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  • Rio Tinto Commits $1.9 Billion to Kangwinan Bauxite, Newmont Sets Red Chris Timeline, Gold Hits Three-Month Low, and Whitehaven Beats

    Rio Tinto Commits $1.9 Billion to Kangwinan Bauxite, Newmont Sets Red Chris Timeline, Gold Hits Three-Month Low, and Whitehaven Beats
    2026/10/23
    Rio Tinto Commits $1.9 Billion to Kangwinan Bauxite in Queensland: First, Queensland, where Rio Tinto has approved 1.9 billion U.S. dollars to develop the Kangwinan bauxite project on Western Cape York. The company says the total includes 150 million dollars of early works pre-approved in 2025, and that the project is expected to deliver an internal rate of return of about 22 percent, based on third-party market forecasts as at the fourth quarter of 2026. Newmont Beats on Higher Gold Prices and Sets Red Chris Timeline: Next, Newmont, which reported third-quarter results on Thursday. Attributable gold production was about 1.3 million ounces, and consolidated gold sales were 1.211 million ounces at an average realised price of 4,317 dollars an ounce. Copper production was 23,000 tonnes. Adjusted net income was 2.309 billion dollars, or 2.20 dollars a share, ahead of the 2.05 dollars analysts expected, according to Reuters citing LSEG data. Gold Hits a Three-Month Low as Energy Prices and Equities Bite: Meanwhile, markets. Capital Brief reports the mining sector was the weakest on the ASX 200 on Friday, falling 3.74 percent as gold fell as much as 0.9 percent to below 3,990 dollars an ounce, the lowest since mid-July. Gold had dropped nearly 3 percent on Thursday. Northern Star fell 3.3 percent, Evolution Mining 4.6 percent, Newmont 3.7 percent and Perseus Mining 7.4 percent. Whitehaven Coal Beats on Queensland Strength: Next, coal. Reuters reports Whitehaven Coal beat quarterly output estimates, with managed run-of-mine coal production of 11 million tonnes in the three months to September 30, against 9 million tonnes a year earlier and the Visible Alpha consensus of 9.5 million. Genesis Minerals Posts 72,107 Ounces Ahead of Vault Merger: Finally, Western Australia. Australian Mining reports Genesis Minerals produced 72,107 ounces of gold in the September quarter at an all-in sustaining cost of 2,966 dollars an ounce. It sold 71,594 ounces at an average realised price of 5,902 dollars an ounce, for revenue of 422.5 million dollars. The article does not state the currency, but Genesis reports in Australian dollars. Sources: - Rio Tinto news release — Rio Tinto Commits $1.9 Billion to Kangwinan Bauxite in Queensland: https://www.riotinto.com/en/news/releases/2026/rio-tinto-to-invest-1-9-billion-to-develop-the-kangwinan-bauxite-project-in-western-cape-york-queensland - Australian Mining — Rio Tinto Commits $1.9 Billion to Kangwinan Bauxite in Queensland: https://www.australianmining.com.au/strong-vote-of-confidence-rio-tinto-backs-queenslands-bauxite-future/ - Newmont Q3 2026 results (Business Wire via FinancialContent) — Newmont Beats on Higher Gold Prices and Sets Red Chris Timeline: https://markets.financialcontent.com/prnews/article/bizwire-2026-10-22-newmont-reports-third-quarter-2026-results-with-record-third-quarter-adjusted-net-income-positioned-to-achieve-full-year-guidance-provides-update-on-red-chris-block-cave-project - Reuters via Investing.com — Newmont Beats on Higher Gold Prices and Sets Red Chris Timeline: https://au.investing.com/news/economy-news/newmont-beats-quarterly-profit-estimates-on-higher-gold-prices-cadia-recovery-4709437 - Capital Brief — Gold Hits a Three-Month Low as Energy Prices and Equities Bite: https://www.capitalbrief.com/briefing/gold-miners-tumble-as-bullion-hits-three-month-low-197328e3-61ed-4bab-87b8-5340dae8cba6/ - Associated Press — Gold Hits a Three-Month Low as Energy Prices and Equities Bite: https://apnews.com/article/mideast-yemen-saudi-israel-october-22-2026-dde5b98a8bf961224514994b02babce9 - Reuters via Kansas City Star — Whitehaven Coal Beats on Queensland Strength: https://www.kansascity.com/news/business/article317740044.html - Australian Mining — Genesis Minerals Posts 72,107 Ounces Ahead of Vault Merger: https://www.australianmining.com.au/genesis-minerals-builds-financial-firepower-ahead-of-vault-deal/ - Genesis and Vault merger announcement (ASX, 14 July 2026) — Genesis Minerals Posts 72,107 Ounces Ahead of Vault Merger: https://announcements.asx.com.au/asxpdf/20260714/pdf/071p7pynkm2vzn.pdf - Teck Resources news release — Tomorrow's Flashpoint: https://www.teck.com/news/news-releases/2026/
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    12 分
