View: Source An acute copper supply squeeze is coming to an abrupt end as President Donald Trump’s plan to soon slap a 50% tariff on the metal narrows the window to profit from surging US prices. Key spreads on the London Metal Exchange — which had soared in late June as a rush to ship the metal to the US drained stockpiles — …
Continue ReadingView: Source Beijing’s long-term strategy pays off as Washington scrambles to respond, a new report finds. China is expected to maintain a strategic edge over the United States in the rare earth industry, thanks to Beijing’s long-term investments in advanced mining and processing technologies. In contrast, the US is paying the price for decades of underinvestment, obsolete policies and the absence of a …
Continue ReadingView: Source Mining stocks slipped on Monday, with Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF), Glencore PLC (LSE:GLEN) and Fresnillo PLC (LSE:FRES) all underperforming, pulling the FTSE 350 Mining index down by 1%. Industrial metals extended losses on the London Metal Exchange, led by copper fell 0.6% and aluminium. The downturn followed a Truth Social post by US President Donald Trump announcing a 10% tariff on imports from …
Continue ReadingView: Source The European Union plans to stockpile critical minerals as a precaution against potential supply disruptions due to geopolitical tension, the Financial Times reported on Saturday, citing a draft document by the European Commission. “The EU faces an increasingly complex and deteriorating risk landscape marked by rising geopolitical tensions, including conflict, the mounting impacts of climate change, environmental degradation, and …
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