Many base metals, especially critical minerals and battery metals, are riding the energy transition wave, while gold could get a boost from economic upheaval and uncertainty and a general under-investment in new production.
“I don’t think there’s been a more interesting time than right now for mining, and mining metals, in my entire career,” said Ross Beaty, founder of both Equinox Gold (TSX, NYSE: EQX) and Pan American Silver (TSX: PAAS).
“There are synchronous bullish conditions for virtually all metals … including precious metals, including base metals, including ferrous metals, non-ferrous metals, rare earth elements. Just about every single metal on the periodic table is in a good place right now, where people want them, demand is increasing, and supply is not increasing, by and large.”
There has been a general under-investment in new supply for many metals, including gold, and increased demand, including from a…