  • China Signs Rio Tinto as Fortescue Warns, BHP Chair Eyes Canada's Tax Model, Highland Valley Copper Strike Notice, and Chile's Lithium Tenders

    China Signs Rio Tinto as Fortescue Warns, BHP Chair Eyes Canada's Tax Model, Highland Valley Copper Strike Notice, and Chile's Lithium Tenders
    2026/10/22
    China's State Buyer Signs Rio Tinto While Fortescue Warns of Impact: First, iron ore. Reuters, citing people with knowledge of the matter, reports China Mineral Resources Group, the state-owned buyer known as CMRG, has agreed a new annual supply deal with Rio Tinto. CMRG verbally notified some steel mills on Wednesday without giving details, and was due to start collecting on Thursday the volumes each mill needs to buy. It was not immediately clear how much Rio Tinto ore the contract covers. BHP Chair Points to Canada's Tax Deduction at Annual Meeting: Meanwhile, BHP held its annual general meeting on Thursday. Chair Ross McEwan used his address to press for investment reform. Reuters reports he pointed to Canada's new Productivity Mega Deduction, which lets businesses immediately deduct the full cost of eligible capital investment, including mine development costs. McEwan said, "Make no mistake, Australia must compete for capital if it wants to win, nationally, and in every state." He added, "Australia should pay close attention to that." Highland Valley Copper Workers Serve 72-Hour Strike Notice: Next, British Columbia, where workers at Teck's Highland Valley Copper mine have served strike notice. Teck said on Wednesday it received the notice from United Steelworkers Local 7619, which entitles the union to begin strike action as early as 8 a.m. Pacific on October 24. The collective agreement expired on September 30. Chile Plans Five New Lithium Tenders to Double Output: Finally, a policy push from the world's second-biggest lithium producer. Reuters reports Chile plans to issue tenders for five more lithium projects next year, as part of a drive to more than double output within a decade. Mining Minister Daniel Mas gave the interview during LME Week in London. Gold Drops Over 1% While Copper Holds Near US$14,400: Meanwhile, markets. WAM, via Qazinform, reports spot gold fell 1.1 percent to 4,094 dollars and 90 cents an ounce by 03:33 GMT on Thursday, its lowest since October 14. December U.S. gold futures fell 0.9 percent to 4,111 dollars and 40 cents. Spot silver fell 2.6 percent to 56 dollars and 44 cents, platinum fell 2.1 percent to 1,594 dollars and palladium fell 2.6 percent to 1,059 dollars. Sources: - Reuters via Mining Weekly (CMRG and Rio Tinto) — China's State Buyer Signs Rio Tinto While Fortescue Warns of Impact: https://www.miningweekly.com/article/chinas-state-iron-ore-buyer-agrees-new-annual-supply-contract-with-rio-tinto-sources-say-2026-10-21 - Reuters via News & Observer (Fortescue) — China's State Buyer Signs Rio Tinto While Fortescue Warns of Impact: https://www.newsobserver.com/news/business/article317723401.html - Proactive via Yahoo Finance — China's State Buyer Signs Rio Tinto While Fortescue Warns of Impact: https://uk.finance.yahoo.com/news/bhp-rio-tinto-fortescue-hit-004100169.html - Shanghai Metals Market — China's State Buyer Signs Rio Tinto While Fortescue Warns of Impact: https://news.metal.com/newscontent/104173846-smm-iron-ore-anglo-american-draws-down-stocks-to-hold-sales-iron-ore-futures-spot-weaker - Reuters via Mining Weekly (BHP AGM) — BHP Chair Points to Canada's Tax Deduction at Annual Meeting: https://www.miningweekly.com/article/bhp-chair-points-to-canada-tax-incentives-in-call-for-investment-reforms-2026-10-22 - BHP 2026 AGM Addresses (SENS) — BHP Chair Points to Canada's Tax Deduction at Annual Meeting: https://www.businessday.co.za/sens/564075/ - Teck Resources news release — Highland Valley Copper Workers Serve 72-Hour Strike Notice: https://www.thecanadianpressnews.ca/globenewswire_press_releases/teck-receives-highland-valley-copper-operations-strike-notice/article_18106218-00bc-566d-a871-922bd3d55dac.html - USW Local 7619 release (GlobeNewswire via The Spec) — Highland Valley Copper Workers Serve 72-Hour Strike Notice: https://www.thespec.com/globenewswire/steelworkers-at-highland-valley-copper-issue-72-hour-strike-notice/article_32d72ce7-d220-5b5a-a625-c0d0e3321a52.html - Briefs.co — Highland Valley Copper Workers Serve 72-Hour Strike Notice: https://www.briefs.co/news/workers-at-canada-s-biggest-copper-mine-signal-possible-stri/ - Reuters via Mining Weekly (Chile lithium) — Chile Plans Five New Lithium Tenders to Double Output: https://www.miningweekly.com/article/chile-plans-five-new-lithium-tenders-in-push-to-double-output-2026-10-21 - WAM via Qazinform — Gold Drops Over 1% While Copper Holds Near US$14,400: https://qazinform.com/news/gold-prices-drop-over-1-on-thursday-f13dc8 - International Copper Association Australia, Copper Weekly Brief — Gold Drops Over 1% While Copper Holds Near US$14,400: https://copper.com.au/news/mining/copper-weekly-brief-22-october-2026/amp/ - Teck Resources news release — Tomorrow's Flashpoint: https://www.thecanadianpressnews.ca/globenewswire_press_releases/teck-receives-highland-valley-copper-operations-strike-notice/article_18106218-00bc-566d-a871-922bd3d55dac.html
