Hot News in this Week
Nov 21, 2025
Northern Graphite has temporarily halted operations at its Lac des Iles mine and mill due to an unexpected equipment issue, with plans to bring forward maintenance and development work ahead of a pit expansion next year. The decision follows a bearing failure at the mill, which has been ordered for replacement but is expected to take approximately four to six weeks. In addition to completing the repair, the company will advance other maintenance projects that were originally scheduled for January to support the transition to mining from the new pit.
Source: www.mining.com
UBS Group has raised its 2026 mid-year gold price target to $4,500 an ounce, up from $4,200 previously, as the Swiss bank sees further momentum in the metal's rally due to macroeconomic forces and central bank and investor demand. The improved outlook comes despite gold entering a phase of consolidation after reaching a record high last month, with UBS expecting another consolidation at around $4,300 an ounce in late 2026.
Source: www.mining.com
In a stunning turn of events, the US has amassed a substantial copper stockpile, second only to China's, without any federal intervention or taxpayer spending, due to market dynamics and a widening pricing gap between US and international copper markets, with commercial entities holding the strategic reserve. According to estimates, the US now has an unintentional copper buildup of between 731,000 and 831,000 metric tons, functioning as a buffer against potential disruptions, trade barriers, or geopolitical shocks, making it a critical mineral for the nation's economic and national security.
Source: www.miningfeeds.com
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