Shares of Zimplats Holdings have shot up by 22.55% this week as Implats (owners of Zimplats) increased production by 9.6% since early November. Their productivity levels are expected to rise further in the New Year.
Shares in lithium mining company, Pilbara Minerals Ltd [ASX:PLS] rose a further 4% to $1.20 today, after a gain of 11% yesterday. Pilbara Minerals’ stock is up a huge 130% for the year, following strong growth from September.
Whether you are making money in booming property or booming crypto, there’s no great lure to get back into speculative miners. But maybe that’s a signal to start looking here? While everyone’s looking at the current hot sectors, the best opportunities usually lie the other way.
Given the headwinds facing gold, it’s held up surprisingly well. The bitcoin phenomenon, bullish equity markets, a strong economy and rising interest rates are all traditionally negative for gold. Gold has had a pretty good year, considering. It’s trending higher and I think there is a good chance of it taking another leg up sooner rather than later.
To get a better idea of how the Chinese economy is travelling, keep an eye on commodity prices like iron ore and oil. China is the major buyer of these crucial commodities. While their prices remain supported, you know the Chinese economy is doing OK.
BHP Billiton is planning to cut costs big-time over the next two years. The mining giant aims to save $2.2 billion, which would mean a 10% cut to unit costs across the board.
Great Boulder Resources Ltd [ASX:GBR] hit the jackpot today. Shareholders will be mighty pleased.
Are we on the cusp of yet another rise in geo-political risk in the Middle East? It looks that way, and the implications for global markets could be massive. Where will you see it most from an investment perspective? Where you always do; in oil.
But of course, if you believe the mining sector will continue to boom in the next few years, MACA might not be that expensive at all. This first half might be just a momentary slip in what could be far more profits to come.
The energy industry is one of the first to commercially adapt blockchain technology on a global scale. First it was the banks chasing this tech. Now the oil and gas sector wants in.