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    12 分
  • Hudbay and Mitsubishi Approve Copper World, Northern Star Flags Asset Sales, Gold Slips Again, and China Iron Ore Output Falls

    Hudbay and Mitsubishi Approve Copper World, Northern Star Flags Asset Sales, Gold Slips Again, and China Iron Ore Output Falls
    2026/10/21
    Hudbay and Mitsubishi Approve Construction of Copper World in Arizona: First, Arizona, where Hudbay Minerals and Mitsubishi have approved a final investment decision for the Copper World copper project, about 50 kilometres southeast of Tucson. Hudbay owns 70 percent and Mitsubishi 30 percent. First production is targeted for the second half of 2029. Northern Star Keeps Guidance, Flags Possible Asset Sales: Next, Australia, where Northern Star reported its September quarter on Wednesday, the first under new chief executive Suresh Vadnagra, who took over on October 5. Reuters reports gold sales revenue rose 7.2 percent to 1.82 billion Australian dollars, below the Visible Alpha consensus of 1.93 billion. Gold sold was 364,000 ounces, down from 381,100 a year earlier, as planned shutdowns hit all three production centres. The average realised price was 4,999 Australian dollars an ounce. Gold Slips for a Fourth Session as Oil Climbs and Copper Eases: Meanwhile, markets. Reuters reports spot gold fell 0.2 percent to 4,118 dollars an ounce at 0319 GMT on Wednesday, a fourth straight losing session, with spot silver down 0.9 percent at 57 dollars and 44 cents. Brent crude rose 1.5 percent to 110 dollars and 38 cents a barrel, after touching a five-month high in the previous session. Kpler counted at least 18 vessel attacks over the past two weeks. China Iron Ore Output Falls 10% as Port Stocks Stay High: Next, China's iron ore. SteelOrbis, citing the National Bureau of Statistics, reports China's iron ore production was 665.45 million tonnes in the first nine months, down 10.3 percent from a year earlier. September output was 63.11 million tonnes, down 23.9 percent year on year and 5.7 percent from August. Hochschild Holds Full-Year Guidance as Mara Rosa Recovers: Finally, Hochschild Mining, which reported third-quarter production on Wednesday. Attributable output was 54,732 ounces of gold and 1.5 million ounces of silver, or 74,004 gold equivalent ounces. For the nine months, attributable production was 225,835 gold equivalent ounces. Sources: - Hudbay Minerals news release (GlobeNewswire via Stockwatch) — Hudbay and Mitsubishi Approve Construction of Copper World in Arizona: https://www.stockwatch.com/News/Item/U-z9850104-U!HBM-20261020/U/HBM - Reuters via Mining Weekly — Northern Star Keeps Guidance, Flags Possible Asset Sales: https://www.miningweekly.com/article/incoming-northern-star-ceo-flags-possibility-of-asset-sales-2026-10-21 - Investing.com (Northern Star call transcript) — Northern Star Keeps Guidance, Flags Possible Asset Sales: https://uk.investing.com/news/stock-market-news/earnings-call-transcript-northern-star-holds-fy27-guidance-as-kcgm-ramps-up-93CH-4921226 - Reuters via Asharq Al-Awsat (gold and oil) — Gold Slips for a Fourth Session as Oil Climbs and Copper Eases: https://english.aawsat.com/business/5331828-gold-dips-fourth-session-oil-rally-fans-inflation-concerns - Trading Economics (copper) — Gold Slips for a Fourth Session as Oil Climbs and Copper Eases: https://tradingeconomics.com/commodity/copper/news/494583 - SteelOrbis (National Bureau of Statistics data) — China Iron Ore Output Falls 10% as Port Stocks Stay High: https://www.steelorbis.com/steel-news/latest-news/chinas-iron-ore-output-down-103-percent-in-january-september-2026-1485080.htm - Shanghai Metals Market — China Iron Ore Output Falls 10% as Port Stocks Stay High: https://news.metal.com/newscontent/104171418-smm-iron-ore-hot-metal-output-edges-up-but-port-stocks-cap-iron-ore-range-bound-trade-seen - Trading Economics (iron ore) — China Iron Ore Output Falls 10% as Port Stocks Stay High: https://tradingeconomics.com/commodity/iron-ore - Hochschild Mining Q3 and 9 month Production Report (RNS via TradingView) — Hochschild Holds Full-Year Guidance as Mara Rosa Recovers: https://in.tradingview.com/news/reuters.com,2026-10-21:newsml_RSU7706Za:0-reg-hochschild-miningplc-q3-and-9-month-production-report/ - Reuters via Mining Weekly (Northern Star and Gold Fields) — Tomorrow's Flashpoint: https://www.miningweekly.com/article/incoming-northern-star-ceo-flags-possibility-of-asset-sales-2026-10-21
