👷‍♀️ Greetings Contrarian!

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and have a beer, have a great Friday. 🍻

📝 Here are the highlights

🧐 Gold Dips

💪 Uranium Boost

🐦 China's Reactor Boom

📌 Daily Commodity Prices

🧐 Gold Dips

Gold prices dipped today as investors took profits after a recent record rally, with spot gold down 0.6% to $2,718.83 per ounce.

Although ongoing Middle East tensions limited the decline, profit-taking followed Wednesday’s all-time high of $2,758.37. The precious metal's rally, up 31.9% this year, is on track for the largest annual growth since 1979.

Meanwhile, after Thursday's surge on potential U.S.-led sanctions on Russian exports, palladium fell 0.8%, with silver and platinum also declining.

Asian demand for gold has weakened, as high prices reduced buying in China and India.

💪 Uranium Boost

France has injected 300 million euros into state-controlled uranium producer Orano to bolster the country’s uranium industry, increasing the state's stake to 90.3%.

The funding will support projects like expanding the Georges-Besse II enrichment plant and raising Orano's capacity by a third. Amid efforts to reduce reliance on Russia’s Rosatom, Orano, which enriches uranium from Canada and Kazakhstan, aims to strengthen its strategic role in global nuclear energy.

Could this expansion challenge Russia’s dominance in the uranium enrichment market?

📰 In Other News

🐦 China's Reactor Boom

Happy Speculating!

The Editor

Would you like to update how frequently you receive our emails? 📬