Stock Track | CHALICE MINING LTD Soars 5.02% on Macro Tailwinds and Production Prospects

Stock Track

01/08

CHALICE MINING LTD (CHN.AU) experienced a significant surge of 5.02% during the intraday session on Thursday. This upward movement reflects strong investor confidence in the company's future prospects.

The rally is attributed to macro tailwinds, including the European Union's potential softening of its 2035 ban on new internal combustion engine cars, which is expected to boost demand for hybrid vehicles and palladium. Additionally, Chalice Mining's recent pre-feasibility study for its Gonneville deposit in Western Australia outlines a viable 23-year, two-stage open pit development with production slated to begin in early 2030. Analysts highlight the strategic value of the asset and its growing corporate appeal, positioning it well for eventual production.

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This upward movement reflects strong investor confidence in the company's future prospects.</p><p>The rally is attributed to macro tailwinds, including the European Union's potential softening of its 2035 ban on new internal combustion engine cars, which is expected to boost demand for hybrid vehicles and palladium. Additionally, Chalice Mining's recent pre-feasibility study for its Gonneville deposit in Western Australia outlines a viable 23-year, two-stage open pit development with production slated to begin in early 2030. 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