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    13 分
  • Anglo American Holds Guidance on Teck Timetable, BHP Copper Falls 19%, Goldman Lifts Forecasts, and Ghana Targets Raw Export Ban

    Anglo American Holds Guidance on Teck Timetable, BHP Copper Falls 19%, Goldman Lifts Forecasts, and Ghana Targets Raw Export Ban
    2026/10/20
    Anglo American Copper Output Falls 5% but 2026 Guidance Holds: First, Anglo American, which reported third-quarter production at 06:00 GMT on Tuesday. Copper output fell 5 percent to 174,900 tonnes, from 183,500 tonnes a year earlier, according to Reuters. Anglo blamed record snowfall in Chile and lower-grade stockpile ore at Collahuasi. For the first nine months, copper was down 1 percent at 519,000 tonnes. BHP Copper Output Drops 19% as Chile Disruptions Mount: Meanwhile, BHP. In its operational review for the September quarter, published October 20, BHP reported first-quarter copper production down 19 percent to 400,700 tonnes, according to Reuters. Mining.com says that missed analyst expectations. BHP kept its annual guidance. Goldman Lifts Copper Forecasts as Gold Slips for a Third Session: Next, markets. Reuters reports three-month copper on the London Metal Exchange rose 0.36 percent to 14,391 dollars a tonne by 0705 GMT. Goldman Sachs raised its end-2026 copper forecast to 14,700 dollars and its 2027 average to 15,400 dollars, citing weaker mine supply. It expects deficits outside the United States of 950,000 tonnes this year and 220,000 tonnes next year. Ghana Sets 2030 Target to End Raw Mineral Exports: Finally, resource policy in West Africa. Nairametrics reports Ghana's President John Dramani Mahama told the Mining in Motion Summit in Accra on Monday that the country plans to ban exports of unprocessed minerals by 2030. He said, "I've set a clear goal that by 2030, raw minerals should no longer leave our shores." Sources: - Anglo American Q3 2026 Production Report — Anglo American Copper Output Falls 5% but 2026 Guidance Holds: https://www.angloamerican.com/media/press-releases/2026/20-10-2026 - Reuters via Fidelity — Anglo American Copper Output Falls 5% but 2026 Guidance Holds: https://www.fidelity.com/news/article/default/202610200321RTRSNEWSCOMBINED_L1N466061_1 - BHP Operational Review, quarter ended 30 September 2026 — BHP Copper Output Drops 19% as Chile Disruptions Mount: https://www.bhp.com/news/media-centre/releases/2026/10/bhp-operational-review-for-the-quarter-ended-30-september-2026 - Mining.com — BHP Copper Output Drops 19% as Chile Disruptions Mount: https://www.mining.com/web/bhp-misses-quarterly-copper-output-estimates-on-chile-disruptions/ - Bloomberg — BHP Copper Output Drops 19% as Chile Disruptions Mount: https://www.bloomberg.com/news/articles/2026-10-19/copper-boom-belies-a-deepening-mining-recession-in-top-producer - Reuters via Fidelity (metals) — Goldman Lifts Copper Forecasts as Gold Slips for a Third Session: https://www.fidelity.com/news/article/default/202610200344RTRSNEWSCOMBINED_L1N46607A_1 - ET Now — Goldman Lifts Copper Forecasts as Gold Slips for a Third Session: https://www.etnownews.com/markets/gold-price-today-october-20-bullion-heads-for-third-straight-session-of-losses-as-stronger-dollar-higher-us-yields-weigh-article-156370192 - Reuters via Asharq Al-Awsat (gold) — Goldman Lifts Copper Forecasts as Gold Slips for a Third Session: https://english.aawsat.com/business/5329812-gold-rebounds-one-week-low-dollar-slips - Trading Economics (iron ore) — Goldman Lifts Copper Forecasts as Gold Slips for a Third Session: https://tradingeconomics.com/commodity/iron-ore - Nairametrics — Ghana Sets 2030 Target to End Raw Mineral Exports: https://nairametrics.com/2026/10/20/ghana-plans-to-ban-exports-of-unprocessed-minerals-by-2030/ - Northern Star Resources key dates — Tomorrow's Flashpoint: https://www.nsrltd.com/investors/key-dates/
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    10 分
  • New Hope and Malabar Agree Coal Merger, South32 and Freeport on Copper Supply, China Beats at 4.5%, and Lithium Hits Year Lows

    New Hope and Malabar Agree Coal Merger, South32 and Freeport on Copper Supply, China Beats at 4.5%, and Lithium Hits Year Lows
