Good Reads
Rare Earth Miner Stocks Slammed After DoD Cancels Cobalt Purchase
The US Defense Department canceled a tender to buy cobalt, in a fresh sign of the challenges facing Western countries trying to bolster domestic supplies of the battery metal. The Defense Logistics Agency first sought offers in mid-August for up to 7,500 tons of cobalt over the next five years in a contract worth as much as $500 million. It was the US government’s first attempt to acquire the metal since 1990. Read on »
How metals became one of this year's hottest trades
Hot trades like AI steal the show in markets most days, but if you want to see really stunning gains, check out what's going on in metals this year. It's not just precious metals. Sure, gold has soared all year, and more recently, silver has touched its first record since 1980. But less flashy investments like mining stocks are on a tear. Read on »
Royal Mint warns of delivery delays as Londoners rush for silver
A global surge in demand for precious metals has boosted silver prices by more than 80% in London’s wholesale market this year, with a fresh wave of orders from banks and other institutional buyers culminating in a historic squeeze this week. Inventories in London’s vaults are critically low, and fresh stock is being flown in from as far as New York. Read on »
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