role as a hedge…

TuesdayJan 14, 2025 10:00 am

As the Holiday Break Ends, Attention Goes to How Gold is Shaping Up for the Year

Gold didn’t experience a Christmas rally for the first time in years but still saw its price rise by 26% at the end of 2024. Even with the strengthening of the U.S. dollar and rising bond yields, the metal’s price continues to move closer to $2700. Analysts expect that the precious metal’s break from its conventional relationship with bond yields and the dollar will be a primary theme this year. Already, gold has recorded new highs against the euro and British pound. They note that investors are less worried about the higher opportunity costs for holding the metal and more…

TuesdayJan 14, 2025 9:30 am

UK Premier Announces Plan to Grow Domestic AI Capability Twentyfold by 2030

UK’s Prime Minister Keir Starmer has set his sights on making the UK a global superpower in the AI space. He wants the industry to grow and create rivals to OpenAI in a move calculated to significantly grow domestic computing power so that technologies vital to national security are innovated within the country. Of special interest to the government is the need to quickly expand AI data center capacity so that developers can have the needed infrastructure to rapidly deploy powerful foundational artificial intelligence models. It is noteworthy that a bold target of growing AI computing capacity by twentyfold has been…

FridayJan 10, 2025 10:00 am

Commodities Exhibit Mixed Market Signals as 2025 Gets Underway

The price of spot gold recently dropped below $2,650 following a short rally at the start of the year. This suggests that buyers are still struggling, with an increase in price higher than $2,665 potentially paving the way back to last year’s highs of $2,720. During the same period, WTI crude oil has observed a significant increase in its price, with bullish momentum remaining strong. Some expect crude oil’s price to surpass its $74 high from last week, with concerns over tighter Iranian and Russian oil supply due to sanctions imposed by the West growing. The ban placed on U.S.-sanctioned…

WednesdayJan 08, 2025 9:30 am

Israel Announces New Hub to Expedite Military AI and Autonomy Research

The government in Israel has set up a new office based at the Defense Ministry. This office will superintend over the development of technology focused on AI and autonomy. Dubbed the AI & Autonomy Administration, this team will operate under the auspices of the ministry’s defense research and development directorate. The directorate plays a crucial role in Israel’s military technology space. Officials revealed that the purpose of this new office is to revolutionize the war capabilities of every section of the military so that the IDF (Israel Defense Forces) maintains its operational superiority within the region. The office will bring together specialists from academia,…

TuesdayJan 07, 2025 10:00 am

The Only US Cobalt Mine Runs Out of Cash, Plans to Go Private

Jervois Global, a mining firm based in Australia that primarily produces cobalt, recently entered into a recapitalization agreement with alternative investment firm, Millstreet Capital Management. A significant drop in the price of cobalt has seen the firm enter bankruptcy proceedings in an effort to save itself and its workforce. Since hitting a new high in April 2022, the price of cobalt globally has dropped by over 70%. Jervois’ recapitalization proposal will see it go private, receive $145 million in new capital and get delisted from the Australian Securities Exchange. The funding is expected to support the business and growth initiatives,…

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Month: January 2025