    2026/10/19
    New Hope and Malabar Agree a Binding All-Scrip Coal Merger: First, Australia, where two coal producers have signed a binding deal. In an ASX release dated October 19, New Hope Corporation and Malabar Resources said they entered a scheme implementation deed under which New Hope will acquire all the Malabar shares it does not already own. Copper Supply: South32 Holds Guidance, Freeport Leans on Leaching: Meanwhile, two copper producers reported on how they plan to find more metal. First, South32. Reuters reports its first-quarter copper production rose 2 percent on higher planned ore grades, slightly below market expectations. In its September quarter report, South32 said FY27 production guidance is unchanged across all operations, and that Sierra Gorda payable copper equivalent production rose 11 percent on higher grades. China Growth Beats at 4.5%, but Investment Keeps Falling: Next, the demand side. Reuters reports China's economy grew 4.5 percent year on year in the third quarter, beating the 4.4 percent forecast and rebounding from three-year lows. Growth for the first nine months was 4.6 percent, against a government target of 4.5 to 5 percent for 2026, which analysts expect Beijing to reach without additional stimulus. Lithium Slides to Year Lows as Zimbabwe Producers Lobby on Tax: Finally, lithium. Shanghai Metals Market reports the most-traded lithium carbonate futures contract fell 11.79 percent in a single day on October 12, to 104,680 yuan a tonne, breaking below 110,000 yuan for the first time this year. By October 14 it was 100,900 yuan, nearly half the May high of 209,900 yuan. Sources: - New Hope and Malabar ASX release — New Hope and Malabar Agree a Binding All-Scrip Coal Merger: https://malabarresources.com.au/wp-content/uploads/2026/10/New-Hope-and-Malabar-to-Combine-Through-Recommended-Scheme-of-Arrangement-19.10.26.pdf - Reuters via Mining Weekly — New Hope and Malabar Agree a Binding All-Scrip Coal Merger: https://www.miningweekly.com/article/australias-new-hope-to-fold-malabar-resources-into-439bn-coal-group-in-all-scrip-deal-2026-10-19 - South32 Quarterly Report September 2026 — Copper Supply: South32 Holds Guidance, Freeport Leans on Leaching: https://investorpa.com/announcement/358670/ - Reuters via Mining Weekly (South32) — Copper Supply: South32 Holds Guidance, Freeport Leans on Leaching: https://www.miningweekly.com/page/latest-news/feed - Reuters via Fidelity (Freeport) — Copper Supply: South32 Holds Guidance, Freeport Leans on Leaching: https://www.fidelity.com/news/article/default/202610190100RTRSNEWSCOMBINED_L1N46014I_1 - Reuters — China Growth Beats at 4.5%, but Investment Keeps Falling: https://www.reuters.com/5f374b32b07b/world/china/chinas-economic-growth-picks-up-third-quarter-beating-expectations-2026-10-19/ - ABC News Australia markets blog — China Growth Beats at 4.5%, but Investment Keeps Falling: https://www.abc.net.au/news/2026-10-19/asx-markets-business-live-news/107280976 - Shanghai Metals Market — Lithium Slides to Year Lows as Zimbabwe Producers Lobby on Tax: https://news.metal.com/newscontent/104160467-smm-cobalt-lithium-morning-meeting-summary-supply-demand-expectations-diverge-material-prices-under-pressure-industry-chain-prosperity-diverges - Zimbabwe Situation (Business Reporter) — Lithium Slides to Year Lows as Zimbabwe Producers Lobby on Tax: https://www.zimbabwesituation.com/news/lithium-producers-push-for-tax-reforms-royalty-overhaul/ - Anglo American investor calendar — Tomorrow's Flashpoint: https://www.angloamerican.com/investors/investor-calendar
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    11 分
  • Centinela Strike Ends at 94% Approval, Gold Fields Takes Northern Star Bid to Investors, and Banks Back Mineral Processing

    Centinela Strike Ends at 94% Approval, Gold Fields Takes Northern Star Bid to Investors, and Banks Back Mineral Processing
    2026/10/18
