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In this week’s Miningweb Weekly, veteran analyst Peter Major joins Alec Hogg to unpack the latest in the global commodities rollercoaster. From gold and Bitcoin’s cooling rally to South Africa’s rare earth jackpot at Steenkampskraal, Major explains why investors should brace for a three-year plateau in precious metals - and why America’s growing interest in rare earths could rewrite South Africa’s mining future. A sharp, grounded look at where the smart money’s heading next. Timestamps 00:00 – Alec Hogg introduces Peter Major for Miningweb Weekly 00:35 – The big story: gold, silver, and Bitcoin take a hit 01:20 – Peter Major: “Yes, I think gold has peaked for now” 02:30 – Comparing today’s gold boom to the 1970s 03:50 – Why gold might be flat for the next 3–5 years 04:40 – Krugerrands and the Rand’s long-term depreciation 05:30 – Why safe, “boring” investments still work 06:15 – The Bernie Madoff lesson on steady returns 07:20 – Gold in Rand terms vs US dollars 08:00 – Keeping gold as a crisis hedge 09:00 – Peter’s personal gold story — selling bullion to fund mines 10:00 – “You’ve got to stay alert to what you’re investing in” 11:00 – South Africa’s rare earths: Steenkampskraal explained 12:10 – Anglo American’s 1970s data still holds up today 13:40 – “Old geological data never dies — it’s still accurate” 15:20 – Why Steenkampskraal could be the richest rare earth deposit 16:10 – The ESG challenge and radioactive regulations 17:40 – “100 years ago you’d just mine and sell — now it’s paperwork” 18:50 – Government red tape vs investor timelines 19:40 – IDC’s R200 million investment — but it’s just a start 20:30 – Why the US could invest under Trump’s new Africa policy 21:30 – “If we pitch it right, we could land American money” 22:20 – South Africa’s missed opportunities with the US 23:00 – How Ramaphosa’s exit could change everything 24:00 – “We need business-minded leadership — not ideology” 25:00 – Relaxing BEE rules to attract investors 26:00 – The broken cadastral system holding mining back 27:20 – How Africa implemented what SA still hasn’t 28:10 – Political decay and the aging ANC elite 29:00 – “Cracks are showing — that’s where the light gets in” 30:30 – Leadership legacies from Mandela to Ramaphosa 31:40 – Can South Africa still attract foreign investors? 32:50 – Mining inflation and rising costs explained 34:00 – “These cost numbers look too good to be true” 35:20 – The gold price effect on mining decisions 36:30 – How managers cut costs when revenue dips 37:40 – Why unions like Amcu are now more mature 38:50 – “Union leaders understand business better than politicians” 40:00 – Peter Major closes with lessons for South Africa’s future Video production by Asime nyide Support South Africa’s bastion of independent journalism, offering balanced insights on investments, business, and the political economy, by joining BizNews Premium. Register here - https://bit.ly/4ifcIWO Your early morning brew of the BizNews Insider keeps you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here - https://bit.ly/3is4b7l Join this channel to get access to perks: / @biznewstv