Despite the collapse in broad commodity prices, numerous specialty metal prices have held or even gone up in the last few years: companies with the potential to produce these metals couldn't attract capital, and the tightness today is now likely to become shortages tomorrow, says Richard Karn, managing editor of The Emerging Trends Report.
. Gold has been trading erratically in Asia rising and falling and keeping within a range of just under $10 from $1,570/oz-$1579/oz. Gold spiked higher soon after the open in Asia but determined selling at the $1,580/oz. level has capped prices.
On Monday Molycorp announced that the estimated proven and probable reserves at its Mountain Pass rare-earth deposit in California have increased by 36%, based on the SEC’s Industry Guide 7 for making such estimates.
The Australian government has recently compiled a database of Australian resource sector projects in Africa and the companies involved. There are over 220 Australian companies with nearly 600 projects in Africa spread across 42 countries.
Early next month thousands of delegates will converge on Cape Town to participate in one of the world's most important mining capital formation and distribution processes - Investing in African Mining Indaba.