“We are a Kazakh story, and we feel the Kazakh investor is probably the best investor to understand their own jurisdiction. It’s all about the timing though — you’ve got to be able to take your value proposition to market at the appropriate time, and we felt we now offer the Kazakh investor a pretty investable story,” said Jupiter Energy Chairman Geoff Gander.
Jupiter Energy (ASX:JPR) Chairman Geoff Gander discusses his company’s listing on the Astana International Exchange (AIX), Kazakhstan’s largest stock exchange, in a bid to raise US$5 million and increase productivity to 1,000 barrels of oil per day at the Akkar East field.
Justin Huhn, editor and founder of Uranium Insider, talks uranium supply, demand and prices.
He emphasized that it's still "very early" in the cycle and that at this point no further catalysts are needed.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Adam Rozencwajg, managing partner at Goehring & Rozencwajg, shares his latest thoughts on the gold, silver and uranium markets, also discussing why he's bullish on platinum.
In his view, it has "all the hallmarks of something we like to get involved with."
More broadly, Rozencwajg sees commodities thriving amid a global monetary and trade regime shift.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Edward Sterck, director of research at the World Platinum Investment Council, reviews the organization's latest quarterly report, honing in on supply and demand dynamics.
He also touches on platinum's recent price move, highlighting its strong fundamentals.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
The gold price saw peaks and troughs this week.
After rising to almost US$3,350 per ounce on Monday (May 26), the yellow metal took a dive, dropping to just below US$3,260 on Wednesday (May 28). It was back on the rise the next day, hitting US$3,324, but ended up finishing the week lower, closing out at the US$3,289 level.
Trade tensions were in focus throughout the period.
Concerns lessened early in the week, when US President Donald Trump said he would delay raising tariffs on the EU, but uncertainty ratcheted back up on Wednesday, when an American trade court issued a ruling that blocked most of his tariffs put in place by his administration.
“It is not for unelected judges to decide how to properly address a national emergency” — Kush Desai, White House spokesperson
The decision prompted a flurry of activity and backlash from Trump and his supporters, with a federal appeals court ultimately reinstating the tariffs on May 29 (Thursday).
The turmoil was beneficial for gold, as was news that the US economy shrank by 0.2 percent annually in Q1. The GDP estimate is the second of three from the Bureau of Economic Analysis, and comes in lower than the first calculation of a 0.3 percent contraction.
Commodities giant Glencore (LSE:GLEN,OTC Pink:GLCNF) has quietly moved billions worth of global coal and ferroalloys assets into an Australian subsidiary.
The Australian Financial Review was the first to report the news, and it's already sparked speculation about renewed M&A talks between Glencore and Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO). The two major companies reportedly engaged in discussions last year, but did not move forward.
With this restructuring from Glencore and Rio Tinto's CEO due to step down later this year, market watchers see potential for a deal to be done.
Anglo American (LSE:AAL,OTCQX:AAUKF) made headlines this week as the firm finished demerging its platinum-group metals unit, Valterra Platinum (JSE:VAL).
Valterra, formerly Anglo American Platinum, began trading on the Johannesburg Stock Exchange on Wednesday, and will have a secondary listing in London as of June 2.
Anglo made the decision to spin off Valterra after heading off a US$49 billion takeover bid from BHP (ASX:BHP,NYSE:BHP,LSE:BHP) last year. The company embarked on a restructuring plan that will see it hone in on copper and iron ore; like platinum, its coking coal and nickel assets are set to be divested.
Interestingly, Valterra's debut comes alongside a platinum price boost. The metal recently broke out to its highest level in about two years, nearly reaching US$1,100 per ounce.
Edward Sterck of the World Platinum Investment Council believes it's too soon to tell whether the rise is sustainable, but he does see a "perfect storm" brewing for platinum.
Here's how he explained it:
I think platinum's fundamentals are just highly attractive at the moment.
You've got really constrained supply, you've got demand that is actually beginning to show some real signs of growth, driven principally by an inflection in jewelry demand and by ongoing growth in investment demand.
And so given those things are resulting in these really significant deficits — this is the third year of almost a million ounces of deficit out of an 8 million ounce market — those are just rapidly depleting those aboveground stocks ... this has all generally come together as a perfect storm. We are seeing that tightness in the market, and I feel quietly optimistic that we're going to see that long-awaited price response come through.
Watch the full interview for a more in-depth look at supply and demand dynamics for platinum.
Want more YouTube content? Check out our expert market commentary playlist, which features interviews with key figures in the resource space. If there's someone you'd like to see us interview, please send an email to cmcleod@investingnews.com.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Larisa Sprott of Sprott Money and Argo shares her thoughts on the gold and silver markets, saying she sees the "smart money" continuing to gravitate toward these metals.
In her view, price dips present a chance to get in at lower levels.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