    Centinela Workers Ratify Deal at 94.49% and the Strike Ends: First, Chile, where the strike at Antofagasta's Centinela copper mine is over. Reuters reports workers from the two unions, Distrito Centinela and Minera Esperanza, ratified an agreement with Antofagasta Minerals on a new collective bargaining contract, and that the company confirmed the deal. A total of 94.49 percent of participating workers voted to approve it. Gold Fields Takes Its Northern Star Bid Directly to Investors: Next, Australia, where the contest for the country's largest gold producer has moved to the shareholder register. The Sydney Morning Herald reports Gold Fields chief executive Mike Fraser spent the week meeting Northern Star institutional investors in Perth, Sydney and Melbourne, after Northern Star's board rejected the approach. Development Banks Adopt a Joint Framework to Back Mineral Processing: Meanwhile, a policy move with long-dated consequences for supply chains. The European Investment Bank reports multilateral development banks have established a collaboration framework to increase joint support for critical raw materials value chains in developing countries, covering mining, processing, manufacturing and recycling. The Asian Development Bank says the heads of the banks met in Manila on October 17 and adopted it. Week Ahead: The Fed Goes Quiet, the Dollar Slips and Oil Climbs: Finally, the setup for the week ahead. Shanghai Metals Market reports the U.S. dollar index fell 0.19 percent overnight to 101.78, down 0.44 percent on the week, ending a four-week winning streak. Federal Reserve Chair Kevin Warsh made no comments on policy at the International Monetary Fund meeting in Bangkok on Friday, and the Fed entered its quiet period on Saturday ahead of its October 27 and 28 meeting, according to Capital Street FX. Sources: - Reuters via Fidelity — Centinela Workers Ratify Deal at 94.49% and the Strike Ends: https://www.fidelity.com/news/article/default/202610180037RTRSNEWSCOMBINED_KBN3VY04C-OUSTP_1 - Reuters via MarketScreener — Centinela Workers Ratify Deal at 94.49% and the Strike Ends: https://au.marketscreener.com/news/striking-unions-at-antofagasta-s-centinela-copper-mine-reach-preliminary-deal-ending-strike-ce785cdade8af123 - Finimize — Centinela Workers Ratify Deal at 94.49% and the Strike Ends: https://finimize.com/content/chiles-centinela-copper-mine-strike-ends-with-new-deal - The Sydney Morning Herald — Gold Fields Takes Its Northern Star Bid Directly to Investors: https://www.smh.com.au/business/companies/the-38b-battle-for-australia-s-top-gold-miner-may-be-just-beginning-20261018-p6167t.html - Dow Jones via Morningstar — Gold Fields Takes Its Northern Star Bid Directly to Investors: https://www.morningstar.com/news/dow-jones/202609281074/northern-star-rejects-27-billion-takeover-proposal-from-gold-fields-3rd-update - HeadTopics (compiled from SMH reporting) — Gold Fields Takes Its Northern Star Bid Directly to Investors: https://au.headtopics.com/news/gold-fields-targets-australia-s-largest-gold-producer-in-88926064 - European Investment Bank — Development Banks Adopt a Joint Framework to Back Mineral Processing: https://www.eib.org/en/press/news/news-development-banks-establish-collaboration-framework-on-critical-raw-materials - Asian Development Bank — Development Banks Adopt a Joint Framework to Back Mineral Processing: https://www.adb.org/news/joint-statement-mdb-heads-advancing-joint-action-amid-global-uncertainty - CanadianMiningReport — Development Banks Adopt a Joint Framework to Back Mineral Processing: https://www.canadianminingreport.com/blog/major-development-banks-back-critical-minerals-processing-could-rare-earth-stocks-benefit - Shanghai Metals Market — Week Ahead: The Fed Goes Quiet, the Dollar Slips and Oil Climbs: https://news.metal.com/newscontent/104162943-us-dollar-ends-4-week-winning-streak-metals-show-mixed-performance-lme-nickel-leads-gains-ny-and-shfe-silver-fall-weekly-crude-oil-climbs-overnight-market - Capital Street FX — Week Ahead: The Fed Goes Quiet, the Dollar Slips and Oil Climbs: https://www.capitalstreetfx.com/market-analysis/daily-commodity-report-17-10-2026/ - Westmetall (LME official prices) — Week Ahead: The Fed Goes Quiet, the Dollar Slips and Oil Climbs: https://www.westmetall.com/en/markdaten.php?action=show_table&field=LME_Cu_cash - Radio Free Europe/Radio Liberty — Week Ahead: The Fed Goes Quiet, the Dollar Slips and Oil Climbs: https://www.rferl.org/a/iran-live-blog-trump-middle-east/33803414.html - Anglo American — Tomorrow's Flashpoint: https://www.angloamerican.com/investors/results-centre-and-presentations/quarterly-production-reporting
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    10 分
  • Centinela Strike Ends in Preliminary Deal, Thompson Nickel Changes Hands, and Copper Trades With AI Stocks

    Centinela Strike Ends in Preliminary Deal, Thompson Nickel Changes Hands, and Copper Trades With AI Stocks
    2026/10/17
