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Global Financial Markets Abuzz: Russian Assets, Copper Surge, and U.S. Political Gridlock
Stock Market News· 2025-10-14 22:38
Geopolitical and Financial Developments - G7 nations, including the UK and Canada, are advancing plans to utilize nearly $300 billion in frozen Russian central-bank assets to provide significant financial support to Ukraine, with discussions focused on a €140 billion loan [2][3] U.S. Health Department Controversy - The U.S. Department of Health and Human Services (HHS) mistakenly fired 778 employees during a reduction-in-force initiative, which was part of a broader effort to cut the federal workforce [4][5] Critical Minerals Market - Critical minerals stocks, particularly copper producers like Rio Tinto, are experiencing a surge due to tightening global supply and robust demand, with Rio Tinto reporting a 15% year-on-year increase in Q2 copper production to 229,000 tonnes [6][7] - Rio Tinto's Oyu Tolgoi mine in Mongolia has seen a 54% year-on-year increase in copper output in the first half of 2025, contributing to overall production growth [6][7][8] Legislative Developments - The Senate GOP is attempting to advance a three-bill "minibus" package to fund government operations during an ongoing government shutdown, which includes key appropriations bills [9][10]
US-China trade: Why you shouldn't expect progress for 'months to come'
Yahoo Finance· 2025-10-14 17:14
China imposed sanctions on five of a South Korean shipping company's US subsidiaries effective immediately. This comes as the US also begins collecting steep fees from Chinese ships coming to the US imposed under section 301. All of this the latest moves in the tip fortat trade war that sent stocks tumbling Friday and again today.I'm joined by Terry Haynes, Pangia policy founder and the Zach Necktar Wy Rain LLP chair who served from 2018 to 2021 in the Department of Commerce as assistant secretary and under ...
Maxus Mining and Palliser Exploration Complete Successful 2025 Exploration Programs Across Four Critical Mineral Properties
Globenewswire· 2025-10-14 12:00
Core Insights - Maxus Mining Inc. has successfully completed its 2025 ground exploration program across four critical minerals projects in British Columbia, Canada, on time and on budget [1][3][4] Exploration Program Overview - The exploration program involved detailed prospecting, mapping, and sampling across the Quarry, Hurley, Lotto, and Alturas projects, with over 200 grab samples collected and submitted for analysis [4][5] - The program aimed to validate historical mineralization occurrences and confirm multiple showings of mineralization across the projects [4] Project Highlights - **Alturas East**: Confirmed locations of historic adits and identified a strongly oxidized fault zone with visible sulphide mineralization, indicating a potentially mineral-rich geological environment [5] - **Alturas West**: Identified accessible ground suitable for drill site preparation, building on 2024 surface sampling results that returned exceptional grades of up to 69.98% antimony [5] - **Hurley Property**: Confirmed visible stibnite mineralization and historic antimony showings, validating the project's high-grade critical mineral potential [5] - **Quarry Property**: Sampled numerous galena-bearing quartz veins, strengthening the case for widespread lead-silver mineralization [5] - **Lotto Property**: Uncovered broad areas of oxidation and intrusive rock units, indicating a highly prospective geological setting for critical mineral mineralization [5] Management Commentary - The CEO of Maxus Mining emphasized that the exploration program marks a significant advancement for the company, highlighting the diverse mineralization styles and the potential for long-term value creation for shareholders [3]
X @The Economist
The Economist· 2025-10-13 17:40
China has unveiled new curbs on exports of rare-earth elements and things made from them. Our “Babbage” podcast examines what makes the critical minerals so special—and what the alternatives could be https://t.co/z9hg1nrmq8 ...
U.S.-China tensions spotlight critical minerals as markets weigh long term risk
CNBC Television· 2025-10-13 12:28
the uh post that we saw from the president on True Social, does that change this dynamic at all, the fact that he's saying don't worry about it even though the plan technically is still is to increase terrorists by 100% on November 1st. >> Well, certainly uh Frank, I think it provides a nearterm off rampant, but he is right. Uh November the 1st is an eternity away, so we'll have to see what happens between now and then.That's the near-term. But let me just try and level set here, Frank, about the long term ...
