Despite ongoing breakage during processing, Stornoway Diamond has seen a surge in prices for rough diamonds from its Quebec mine.
London-based Vedanta Resources is studying how to produce cobalt for use in batteries to take advantage of the electric car revolution.
Higher manganese prices have prompted China’s Ningxia Tianyuan Manganese Industry to reopen its Woodie Woodie manganese mine in Australia later this year.
Cornish Lithium has announced plans to explore for lithium in Cornwall, the only region known to have reserves of the mineral in the UK.
Zambian energy supplier Copperbelt Energy Corporation has restricted power distribution to Glencore’s copper mines due to an ongoing dispute over tariffs.
Shares of tungsten exploration company Thor Mining were on the rise after it announced a new drill program at its Pilot Mountain project in Nevada.
Last week’s other top-gaining TSX stocks were Red Eagle Mining, Sandstorm Gold, Excelsior Mining and Katanga Mining.
By Melissa Shaw
Last week’s other top-gaining TSXV stocks were Karmin Exploration, Camino Minerals, Northisle Copper and Gold and Falco Resources.
The gold price is moving in on the $1,300 mark on continued tension between the US and North Korea.
The gold price hit a two-month high and came close to $1,300 as geopolitical concerns boosted demand for safe-haven assets.
CEO Ivan Glasenberg expects electric car demand to boost the need for copper and the company’s other key metals, and is positioning Glencore accordingly.
Lithium processors are positioning themselves to meet growing demand for battery-grade lithium compounds in the wake of the electric car revolution.
The country’s economy is almost entirely dependent on its oil industry, and production has already slumped about 13 percent so far this year.
Hedge fund Senrigan Capital Management is questioning the $2.5-billion equity raising, saying it is unfair to minority shareholders.
Pala Investments has launched a $150-million fund to buy into metals critical to electric car battery technology.