Gold’s fresh rally to all-time highs above $3,800 continues to prove that this bull run has no equal in recent history and that the precious metal itself has become a force of nature, according to one market strategist. In an interview with Kitco News, Robert Gottlieb, an independent precious metals industry expert and former Managing Director of the precious metals desks at JPMorgan and HSBC, said that he isn’t attempting to guess how high gold might go, even as many banks and analysts have set a target at $4,000 an ounce. However, he added that he does see this rally…
Author: TJ Markle
Brussels (Belgium) (AFP) – The EU will propose cutting steel import quotas and significantly increasing tariffs on the metal from abroad, the bloc’s industry chief Stephane Sejourne told the sector on Wednesday, mirroring US moves. Brussels will unveil new measures next week to protect the steel sector that will replace a current “safeguard clause” expiring next year, Sejourne said during a meeting in Brussels, participants told AFP. Protecting the steel industry is a priority for Brussels, especially after US President Donald Trump slapped 50 percent tariffs on the metal this year. The European Commission will propose the changes to prevent…
American researchers perfect magnets from abundant materials that could replace Chinese rare-earth minerals. In April, China imposed export restrictions on seven rare earth elements, crippling American manufacturing across dozens of critical sectors. Ford temporarily shuttered production lines while European suppliers closed entire factories. In one calculated move, Beijing demonstrated its power to hobble the West. This economic warfare represents decades of strategic planning. While America slept, China cornered the market on materials essential to modern civilization. By controlling 90% of rare-earth processing capacity, it dictates prices and decides who receives supplies. The periodic table became their ultimate economic weapon. But weapons can be rendered obsolete through…
As China consolidates its near-monopoly status in critical minerals and rare earth elements – essential raw materials for the production of numerous high-value items in the technology and defence sectors – Washington’s proposed US$5 billion fund to secure its access to these supply chains may come too late to close the gap, analysts said. Bloomberg reported last week that the United States is planning to allocate billions in pursuit of a larger share of these minerals’ global supply, following a US$400 million investment from the Pentagon in July that made it majority shareholder of rare earth producer MP Materials. The…
A copper and cobalt miner in the Democratic Republic of Congo that’s become a symbol of the growing competition for mineral deals between the US and China said it will stop production in November if it can’t secure an inventor. Chemaf Resources Ltd. put itself up for sale more than two years ago after financial troubles left the company unable to complete development projects. The firm – backed by Trafigura Group – abandoned a transaction with a unit of Chinese state-owned arms manufacturer Norinco Group in March after Congo withheld the necessary approvals. “We have intensified our efforts to identify…
VANCOUVER, BC , Sept. 24, 2025 /CNW/ – Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) reports that all 23 workers who were underground at the time of the La Reliquia Mine shaft collapse have been safely brought to surface. This group included five Aris Mining employees conducting a routine monthly review of La Reliquia’s operations. Aris Mining’s Brigade of Prevention and Emergency Control responded immediately, leading the operation to a safe and injury-free conclusion. Neil Woodyer, CEO, commented “We are relieved and grateful that all workers are now safely at surface. I commend our rescue…
More than two years after the 2023 reform of the Mining Law, the lack of regulations keeps private participation in new exploration on hold. Although this instrument is expected to be published in September, specialists warn that it will not be enough to reverse the decline in investment, as the central problem lies in the legislation itself. The reform reserved exploration for the State, through the Mexican Geological Survey (SGM) or state-owned entities. However, it provides for non-renewable, five-year exploration agreements with private parties that have information on potential deposits in unassigned lots. If the presence of minerals is confirmed,…
Canada’s mining sector remains attractive, but faces hurdles. The Fraser Institute’s latest survey ranks several provinces among the top 10 globally, yet concerns over taxation, permitting delays and political shifts persist. For resource investors, geological potential is only one piece of the puzzle. Whether it’s gold, silver, copper, nickel, uranium or any other commodity, the long-term success of a mining project is heavily dependent on jurisdiction. Mining is a capital-intensive, multi-year undertaking, and an asset’s economics can be undermined by political instability, sudden regulatory changes or shifting government policies. Canada stands out as a global leader in this regard. Its…
BRASILIA, Sept 24 (Reuters) – Brazil’s Federal Police can trace whether gold came from an illegal mine in the Amazon rainforest, and investigators told Reuters they are expanding the program to other countries, hoping to catch more criminals who are trying to escape Brazil’s tightening enforcement by smuggling gold across borders. Gold prices have surged to record highs this month as political uncertainty around the world has pushed investors to seek safe havens. Rising prices are a powerful incentive for those illegally mining the precious metal in the Amazon rainforest. The Brazilian program catalogues “gold DNA,” the metal’s unique morphological…
In a labyrinth of tunnels running beneath 4,000-metre peaks, Tajik miners are scrabbling to secure antimony, one of the metals at the centre of a worldwide race for rare minerals. The silver grey element, once best known as an ingredient in cosmetics, is a key resource in strategic industries — powering the clean energy transition and toughening military equipment. In Saritag, in the steep valleys of western Tajikistan, the 1,500 employees of mining firm Talco Gold scour some 50 kilometres (30 miles) of underground galleries. Where once Tajiks sought gold, now they are branching out. “We are conducting drilling operations…