I studied geology in the 1960s and worked for a small mining company before getting a start in journalism during the 1969 nickel boom. Since then I've covered repeated booms and busts in the commodities sector for a passing parade of newspapers, magazines and website. I am also a
Cautious investors will remain wary of uranium even as the nuclear fuel trades at a 15-year high of $80 a pound with the promise of more to come as market and geopolitical conditions look alarmingly like a repeat of 1973.
Unintended but not unexpected is one way of describing what’s happening to the price of steel-making coal as governments suppress supply in the face of steady demand growth, a perfect recipe for a higher price.
Mining has not been a comfortable business for oil and gas giant ExxonMobil in the past, but its plan to produce lithium should wipe away memories of its earlier failure.
The hoped-for shift from fossil fuels to battery metals is getting more difficult as explorers maintain a focus on the metal which is easiest to monetize because it is already a form of money, gold.