    Centinela Unions Reach Preliminary Deal, Ending the Strike: First, Chile, where the strike at Antofagasta's Centinela copper mine looks set to end. Reuters reports workers from the two striking unions reached a preliminary agreement on a new collective contract late on Friday, ending a strike that had lasted more than a week. The Distrito Centinela and Minera Esperanza unions have more than 700 members, and the strike began on October 7 after contract talks failed. Thompson Nickel Complex Changes Hands as Exiro Closes Deal with Vale Base Metals: Next, Manitoba, where the sale of the Thompson nickel operations has closed. Natural Resources Canada says ownership of the Thompson Mine Complex has transferred from Vale Base Metals to Exiro Nickel Company, a consortium led by Exiro Minerals Corp. with Orion Resource Partners and the Canada Growth Fund. A Week in Metals: Inflation, an AI Sell-Off and Oil Above US$100: Meanwhile, the week's markets. Start with gold. Kitco reports spot gold began the week at 4,193 dollars and 59 cents an ounce, reached a weekly high of 4,216 dollars and 91 cents on Monday, and fell to a weekly low of 4,073 dollars and 35 cents at noon Wednesday after hot consumer price data. It finished near 4,165 dollars, down 0.58 percent on the week. Greenland Moves to Ban Deep-Sea Mining as a U.S. Seabed Licence Bid Advances: Next, seabed mining, where two governments are heading in opposite directions. The Copenhagen Post, citing Ritzau, reports Greenland's parliament unanimously adopted a resolution on Thursday directing the government to draft legislation for a temporary ban on deep-sea mining. The ban would run through December 31, 2029, with possible extensions in two-year increments. Iron Ore Rebounds from a Two-Year Low as Grange Approves Savage River Underground: Finally, iron ore. Reuters, via Kitco, reports iron ore rebounded on Friday after touching lows of more than two years the day before. The benchmark November contract in Singapore rose 1.11 percent to 90 dollars and 85 cents a tonne as of 0805 GMT, up 0.2 percent on the week. Dalian's most-traded contract closed daytime trade up 0.07 percent at 672.5 yuan, a weekly loss of 1.5 percent. Sources: - Reuters via MarketScreener — Centinela Unions Reach Preliminary Deal, Ending the Strike: https://au.marketscreener.com/news/striking-unions-at-antofagasta-s-centinela-copper-mine-reach-preliminary-deal-ending-strike-ce785cdade8af123 - Reuters via Mining.com.au — Centinela Unions Reach Preliminary Deal, Ending the Strike: https://mining.com.au/no-breakthrough-in-union-talks-at-centinela-copper-mine/ - Shanghai Metals Market (November output) — Centinela Unions Reach Preliminary Deal, Ending the Strike: https://news.metal.com/newscontent/104155269-centinela-strike-could-cut-november-copper-output-by-half-unions-say - Natural Resources Canada — Thompson Nickel Complex Changes Hands as Exiro Closes Deal with Vale Base Metals: https://www.canada.ca/en/natural-resources-canada/news/2026/10/thompson-mine-complex-transaction-closes-helping-secure-a-stronger-future-for-canadian-nickel.html - Vale Base Metals release via AAP — Thompson Nickel Complex Changes Hands as Exiro Closes Deal with Vale Base Metals: https://aapnews.aap.com.au/aapreleases/cision20261016AE73713 - CBC News — Thompson Nickel Complex Changes Hands as Exiro Closes Deal with Vale Base Metals: https://www.cbc.ca/news/canada/manitoba/thompson-nickel-mine-vale-exiro-9.7384748 - Kitco News (weekly gold review) — A Week in Metals: Inflation, an AI Sell-Off and Oil Above US$100: https://www.kitco.com/news/article/2026-10-16/wall-street-undecided-golds-near-term-trajectory-main-street-flirts-bearish - Kitco News (PM report) — A Week in Metals: Inflation, an AI Sell-Off and Oil Above US$100: https://www.kitco.com/news/article/2026-10-16/gold-silver-diverge-fed-pause-expectations-collide-rising-crude-prices - ET Now — A Week in Metals: Inflation, an AI Sell-Off and Oil Above US$100: https://www.etnownews.com/markets/gold-price-today-october-16-gold-falls-1-this-week-as-inflation-fears-fuel-rate-hike-bets-silver-heads-for-6-weekly-loss-article-156348437 - Reuters via Capital.com — A Week in Metals: Inflation, an AI Sell-Off and Oil Above US$100: https://capital.com/en-eu/news/london-copper-firms-but-heads-for-weekly-loss - Ritzau via Copenhagen Post — Greenland Moves to Ban Deep-Sea Mining as a U.S. Seabed Licence Bid Advances: https://cphpost.dk/2026-10-16/news/round-up/greenland-parliament-backs-temporary-ban-on-deep-sea-mining/ - Reuters via Mining.com — Greenland Moves to Ban Deep-Sea Mining as a U.S. Seabed Licence Bid Advances: https://www.mining.com/web/american-metal-says-us-seabed-mining-exploration-license-application-advances/ - Reuters via Kitco — Iron Ore Rebounds from a Two-Year Low as Grange Approves Savage River Underground: https://www.kitco.com/news/off-the-wire/2026-10-16/iron-ore-price-rebounds-two-year-low-dip-buying-improving-steel - ...
