Base metals outlooks diverge as supply concerns dominate

Record copper prices clash with weaker physical demand and squeezed smelter margins Discussions on copper during LME Week focused on the gap between record prices and physical demand, pressure on smelter margins and the time needed for new mine supply to reach the market. Downstream buyers had pulled back as prices rose, according to Tanja Winter, executive director and head …

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Why Gold Miners Fall Even After Record Profits

Newmont, the world’s largest gold miner, reported record third-quarter adjusted net income on Thursday. On Friday, its shares fell 4.6 percent, more than twice as much as the GDX. Over the whole week, the GDXJ, the ETF for junior mining stocks, fell 9.6 percent, while gold fell 4.1 percent. Gold itself slipped below $4,000 on Friday, and silver closed below …

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Australia revamps critical minerals strategy, targeting refining edge over China

Australia will refresh its critical minerals strategy to place greater emphasis on refining and processing, a senior Minister said on Tuesday, as competition for investment intensifies and supply-chain concerns persist. Resources Minister Madeleine King said the revised strategy would guide the next phase of the industry’s development, with a sharper focus on capturing “more economic and strategic value”. “It places …

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