Nickel Deposits in Canada: A Quick Overview investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.
“We’ve said that we would begin to reduce our asset purchases when we feel that the economy has achieved substantial further progress measured from last December. We’re in active consideration of that now” Jerome Powell, US Federal Reserve Talk is beginning to surface about whether President Joe Biden will replace Powell at the end of his term as Fed chair in February. Powell has held the position since February 2018.
With the gold price improving, how is its sister metal silver doing? The white metal has had a bumpy ride in 2021, but so far in July it’s mostly kept above US$26 per ounce.
The US currently produces no graphite, and many are wondering if graphite mining in the US will happen. Here’s an overview of the situation.
The establishment of a US graphite-mining industry has enjoyed increased interest in recent years thanks to expected growth in demand for electric vehicles.
China is the top producer of graphite by far, but for various reasons it’s not particularly easy or desirable to invest in companies mining graphite there.
Many investors are instead looking to North America for graphite opportunities, especially since Tesla’s (NASDAQ:TSLA) announcement that it plans to source the lithium, graphite and cobalt it needs for its Nevada-based gigafactory from companies working on the continent. In 2015, Tesla backed up that statement by signing two lithium supply deals with companies whose projects are in North America.
The discovery of new trends like Cortez provides investors with an advanced opportunity to invest in what could be the next big thing in Nevada gold mining.
The Cortez trend is the lesser-known relative of the famous Carlin trend the Nevada site home to the most productive accumulation of gold deposits in North America. In the last quarter of a century, the Cortez trend has been a prolific and profitable site, but experts believe that the Cortez fault corridor could be older, larger and far more valuable than Carlin over the longer term.
And with Nevada continuing to be one of the best regions for gold mining, it’s no surprise why companies operating in this region present a desirable investment opportunity. In Q2 2020 alone, Barrick Gold’s (TSX:ABX,NYSE:GOLD) Carlin project was the largest global mining operation, producing 382 koz a 105 percent increase over Q2 2019.
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