{"id":2369,"date":"2024-03-25T12:08:33","date_gmt":"2024-03-25T12:08:33","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/03\/25\/joe-mazumdar-gold-nickel-lithium-dynamics-plus-current-strategy-and-ai-in-mining\/"},"modified":"2024-03-25T12:08:33","modified_gmt":"2024-03-25T12:08:33","slug":"joe-mazumdar-gold-nickel-lithium-dynamics-plus-current-strategy-and-ai-in-mining","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/03\/25\/joe-mazumdar-gold-nickel-lithium-dynamics-plus-current-strategy-and-ai-in-mining\/","title":{"rendered":"Joe Mazumdar: Gold, Nickel, Lithium Dynamics, Plus Current Strategy and AI in Mining"},"content":{"rendered":"<p><strong>Joe Mazumdar, editor of Exploration Insights,  gave his latest thoughts on trends in the junior resource sector, as well as his outlook for specific commodities, including gold, nickel and lithium. <\/strong><\/p>\n<p>Looking first at gold, he said he thinks with the price at historic highs it\u2019s a good time to review the market. <\/p>\n<p>\u2018Find those quality plays and start accumulating, because the gold price is there,\u2019 he said, noting that strong central bank buying has provided support for the yellow metal in the face of high interest rates. <\/p>\n<p>In the nickel industry, major miners are under pressure as Indonesia floods the market with material. They are finding that although they produce \u2018greener\u2019 products, end users aren\u2019t yet ready to pay that premium. <\/p>\n<p>\u2018The problem that I\u2019m seeing with a lot of nickel outside is it\u2019s very difficult to build,\u2019 Mazumdar said. \u2018The projects that we have in Canada are huge, low grade \u2014 we\u2019re talking $2 billion, $3 billion for some of these. And who\u2019s going to fund it? You might get funding from the Canadian government \u2026 but that little bit of equity doesn\u2019t exist. And until the US or some of these other guys come and say, \u2018We\u2019ll help you build it,\u2019 I don\u2019t know how these projects get built.\u2019 <\/p>\n<p>Lithium is also in a tough position right now, and Mazumdar said a risk in that arena is technology \u2014 for example, direct lithium extraction, which could put pressure on spodumene, and newer non-lithium battery technologies. <\/p>\n<p>\u2018The big deal for me in this critical minerals thing is that technology\u2019s not constant,\u2019 he said. \u2018If people have a risk in terms of a mineral commodity \u2026 they\u2019ll look for a way to put it outside the product if they can\u2019t secure the supply chain.\u2019<\/p>\n<p><strong>Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Joe Mazumdar, editor of Exploration Insights, gave his latest thoughts on trends in the junior resource sector, as well as his outlook for specific commodities, including gold, nickel and lithium. Looking first at gold, he said he thinks with the price at historic highs it\u2019s a good time to review the market. \u2018Find those quality [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":2370,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/2369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=2369"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/2369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/2370"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=2369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=2369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=2369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}