Amundi, Europe’s largest asset manager, expects a recovery in the gold price to around $4,500 an ounce following a selloff that dragged the metal to a three-month low bloomberg.com/news/articles/…

#lithium Yesterday saw a continous upward movement...💥💥💥 The last 5 years has been a massive rollercoaster.....👌👌 With demand continuing to increase and supply as per experts knowledge dwindling, is it time for another RIP upwards towards the 150,000/200,000 prior to Chinese New Year in Feb? 💥💥💥 #china #newyear I'm confident going off historical data that we see an aggressive moves upwards from here until mid January....💪💪💥 In a bull market the moves are aggressive in both directions....🫣🫣🫣

Kaiser Reef Limited (ASX: $KAU) | Investor Presentation We’ve released our latest investor presentation ahead of IMARC 2026, covering Henty Gold Mine, Maldon exploration, our growth strategy and upcoming catalysts. View the presentation: wcsecure.weblink.com.au/pdf/… #ASX #KAU

Mysteel daily reporting on China #lithium market 20261026 👇 Please click the link below if you wish to know more information about China's lithium-ion #battery industry mysteel.net/h/new-energy/

134 new lithium mines are needed to meet 2050 demand. That's a new mine every two months for the next 24 years, representing a total of ~7 million tones LCE. Out of the total 134 new mines, 44 of those are required to cover demand growth between 2040 and 2050 alone #lithium

Mysteel daily reporting on China #lithium market 20261020 👇 Please click the link below if you wish to know more information about China's lithium-ion #battery industry mysteel.net/h/new-energy/

🚀 China #Lithium Inventory Alert! 20261012 The lithium carbonate market continued to trade on expectations of rising supply and weakening demand, with futures prices becoming increasingly volatile. Full story: 👉mysteel.net/news/5143908-chi…

Goldman sees a 444Kt lithium surplus in 2028. @usuallyYJLee sees a 204Kt deficit. Nearly 650Kt separate the forecasts. We challenge assumptions with the Lithium Whisperer: inventory math, electric trucks, mine delays and equity valuations. Enjoy 👇 (00:00:00) Goldman’s Lithium Surplus Faces Bullish Challenge (00:07:16) Research And Membership Details (00:12:18) Are Storage Batteries Really Inventory? (00:14:58) Why Goldman Underestimates Storage Demand (00:20:18) AI Power Race Drives Battery Demand (00:25:51) Electric Trucks Reshape Lithium Demand (00:33:24) Electric Trucks Undercut Diesel Costs (00:36:08) Lithium Mine Delays Tighten Supply (00:40:00) Sodium-Ion Faces Cost And Scale Barriers (00:44:39) Why Lithium Inventory Counts Mislead (00:48:53) Lithium Correction Leaves Equities Cheap (00:54:42) Strongest Signals Of Lithium Tightness (00:59:51) China's Battery Advantage Complicates US Strategy (01:04:47) @StandardLithium Update $SLI (01:11:29) @PowerMetallic Update $PNPN (01:20:09) @NOAlithium Update $NOAL

Sentiment on lithium has turned very negative, mostly on the back of unrelated bits of information. So let's talk numbers, not opinions. What do we actually know? Demand. The hard data: China's battery production through August 2026 is up the equivalent of ~400kt LCE vs last year. If we carry only part of that growth through to year-end, Chinese batteries alone add at least ~500kt LCE of demand vs 2025. Supply. Here the only hard data is exporters' trade statistics. Change vs 2025, in kt LCE (YTD Aug → full-year 2026F): 🇦🇺 Australia: +30 → +60 🇨🇱 Chile: +70 → +50 🇦🇷 Argentina: +30 → +65 🇧🇷 Brazil: -10 → -15 🌍 Africa: +50 → +65 🇨🇦 Canada: 0 → 0 🇨🇳 China: +40 → +70 (the softest number) Total: +210 → ~+295 Even after adding the production that projects and producers have announced, 2026 supply growth comes to roughly 300kt. It's not much more than that. It can't be much more than that. So for 2026: Demand: +500kt Supply: ~+300kt Balance: a deficit of ~200kt LCE The deficit is already here. 2027? The bears say demand will pull back. That's much harder to agree or disagree with. But the inventory drawdown happening right now will clearly push the market into deficit. Figures and views are iLiMarkets' assessment.

🚀 China #Lithium Inventory Alert! 20261008 October remains peak season, with high LFP schedules and rush exports front-loading demand. The monthly supply-demand deficit may widen to about 29,000 tonnes, keeping visible inventories drawing down. 🔗: mysteel.net/news/5143297-chi…

Remember how the EU's BEV outlook kept slipping year after year? That's over now. With data up to the end of 2022 the 80% threshold extrapolated to 2031-12 With data up to the end of 2024 things slipped to 2041-09 With data until May 2025 the 80% threshold went to 2043-06 But since then? No further slide. It's been sitting around 2042 for 16 months now, currently at 2042-02. That's not a speed-up yet, but the slowdown has stopped and I personally expect the threshold to move closer to the present soon.

