Newcrest board gives go ahead for A$1.91bn mine development

India tops the global ranking with demand nearly 50 times that of its mined supply.

The diversification strategy includes plans to expand into international mining to secure access to minerals including copper, cobalt and nickel, as well as lithium.

Hedge funds and other large speculators boosted their net-long position in gold.

Over two-thirds of today’s junior miners are essentially worthless, says resource speculator Rick Rule.