Iluka Resources CEO Warns of China’s ‘Weaponization’ of Rare Earths Market Tom O’Leary, CEO of Iluka Resources, issued a stark warning about China’s strategic manipulation of the rare earths market during the company’s annual shareholder meeting in Perth. O’Leary described China’s control over the industry, particularly heavy rare earths, as nearly absolute, achieved through dominant...
READ MOREAmericas Gold and Silver Corporation has released its first-quarter production results for 2024 and announced the appointment of Jim Currie as the new Chief Operating Officer. The company produced approximately 0.48 million ounces of silver, along with 8.0 million pounds of zinc and 4.0 million pounds of lead during this period. The Cosala Operations showcased...
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Silvercorp Metals Inc. has reported its production results for the fourth quarter of fiscal 2024, which ended on March 31, 2024, and has provided guidance for fiscal 2025. The company anticipates releasing its audited financial results for fiscal 2024 on May 23, 2024, after market close. Q4 Fiscal 2024 Highlights: The detailed operational data shows...
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Umicore has launched Nexyclus, a comprehensive service offering fully-recycled precious metals, including platinum-group metals (PGM), with three distinct types of certifications. This initiative is presented as the broadest global offering of recycled precious metals, aimed at addressing resource scarcity and the growing demand for responsibly sourced, low-carbon footprint materials. Nexyclus will provide 100% high-quality recycled...
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Ajay Kedia, the director at Kedia Advisory, in a recent interview, projected a sharp increase in silver prices, predicting a rise to 150,000 rupees per kilogram in the next eighteen months. This uptick is attributed to escalating demands from industries pivotal to the green energy shift. Silver, traditionally driven by the photography sector, is now...
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Hindustan Zinc has reported a notable ascent in the silver industry, now ranking as the third largest silver producer on a global scale. The company’s Sindesar Khurd Mine in Rajasthan has been spotlighted in a recent survey as the second largest mine for silver production worldwide, marking an improvement from its previous rank. In the...
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Abitibi Metals has announced an expansion of its maiden drill program at the B26 Polymetallic Deposit to approximately 13,500 meters, following positive results and the addition of a third drilling rig. The expansion comes after the company secured an option to earn 80% interest over seven years from SOQUEM, a subsidiary of Investissement Quebec. Recent...
READ MOREIn Mumbai, the price of silver soared to an unprecedented peak on Monday, driven by persistent geopolitical tensions and the anticipation of interest rate reductions by the US Federal Reserve, sparking a surge in precious metals. Experts forecast an additional rise of 10-15% from the current figures for silver, highlighting the potential for further gains....
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Oracle Power has secured an exclusive option to acquire the entirety of the Blue Rock Valley Copper and Silver Project, situated in the Ashburton Basin, northwest Western Australia. The project, 165km southeast of Onslow, is accessible via a well-maintained unsealed road from the North West Coastal Highway. This area is noted for its potential in...
READ MOREFortuna Silver Mines Inc. reported robust gold and silver production numbers for the first quarter of 2024 from its operations in West Africa and Latin America. The company produced a total of 89,678 ounces of gold and 1.1 million ounces of silver during this period, equivalent to 112,543 gold equivalent ounces when including lead and...
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