Raw materials for the world - gold and potash
Christmas is approaching, gold gifts are always nice. There are still many people who are less fortunate and starving.
(PresseBox) - The price of gold has recently fallen. However, the general situation in the world continues to be affected by uncertainties and crises. The decision to allow longer-range missiles against Russia entails the risk of an escalation of war. This would drive up the price of gold. Of course, nobody wants the war to escalate, but this cannot be ruled out entirely. Experts are still of the opinion that the factors that have fueled the gold price this year will continue to have an effect in the new year. In any case, 3,000 US dollars per ounce is a frequently cited price for the precious metal that could soon be reached. Some go further and believe that 3,000 US dollars per ounce will appear cheap in the not too distant future. Exposure to gold may still be an excellent idea now. Setbacks are buying opportunities and in the long term, gold has been on the winning side.
Gold companies that, like Chesapeake Gold - https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ -, have excellent projects in good mining areas should also be considered. The company has the Metates gold and silver project in Durango, Mexico. It is one of the largest undeveloped gold-silver properties in North and South America.
Food, not precious metals, is the priority for many hungry people. In 2023, this was around 733 million people worldwide. To reduce hunger and malnutrition, fertilizers are an essential building block for food security. Arable land is declining and must be put to the best possible use, and fertilizers such as potash are indispensable. According to estimates (Stratistics MRC), the global potash market amounted to just under USD 22 billion in 2023. It is expected to grow to almost 34 billion US dollars by 2030. That is an average growth rate of 6.5 percent per year.
This is where potash companies such as Millennial Potash - https://www.commodity-tv.com/ondemand/companies/profil/millennial-potash-corp/ - come into focus. In politically stable and mining-friendly Gabon, Africa likes the company s Banio potash project.
Current company information and press releases from Millennial Potash (- https://www.resource-capital.ch/en/companies/millennial-potash-corp/ -)
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Datum: 27.11.2024 - 08:57 Uhr
Sprache: Deutsch
News-ID 714484
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"Raw materials for the world - gold and potash"
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