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- ⛏️ Tariff Tensions Rise
👷♀️ Greetings Contrarian!
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and play hockey. 🏒🥅
📝 Here are the highlights
🤔 Tariff Tensions Rise
👏 Tungsten Supply Boost
🐦 Spain Sparks Uranium
📌 Daily Commodity Prices
Source: TradingEconomics and Numerco.
🤔 Tariff Tensions Rise
Gold prices dropped by as much as 0.8% today, heading for a nearly 2% weekly loss, as traders awaited key US inflation data that could shed light on the broader impact of President Trump’s tariff policies.
The selloff was partly technical, with gold failing to break through resistance at $3,328, and partly driven by renewed trade tensions, including a federal court’s temporary pause on a ruling that threatened Trump’s tariffs.
Market jitters were also fuelled by stalled US-China trade talks and fresh visa and tech restrictions against China, reinforcing gold’s long-term haven appeal despite short-term volatility.
👏 Tungsten Supply Boost
Tungsten West (UK) has announced a comprehensive restart plan for the fully permitted Hemerdon tungsten and tin mine in Devon, aiming to supply over 20% of global non-China tungsten once in steady-state production.
The project will produce 332,000 mtu of tungsten trioxide and 462 t/y of tin, with first operations expected about 12 months after securing the required $93 million in funding. At full capacity, the mine is projected to generate $456 million in post-tax cash flow over an initial 11-year life, with potential extensions under the “Hemerdon Futures” initiative.
Recent Chinese export restrictions on tungsten underscore the project's strategic value to Western supply chains.
📰 In Other News
🐦 Spain Sparks Uranium
Breaking!💥 In a first step to reverse #Spain’s #Nuclear phase-out, the nation's 3 largest utilities are working to extend the lifespan of Spain’s largest Nuclear power plant, whose reactors are slated to be shut down in 2027 & 2028↪️⚛️⚡🇪🇸🤠🐂 #Uranium 🏄
— John Quakes (@quakes99)
6:27 PM • May 29, 2025
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The Editor
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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