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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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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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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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Fresh from a hole in one at Nedlands Golf Club last weekend, Mincor managing director David Southam has outlined why investors in the nickel company he leads have real cause for optimism with the Cassini deposit now being developed (reports MiningNews).

Fresh from a hole in one at Nedlands Golf Club last weekend, Mincor managing director David Southam has outlined why investors in the nickel company he leads have real cause for optimism with the Cassini deposit now being developed (reports MiningNews). According to Southam, history has shown Kambalda deposits like Cassini typically end up being between two and 15-times their original size. Cassini has 60,000t in contained nickel resources, and reserves of 1.2 million tonnes grading 3.3% nickel for 40,000t of contained nickel.

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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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Several major brokers were quick to lift their price targets for Centaurus Metals (ASX: CTM) after the fast-growing nickel developer unveiled an updated Mineral Resource estimate for its flagship Jaguar project in Brazil last week.

Several major brokers were quick to lift their price targets for Centaurus Metals (ASX: CTM) after the fast-growing nickel developer unveiled an updated Mineral Resource estimate for its flagship Jaguar project in Brazil last week. The updated Resource, following six months of in-fill drilling, resulted in a 50% increase in Indicated Resources to 223,000 tonnes of contained nickel, with the global estimate increasing to 58.6 million tonnes grading 0.95% Ni for 557,800 tonnes of contained nickel.

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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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Centaurus Metals has increased the size and confidence of its Jaguar nickel project in Brazil (reports MiningNews).

Centaurus Metals has increased the size and confidence of its Jaguar nickel project in Brazil (reports MiningNews). The indicated and inferred resource now stands at 58.6 million tonnes at 0.95% nickel for 557,800 tonnes of contained nickel. The June maiden resource was 517,500t at 1.08% nickel. The indicated resource now accounts for 40% of the total, or 19.9Mt at 1.12% nickel for 223,400t of nickel, which will underpin a scoping study due next month.

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