Gold Miners $GDX just formed a Golden Cross for the first time since February 2025 ✅ The last one sent prices soaring more than 100% over the next 8 months 📈 📈

The #lithium carbonate spot price (USD) has fallen for a second consecutive day, hitting its lowest point since January 6, 2026. While prices remain up about 10% YTD and 125% since the June 2025 bottom—maintaining a strong YTD average of $23,123—we are seeing a sharp 4.15% midday drop in the most-traded CNY futures contract. What is driving this? Despite solid underlying demand data and falling physical inventories, we are likely seeing the paper market dictate physical reality. Speculative downward positioning in the futures market is driving negative sentiment, which permeates the spot market as buyers use paper volatility as leverage to negotiate lower prices. In an increasingly financialized commodity ecosystem, this speculative pressure remains the most reasonable explanation for the noise, potentially masking a much tighter physical supply chain.

Cassiar Gold $GLDC.V Newcoast I believe the Newcoast area is not getting enough attention, and I think the market fails to fully appreciate what it can contribute to Cassiar Gold’s resource base. I will share interviews later that discuss this in detail, but management remains focused on the possibility of bringing the resource closer to the 5-million-ounce mark—and the NewCoast zone is crucial to achieving that. Important: The current resource (effective June 8, 2025) is solely for the Taurus deposit (including nearby satellites such as Taurus East and Wings Canyon). The MRE was based on ~65,667 m / 598 holes from Taurus (including 2022–2024 drilling). Newcoast’s 2025 campaign began after the resource effective date (June 20, 2025), and Newcoast’s 2023–2024 holes were too few and widely spaced to estimate ounces. None of those Newcoast intercepts are within the current NI 43-101 MRE. Best reported Newcoast intercepts • 25NC-013: 167.5 m @ 0.42 g/t Au from 499.4 m • 25NC-010: 89.2 m @ 0.71 g/t Au from 217.3 m, including 43.5 m @ 1.12 g/t (with 0.4 m @ 5.59 g/t) • 25NC-014: 51.5 m @ 0.74 g/t, including 1.2 m @ 9.05 g/t and 0.4 m @ 18.30 g/t 24NC-008: 141.4 m @ 0.89 g/t Au, including 4.6 m @ 6.52 g/t (with 0.7 m @ 12.55 g/t and 0.5 m @ 9.84 g/t) 25NC-017: 15.7 m @ 3.80 g/t Au from 249.1 m, including 0.3 m @ 176.50 g/t Au (visible gold) • 25NC-019: 22.5 m @ 3.52 g/t Au from 420.9 m, including 1.6 m @ 42.41 g/t and 1.2 m @ 51.68 g/t • Also in 25NC-019: 22.1 m @ 1.52 g/t, including 0.5 m @ 36.00 g/t • 25NC-018: 5.1 m @ 1.36 g/t, including 0.3 m @ 17.20 g/t • 25NC-013: 73.4 m @ 0.45 g/t, including 0.4 m @ 34.10 g/t All wells drilled at the Newcoast prospect have intercepted continuous gold mineralization (This shows they know how to do drilling. Congratulations! ) Cassiar Gold is investigating the possibility that Taurus and NewCoast form a continuous body. There is a 2.5 km gap between NewCoast and Taurus. Taurus remains open to the south/southeast. Drilling at NewCoast has also extended toward the northwest—"toward Taurus." The rocks are the same (Slide Mountain basalts), as is the style of mineralization: quartz veins, a carbonate-sericite-pyrite halo, and low-to-medium-grade gold over wide intervals alongside high-grade veins. All this suggests that we may be dealing with a single body rather than two distinct deposits. However, even in the latter scenario, NewCoast’s potential to add ounces to the resource is evident. It is true that there is still a lot of work to be done at Newcoast—where, incidentally, they are currently working on the 10,000-meter campaign—but I believe the market is not valuing this potential. If you divide its market cap today by the number of ounces announced in its NI 43-101 MRE—assuming a 0.3 g/t cut-off grade—the market is valuing the asset at barely $22 per ounce. To me, this price already represents an undervaluation, considering the existing infrastructure (roads, power), the location in British Columbia, the strong relationship with First Nations (see last week's announcement), and the fact that 91% of the Taurus resource lies at a depth of less than 150 meters. When you add the potential of NewCoast and the Cassiar South project—where production could begin within 24 months for a $25 million CAPEX—the conclusion is clear: the stock is undervalued. (This is not investment advice. There are risks not mentioned here. Conduct your own analysis.)

Just wanted to make the point that lithium carbonate inventories in China have now been declining for the past 20 consecutive weeks - whichever series you look at...

Mysteel daily reporting on China #lithium market 20260923 👇 Please click the link below if you wish to know more information about China's lithium-ion #battery industry mysteel.net/h/new-energy/