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Copper up. Gold down. Those seemingly disconnected events are really part of the same trend that can be traced to accelerating global growth (more copper, please) which is helping lift official interest rates (less gold, thank you).

Copper up. Gold down. Those seemingly disconnected events are really part of the same trend that can be traced to accelerating global growth (more copper, please) which is helping lift official interest rates (less gold, thank you). Whether what happened on financial and commodity markets this week can continue for the rest of 2021 is the question for investors to consider because if it does, then portfolio adjustments are required, if it hasn’t already happened.

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When Chalice Mining unveiled a new greenfields mineral discovery on the doorstep of Perth in March, many in the WA exploration community were incredulous (reports The West Australian).

in March, many in the WA exploration community were incredulous (reports The West Australian). In a State saturated with junior explorers and mining giants alike, how could a shallow nickel-copper-palladium deposit on farmland near Toodyay have been missed? For Chalice’s young managing director Alex Dorsch, the discovery challenges the idea that WA is well explored. He speaks of the importance of exploring “beyond the headframe” and “drilling holes where holes haven’t been drilled before”.

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The beginning of a new commodities supercycle could see dividend records tumble as the major diversified miners make the most of soaring commodity prices (reports The Australian Financial Review).

The beginning of a new commodities supercycle could see dividend records tumble as the major diversified miners make the most of soaring commodity prices (reports The Australian Financial Review). BHP alone could deliver $US59 billion ($76 billion) of dividends between now and the end of 2023-24 based on the forecasts of broker UBS.

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A highly regarded South African-based independent investment analyst has provided an upbeat assessment of Orion Minerals’ (ASX: ORN) recently announced option to acquire a dominant ownership position in the highly prospective Okiep Copper Complex in South

A highly regarded South African-based independent investment analyst has provided an upbeat assessment of Orion Minerals’ (ASX: ORN) recently announced option to acquire a dominant ownership position in the highly prospective Okiep Copper Complex in South Africa’s Northern Cape Province. According to investment analyst and portfolio manager Simon Hudson-Peacock, the proposed deal provides “further significant upside” to his existing base case valuation range for Orion Minerals of 6.3-9.9c per share.

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It doesn’t get much better for investors in Australian resources as surging global demand drives prices to multi-year highs with the promise of more to come as confidence rises in vaccines taming the spread of Covid-19.

It doesn’t get much better for investors in Australian resources as surging global demand drives prices to multi-year highs with the promise of more to come as confidence rises in vaccines taming the spread of Covid-19. Dr Copper, the metal used in almost everything and a widely quoted prophet of future economic growth, is leading the way, rising to a nine-year high of $US3.77 a pound. Platinum, the forgotten precious metal, is trading at a six year high of $US1215 an ounce. Most other commodities, bar gold, are also trading at multi-year highs, especially battery metals.

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And as the uranium sector begins to glow amid bullish price forecasts, Boss moves to finance production restart at South Australian project

Copper has been a star performer since mid-2020 in response to COVID production hits in Latin America, global stimulus, and the global decarbonisation push gathering momentum. The red metal averaged all of $US2.50/lb in the first (calendar) six months of 2020 and is now sitting pretty at $US3.54/lb. Much of the gain can be attributed to COVID-related supply concerns and COVID-related stimulus. Decarbonisation is the longer-term and potentially more explosive thematic, with copper supply shortages more or less baked in come 2025.

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Sandfire Resources has effortlessly skirted around a Chinese trade ban on Australian copper by finding alternative markets (reports The West Australian).

Sandfire Resources has effortlessly skirted around a Chinese trade ban on Australian copper by finding alternative markets (reports The West Australian). Despite the WA copper miner selling 93 per cent of its product to China last financial year, Sandfire has seamlessly found new markets in Europe, South Korea, Japan and the Philippines in recent months. Beijing unofficially banned Australian copper in November, with the metal joining a growing list of commodities to incur sanctions from the Middle Kingdom amid a worsening trade war between the two nations.

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Orion Minerals has signed an option to acquire a majority stake in a copper project in South Africa that it hopes can be developed in tandem with its Prieska copper-zinc project in the country’s Northern Cape region (reports The West Australian).

Orion Minerals has signed an option to acquire a majority stake in a copper project in South Africa that it hopes can be developed in tandem with its Prieska copper-zinc project in the country’s Northern Cape region (reports The West Australian). The Denis Waddell-chaired explorer will be in partnership with the Industrial Development Corporation of South Africa in the Okiep copper complex if its exercises the option.

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