Top 50 mining companies take $264 billion hit as gold trade unwinds, lithium stocks exit - mining.com
Top 50 mining companies take $264 billion hit as gold trade unwinds, lithium stocks exit - mining.com
Source: mining.com
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DW NOTE
The gold miners' wipeout isn't mysterious — it's arithmetic. Gold has fallen 21.7% from its January high of $5,318 to $4,162, while silver has cratered 47.5% from peak. When your input costs are fixed in dollars and your output price collapses by a fifth, equity valuations don't politely adjust — they capitulate. The lithium exodus is the same story: manufacturers who bet on perpetual EV subsidy now face actual market pricing.