👷‍♀️ Greetings, Contrarian!

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and make some popcorn. 🍿🧂

📝 Here are the highlights

🧐 Bullion Under Pressure

😎 Race For Resources

🐦 Standard Nuclear IPO

📌 Daily Commodity Prices

🧐 Bullion Under Pressure

Gold prices fell sharply today, with spot gold dropping more than 2% to US$4,121.95/oz, its lowest level since 11 June, while US gold futures declined 2.5% to US$4,139.40/oz.

The precious metal is now on track for a third consecutive weekly loss as a stronger US dollar and expectations of higher US interest rates reduce the appeal of non-yielding assets such as gold.

Analysts noted that traders are increasingly focused on the Federal Reserve's hawkish outlook, with markets now assigning an 87% probability of a rate hike by December.

😎 Race For Resources

The G7 agreed to launch a new critical minerals alliance aimed at reducing dependence on China for key metals such as rare earths, lithium and nickel, which are essential for defence, technology and clean energy industries.

The plan includes coordinating strategic stockpiles, improving supply-chain monitoring through the International Energy Agency, encouraging investment in new mining and processing projects, and targeting a reduction in reliance on any single supplier to below 60% by 2030.

The initiative is viewed as a significant boost for Western critical minerals developers as governments seek to secure alternative sources of supply.

📰 In Other News

🐦 Standard Nuclear IPO

Happy Speculating!

The Editor

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