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  • Centinela Hunger Strike, Kenmare Cuts Guidance, and Hot Producer Prices Meet Gold

    Centinela Hunger Strike, Kenmare Cuts Guidance, and Hot Producer Prices Meet Gold
    2026/10/16
    Centinela Talks Stall as Three Workers Reach Day Seven of a Hunger Strike: First, Chile, where the strike at Antofagasta's Centinela copper mine has no deal. Reuters reports that talks on Thursday between Antofagasta Minerals and the two striking unions made no progress, and that three workers are on the seventh day of a hunger strike. The Distrito Centinela and Minera Esperanza unions represent more than 700 workers and began the strike on October 7, after contract talks collapsed. Kenmare Cuts 2026 Guidance as Takeover Talks Continue: Next, Mozambique, where Kenmare Resources has cut its 2026 production and shipment guidance even as it posted a stronger third quarter. Alliance News reports Kenmare now expects ilmenite production of 710,000 to 750,000 tonnes, down from previous guidance of approximately 800,000 tonnes, citing ongoing commissioning challenges at Wet Concentrator Plant A. Shipments are now expected at approximately 1.05 million tonnes, below the earlier guidance of more than 1.1 million, because delays at other ports restricted vessel loading time at Moma. Producer Prices Jump 1.3% in September, and Gold Holds Above US$4,100: Meanwhile, the macro backdrop ran hotter again on Thursday. Kitco reports U.S. producer prices rose 1.3 percent in September, against a forecast of 0.6 percent. The Labor Department said, "The September increase is the largest advance since rising 1.7 percent in March 2022." Over 12 months, headline producer prices rose 6.3 percent, against an expected 5.3 percent. Core producer prices rose 0.7 percent, against a consensus of 0.3, and 5.0 percent over the year, against 4.4 expected. Iron Ore Slips Below US$90 as Vale's CEO Says Prices Should Be Higher: Next, iron ore, where the price slide has drawn comment from the top of Vale. Bloomberg reports Vale chief executive Gustavo Pimenta said iron ore prices should be "a little higher," as surging energy and freight costs make about 10 percent of global seaborne supply unprofitable. Iron ore futures in Singapore fell below 90 dollars a tonne this week, the first time in two years, and are down about 15 percent in 2026. Zimbabwe Holds the Line on a January 2027 Lithium Concentrate Export Ban: Finally, Zimbabwe, where the clock is running on the lithium concentrate export ban. FurtherAfrica reports the ban is scheduled to take effect in January 2027. On October 9, Information Minister Nick Mangwana said there was no reason to delay it and rejected industry requests for a further extension. Sources: - Reuters via Mining.com.au — Centinela Talks Stall as Three Workers Reach Day Seven of a Hunger Strike: https://mining.com.au/no-breakthrough-in-union-talks-at-centinela-copper-mine/ - Shanghai Metals Market — Centinela Talks Stall as Three Workers Reach Day Seven of a Hunger Strike: https://news.metal.com/newscontent/104160263-chiles-centinela-mine-strike-continues-with-no-progress-workers-on-7-day-hunger-strike - Shanghai Metals Market (November output) — Centinela Talks Stall as Three Workers Reach Day Seven of a Hunger Strike: https://news.metal.com/newscontent/104155269-centinela-strike-could-cut-november-copper-output-by-half-unions-say - BNamericas — Centinela Talks Stall as Three Workers Reach Day Seven of a Hunger Strike: https://www.bnamericas.com/en/features/labor-disputes-involving-around-1700-workers-and-13-deaths-in-2026-put-pressure-on-mining-in-chile - Alliance News via Morningstar — Kenmare Cuts 2026 Guidance as Takeover Talks Continue: https://global.morningstar.com/en-gb/news/alliance-news/1792064524474775800/kenmare-cuts-annual-production-outlook-despite-stronger-third-quarter - Kenmare Resources Q3 2026 Production Report — Kenmare Cuts 2026 Guidance as Takeover Talks Continue: https://finance.yahoo.com/markets/commodities/articles/q3-2026-production-report-060000253.html - Business Post — Kenmare Cuts 2026 Guidance as Takeover Talks Continue: https://www.businesspost.ie/markets/mining-firm-kenmare-resources-slashes-its-2026-output-estimate/ - Kitco News — Producer Prices Jump 1.3% in September, and Gold Holds Above US$4,100: https://www.kitco.com/news/article/2026-10-15/gold-holding-overnight-gains-above-4100-even-us-ppi-rises-63-september - CNBC — Producer Prices Jump 1.3% in September, and Gold Holds Above US$4,100: https://www.cnbc.com/2026/10/15/gold-rebounds-from-one-week-low-as-dollar-slips.html - Shanghai Metals Market (LME copper) — Producer Prices Jump 1.3% in September, and Gold Holds Above US$4,100: https://news.metal.com/newscontent/104160335-inventory-rebounds-while-demand-remains-weak-premiums-stay-high-after-contract-rollover-smm-copper-morning-meeting-minutes - Trading Economics (Comex copper) — Producer Prices Jump 1.3% in September, and Gold Holds Above US$4,100: https://tradingeconomics.com/commodity/copper - Bloomberg — Iron Ore Slips Below US$90 as Vale's CEO Says Prices Should Be Higher: https://www.bloomberg.com/news/videos/2026-10-16/...
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