查看更多>>摘要："Things always become obvious after the fact," said the author and options trader Nassim Taleb. Taleb is best known as the originator of Black Swan theory, which holds that truly unexpected and disruptive events are by their nature impossible to predict. The world has recently had to adjust to some new obvious facts. The immediate human cost of the war in Ukraine is the most shocking of these. But even if peace is made quickly, and we must hope it is, the ripples that the conflict has spread through markets will reverberate for years or decades to come.
查看更多>>摘要：Increasingly shaky stock markets are overwhelming rocketing metal prices in a tug-of- war over resource sector in vestment returns. Price gains among the mining in dustry's leading commodity products have averaged more than 50% since February 2021. Even that probably un derstates the strength of the move higher since iron ore had already dou bled in price during the prior year.
查看更多>>摘要：Oil is the primary focus of embargoes on Russian commodities because of its invasion of Ukraine, but copper and other metals are moving into sharper focus, especially with the imminent start-up of the big Udokan copper mine in Siberia controlled by sanc tioned oligarch Alisher Usmanov. Described as one of the next major sources of copper for an electrifying world, Udokan is expected to produce a modest 51,000 tonnes of copper this year, rising to 136,000t next year, po tentially on its way to 400,000t by 2026 - when it could be a top-10 producer.
查看更多>>摘要：The smart money is on a joint bid for London-listed SolGold by BHP and Newcrest Mining as early as June. Both miners have acquired minority stakes in SolGold, which controls the enormous Cascabel copper-gold con cession in mining-friendly Ecuador. Sources say BHP CEO Mike Henry has been persuaded to go with New-crest because of the latter's expertise in block caving.
查看更多>>摘要：Since its 1988 float on the London Stock Exchange, Anglesey Mining has strived to bring modern, underground mining to the Parys Mountain project on the isle of Anglesey, which is off the north coast of Wales. The site was once home to the world's largest copper mine, but price fluctuations, economic crises and a diversification into Canadian iron ore projects meant that it remained undeveloped. However, new leader ship, a robust preliminary economic assessment (PEA) and rapidly improv ing macro conditions mean that Parys Mountain is once again at the forefront of Anglesey Mining's strategy.
查看更多>>摘要：Potash, one of the worlds most con-centrated and controlled commodity markets, is in a state of unusual tur moil, as a series of supply shocks ripple through a market that was already en tering a cyclical upswing. In the short-term farmers and gov ernments are scrambling to get their hands on enough of the crop nutrient to meet their demands for the 2022 growing seasons. But as global popu lations continue to grow, and food demand rises steadily, the long-term solution lies not in the hands of traders and logistics firms, but miners.
查看更多>>摘要：Australia's emerging potash industry is at risk of missing a boom in the price of the fertiliser as construction and opera tional problems delay a second project. Kalium Lakes was the winner last year of a race against five other poten tial potash producers to manufacture a material suitable for sale, but the cel ebrations in October have faded with news of production delays and a pro posal to raise more capital. A revised timetable reported to the Australian stock exchange on March 15 is for sales of sulphate of potash (SOP) to be pushed back to July while discus sions start with financiers for a capital injection to compensate for missed sales.
查看更多>>摘要：BMO Capital Markets hosted its 31st Global Metals & Mining Conference in Florida against the backdrop of Russia's invasion of Ukraine, booming metals prices and tentative guests still emerg ing from COVID-19 isolation. The virtual and in person conference of over 1,000 assorted delegates is a regular industry highlight and ran be tween February 28 and March 2. However, developments outside the event were unique.
查看更多>>摘要：Canadian Pacific Railway (CP) has warned trade union members it will lock them out of their operations from March 20 if they do not reach a new wage agreement or commit to binding arbitration. A protracted labour dispute could potentially impact supplies of potash at a critical time for the fertiliser's market, which has been hit by the loss of key supplies from Russia and Belarus. Leading potash supplier Nutrien has called on the Canadian government to prevent a rail strike.
查看更多>>摘要：A group of influential US Senators, including the head of its natural resources committee, has urged Presi dent Joe Biden to end the country's dependency on critical minerals im ports, especially from China. Senators called on Biden to invoke the Defense Production Act in order "to rebuild the capacity of key sectors and value-chains by domestically pro ducing and processing critical minerals, such as battery metals like lithium and graphite".
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