Gold is the favoured commodity of 2013 with more than 80% of gold executives expecting to see a rise in the price of gold, despite the poor performance of the precious metal in the last two days.
A Malaysian court dismissed an appeal against a temporary operating licence for Lynas Corp (ASX:LYC), an Australian rare earth miner, despite residents' opposition over alleged radioactive hazards.
Tokyo’s new governor, Naoki Inose, announced the city would subsidize companies joining a project to mine rare earth elements from the seabed off Minami-Torishima Island, to the southeast of Tokyo.
HD Mining, the Vancouver-based company that in early October sparked controversy and legal actions with its plan to bring up to 2,000 Chinese miners for its proposed $300 million coal mine, won’t replace all of its foreign workers by Canadians at least until 2026.
Sprott Asset Management's chief investment strategist, John Embry, said Tuesday that with China's silver demand rising sharply and money printing to infinity being Western central bank policy, silver's price remains ridiculously low on account of paper market games.