News

Coda Minerals (ASX:COD) has expanded its portfolio of Australian copper projects with its planned acquisition of a project for copper and gold in Queensland near Mount Isa (reports Stockhead).

Coda Minerals (ASX:COD) has expanded its portfolio of Australian copper projects with its planned acquisition of a project for copper and gold in Queensland near Mount Isa (reports Stockhead). The company has entered into a farm-in and joint venture agreement to pick up an 80 per cent stake in the Cameron River project which has peak grades of 22 per cent copper.

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Chinese economic stimulus measures and growing investment in copper-intensive electrification and green energy initiatives are expected to carry the copper price to a fresh high this year (reports Stockhead).

Chinese economic stimulus measures and growing investment in copper-intensive electrification and green energy initiatives are expected to carry the copper price to a fresh high this year (reports Stockhead). The red metal hit a 10-year high of $US9,550 per tonne ($12,350/tonne) in late February, and the London Metal Exchange’s three-month copper futures contract touched $US9,017 per tonne Friday. “Copper steadied as investors shrugged off recent concerns that China intends to trim spending on stimulus measures,” said analysts at ANZ bank in a research note.

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Chris Ellison’s Mineral Resources has emerged with a 19.5% stake in copper developer Venturex Resources after spending A$30.8 million on stock (reports MiningNews).

Chris Ellison’s Mineral Resources has emerged with a 19.5% stake in copper developer Venturex Resources after spending A$30.8 million on stock (reports MiningNews). Long-term Venturex cornerstone shareholder Northern Star Resources offloaded its entire stake on Monday. The 70.8 million shares, representing 17.5% of the company, was sold on-market at 40c per share, or $28.3 million.

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Nimble juniors lining up to test the new frontier in copper-gold exploration;

A bunch of junior explorers are as excited as junior explorers can be after the big time copper/gold potential of the Northern Territory’s Barkly region east of Tennant Creek was confirmed in a government-sponsored drilling program. The East Tennant region, as the boffins are calling it, is not quite an exploration hotspot just yet.

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Growing energy transition-related global demand for copper and its soaring price are set to transform the earnings outlook for Aussie miners, Macquarie group analysts said in a note to clients (reports The Australian).

Growing energy transition-related global demand for copper and its soaring price are set to transform the earnings outlook for Aussie miners, Macquarie group analysts said in a note to clients (reports The Australian). The group upgraded copper price forecasts to more than 20 per cent in the short-term and more than 30 per cent in the medium-term to incorporate energy transition related demand. Macquarie’s previous forecast of a 247,000-tonne surplus for the global copper market has now swung to a 226,000-tonne deficit.

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Early results at Vulcan project show promise, but we’ve been here before. Plus, junior Inca set to drill big copper target of its own in Peru and Battery Minerals prepares for first holes in Victoria’s gold-rich Stawell corridor.

Has Andrew Forrest’s iron ore money printing machine Fortescue cracked the code and made a big discovery at the Vulcan iron oxide-copper-gold prospect in the backyard of the daddy of IOCG’s, BHP’s Olympic Dam in South Australia? Too early to know, but it’s fair to say there was lots of interest in interim results from two deep holes on the Vulcan North anomaly reported by Fortescue’s (FMG) junior partner in the Vulcan joint venture, Tasman Resources (TAS).

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Instability caused by last week’s rise in U.S. bond rates remained the dominant theme on financial markets this week with iron ore and copper the pick of the commodities sector while gold struggled to recover lost ground.

Instability caused by last week’s rise in U.S. bond rates remained the dominant theme on financial markets this week with iron ore and copper the pick of the commodities sector while gold struggled to recover lost ground. More of the same can be expected in future weeks until a clear picture emerges of the post-pandemic world and investors learn to live with the aftershocks of the wild ride on markets over the last 12-months.

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Larry Jeddeloh is bearish on US bonds and bullish on shares with the current correction “the last major dip to buy” as quantitative easing drives a renewed surge like that of the late 1990’s (reports The Australian).

Larry Jeddeloh is bearish on US bonds and bullish on shares with the current correction “the last major dip to buy” as quantitative easing drives a renewed surge like that of the late 1990’s (reports The Australian).

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