The Most Critical Metal in The 5G Revolution

LONDON, April 23, 2020 /PRNewswire/ — While the pandemic tanks oil and gas, decimating demand, and even precious metals aren’t feeling the safe-haven love they’re used to, critical minerals have become the holy grail, and one, in particular, could become the post-pandemic tech gold. Mentioned in today’s commentary includes: Teck Resources Limited (NYSE:TECK), Turquoise Hill Resources Ltd. (NYSE:TRQ), Pretium Resources Inc. (NYSE:PVG), Magna International Inc. (NYSE:MGA), Agnico Eagle Mines Limited (NYSE:AEM).

Oil prices are still free-falling, even after an OPEC+ deal ended the oil price war. Gold prices are up 7% so far in April, but it’s still nothing for the once-favored safe-haven asset, and UBS expects a reversal soon.