There was a similar boom-bust cycle in 2016-2017 but the difference this time is that no-one seems to be expecting a speedy recovery.

Humanity would have to mine more copper in the next 20 years than in human history to meet surging global demand on the back of the energy transition.

Silver is up 33% year to date (July 8), gold is up 15.8%, and copper has gained 19.1%.

Iron ore prices are expected to remain under pressure from dwindling demand in the short term.

Gold miners’ stocks are surging again, breaking out from recent months’ consolidation.

As grades get lower, companies will have to increase their capital intensity to pull that production forward, said the VP of Stifel Financial.

Lithium price has tumbled by more than 80% since the beginning of 2023.