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Bloomberg reports a significant weekly gain in iron ore prices, the largest in 6 months, which is driven by optimism regarding China’s economic recovery. Li Qiang’s remarks have eased concerns about the economy, contributing to the price surge.

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Iron Ore Holds Best Weekly Gain Since September on China Outlook

Iron ore held its largest weekly advance in six months on quietly increasing optimism over the chances of an economic recovery in top consumer China.

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Rule predicts that gold could potentially reach unprecedented highs of $8000, as gold increases so will silver. Alien Metals is one of very few listed companies who have a silver mine and deposit highest grade silver project in Australia.

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Watch here as Rick Rule, legendary commodities investor, provides insights and analysis on gold, silver, and copper, covering topics such as price predictions, market trends, investment strategies, and industry news.

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Why Alien Metals?

Direct Shipping Ore

Keeps operating costs down and the mine profitable even at lower iron ore prices

#1 Mining Jurisdiction

Western Australia is the safest and most politically stable jurisdiction globally

Local Infrastructure

The Pilbara produces ~30% of global iron ore and thus has excellent local infrastructure and expertise

Exploration

The potential for a major discovery to be made within the company’s various project areas is very high. Hancock, the soon to be in production direct shipping iron project in the Pilbara is the most advanced example of this with less than 75% of the overall area having been tested but already hosting more than 10mt of exploitable material

Experienced Team

Under new leadership in both the UK and Australia (IOCA) the rate of progress continues to accelerate