America 2020: Impact of the US Election on Metals and Mining
Mining investment news, insights and company profiles
No Result
View All Result
Subscribe
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
    • All Articles
    • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
    • All Articles
    • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
No Result
View All Result
Subscribe
The Assay - Mining investment news, insights and company profiles
No Result
View All Result
Home Articles

America 2020: Impact of the US Election on Metals and Mining

Amy Rotman, Editor, The AssaybyAmy Rotman, Editor, The Assay
27 October, 2020
America 2020: Impact of the US Election on Metals and Mining

With just a week to go before the US presidential election, there is growing speculation as to what a Biden or Trump win could mean for metals prices and the mining industry overall.

Gold prices have been performing well over the course of 2020 and for the duration of the COVID-19 pandemic, and analysts suggest that gold will continue to perform well regardless of who wins. Haywood Securities analysts noted on 23 October that “While there are many arguments over who will be the next US president, one thing most analysts appear to agree on is that the price of gold will be higher no matter who is in office.” Earlier this year, gold broke the $2,000 per ounce market, though has pulled back to around $1,900/oz more recently. The Haywood analysts have made a bull case for gold, suggesting that the fragile US economy and the ‘money printing’ stimulus measures have keep it at historically high levels.

Similarly, analysts at UBS have noted that investment demand for gold has kept prices high, and that they have noted cash flowing into bars, coins, and ETFs. “In [the first half of 2020], investment demand for gold, which consists of demand for bars and coins and inflows into gold exchange-traded funds (ETFs), accounted for nearly 56% of total demand. This ranks as the highest level over the last two decades and exceeds the previous record of nearly 46% in 2009.”

2020s historic rise in gold has supported exploration in the sector. Christopher Galbraith, analyst at S&P Global Market Intelligence noted that gold exploration budgets have remained relatively stable this year, while budgets for other metals dropped. “These strong indicators for near-term gold exploration, coupled with a still-strong gold price that is likely to set a new floor above estimated reserves prices, support the likelihood of continued strong gold exploration in 2021.”

Insider sources at the Biden campaign have noted that “A Biden administration would emphasize green energy, and in order to get more solar panels, you need more raw materials,” signaling Joe Bident’s support to boost domestic production of key metals for batteries, solar panels, and other products which are necessary for the global energy transition.

Both candidates are holding firm in their support to establish domestic supply chains for lithium, copper, rare earths, nickel, and other strategic materials, especially those that are historically imported from China. Sources from the Biden campaign confirm that he agrees with President Trump’s orders to encourage domestic mining, but that he opposes his anti-China rhetoric.

Part of Biden’s campaign platform has included a $2 trillion budget for electric vehicle infrastructure and other green projects which help to support decarbonization and climate change efforts. Biden’s policy advisers have met with coal industry executives and have noted a general understanding of the contribution of coal to communities within the US, however it is clear that  Trump win would be better for the longevity of the coal industry. Biden’s policies are much more in line with clean energy efforts and in fighting climate change, including measures to completely cut fossil fuels from the US power mix by 2035. A Biden victory will certainly accelerate the decline of US thermal coal.

Amy Rotman, Editor, The Assay

Amy Rotman, Editor, The Assay

Amy is the Editor of The Assay as well as APAC content director for 121 Group events. She has been involved in the mining investment space for more than five years, managing all editorial content across The Assay and APAC events, providing insight into mining investments and key market developments. Amy has run conferences and events across the APAC region since she relocated to Hong Kong in 2011 from Canada.

Related Posts

The Assay – ASX Edition 2023
Articles

The Assay – ASX Edition 2023 Now Live

byThe Assay
27 September, 2023
James Bay Minerals Commences Trading on the ASX
News

Woomera Mining Appoints New CEO

byKatie Gordon, Associate Editor - The Assay
27 September, 2023
Aston Bay Holdings Announces C$5M Brokered Financing
News

Centaurus Metals Approaches Final Hurdle of Environmental Approval Process

byKatie Gordon, Associate Editor - The Assay
27 September, 2023
F3 Uranium Announces Revised Private Placement for Gross Proceeds of C$17.5M
News

Golden Arrow Closes First Tranche of Private Placement

bySarah Vega - Content Writer, The Assay
27 September, 2023
Adavale Resources Expands Uranium Footprint, SA
News

Adavale Resources Expands Uranium Footprint, SA

byEleanor Laurence - Content Writer, The Assay
27 September, 2023
Cleantech Lithium’s Scoping Study Sets Up Mine for 2027 Production
News

Cleantech Lithium’s Scoping Study Sets Up Mine for 2027 Production

bySarah Vega - Content Writer, The Assay
27 September, 2023

Popular Articles

  • Mixed Forecasts for 2023 Copper Price Levels

    Mixed Forecasts for 2023 Copper Price Levels

    0 shares
    Share 0 Tweet 0
  • The Assay Guide to Palladium vs Platinum

    0 shares
    Share 0 Tweet 0
  • Silver: On its Way to Cyclical Highs Through Choppy Waters

    0 shares
    Share 0 Tweet 0
  • US Department of Energy Recognizes Copper as a Critical Mineral for Clean Energy Technologies

    0 shares
    Share 0 Tweet 0
  • OzAurum Resources Acquires Lithium Project, Brazil

    0 shares
    Share 0 Tweet 0
  • The Assay’s Guide to Manganese Mining and Production

    0 shares
    Share 0 Tweet 0
  • Copper Giant Aurubis Alleges Millions in Criminal Defrauding Damages

    0 shares
    Share 0 Tweet 0
  • Home
  • News
  • Articles
  • Investor Discussions
  • CEO Interviews
  • Company Profiles
  • Newsletter
  • Magazine
  • About Us
  • Our Team
  • Contact Us
Hyve logo

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Notice
Cookies
Hong Kong Residents Privacy Statement

© 2023 The Assay

No Result
View All Result
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
    • All Articles
    • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Notice
Cookies
Hong Kong Residents Privacy Statement

© 2023 The Assay