Titan Mining Receives Financing Interest of up to US$120 Million from U.S. EXIM Bank for Kilbourne Graphite Project
Globenewswire· 2025-10-07 10:00
Core Viewpoint - Titan Mining Corporation has received financing interest of up to US$120 million from the Export-Import Bank of the United States (EXIM) for the construction of its Kilbourne Graphite Project, which is expected to enhance domestic production and supply chain resilience in the U.S. [1][4][5] Financing and Project Development - The financing from EXIM is part of the "Make More in America" initiative and would represent a significant portion of the capital needed for the Kilbourne Project, which aims to produce 40,000 tonnes of natural flake graphite per year [1][4][3] - The indicative terms include a direct loan of up to US$120 million with a repayment period of approximately 12 years, referencing the Commercial Interest Reference Rate (CIRR) currently around 5.0% [5][6] - Titan Mining expects the financing structure to be capital-efficient for shareholders, leveraging federal support and the company's strong cash flow from its existing zinc operations [3][5] Strategic Importance - The Kilbourne Project has been recognized by EXIM as a strategic U.S. critical-minerals asset that aligns with national priorities, aiming to create high-quality American jobs and strengthen supply chain resilience [4][5] - Titan Mining is collaborating with various U.S. government agencies, including the Department of War and the Department of Energy, to enhance its critical-minerals plan through strategic funding and policy programs [2][4] Company Background - Titan Mining Corporation is an existing zinc concentrate producer in New York and is positioning itself as the first fully integrated natural flake graphite producer in the U.S. in 70 years [7] - The company has a strong commitment to developing critical minerals assets that enhance the security of the domestic supply chain [7]
Perpetua Resources Celebrates Stibnite Gold Project Advancing to Development with State and Federal Officials
Prnewswire· 2025-09-19 22:32
Core Insights - The Stibnite Gold Project has received a conditional Notice to Proceed from the U.S. Forest Service, allowing development to commence upon financial assurance posting, marking a significant milestone after over 8 years of permitting review [1][2][16] - The project is expected to produce the only mined reserve of antimony in the U.S., which is critical for military applications, and aims to supply up to 35% of U.S. antimony demand during its first six years of operation [4][5] - The project is positioned to create significant economic benefits, including over 950 jobs during construction and more than 550 jobs during operations, while also addressing environmental contamination from previous mining activities [7][8] Company Overview - Perpetua Resources Corp. focuses on the exploration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of Idaho, with the Stibnite Gold Project being one of the highest-grade open-pit gold deposits in the U.S. [9] - The project is backed by $80 million in Department of Defense funding and is aligned with the U.S. Army's 'Ground-to-Round' strategy to establish a domestic supply chain for critical minerals [1][3] Industry Context - Antimony is classified as a critical mineral essential for technology, defense, and energy applications, with China currently dominating global supply, accounting for about 80% of U.S. imports [5] - The Stibnite Gold Project aims to reduce U.S. reliance on foreign sources for antimony, especially following China's export restrictions in 2024 [5][6] - The project is expected to produce approximately 450,000 ounces of gold annually over its first four years, providing financial support for antimony production [5]
Trump, Modi Speak in Bid to Ease Clash Over Tariffs, Oil
Bloomberg Television· 2025-09-17 15:20
Sticking with that trade front, President Trump says he's spoken to Indian Prime Minister Narendra Modi, in a move that could ease tensions between the two major economies. The call came after the two nations resumed trade negotiations. Let's get more with our senior editor, Derek Wallbank, joining us for more.I mean, Derek, I found it so interesting. You can see in that social media post that he said he had a wonderful call with India's Narendra Modi. But how did that become a wonderful call.When you look ...
Anglo American (OTCPK:AAUK.D) Earnings Call Presentation
2025-09-09 12:00
Merger of equals to create a leading global critical minerals champion Anglo American cautionary statement Disclaimer This document has been prepared by Anglo American plc ("Anglo American") in connection with its combination with Teck Resources Limited ("Teck") to form the Anglo Teck group (the "Merger") and comprises the written materials/slides for a presentation concerning Anglo American and Teck. By attending this presentation and/or reviewing this document you agree to be bound by the following condit ...
Domestic Metals Begins Trading on OTCQB
Globenewswire· 2025-07-21 11:30
VANCOUVER, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) -- Domestic Metals Corp. (the "Company" or "Domestic") - (TSXV: DMCU; OTCQB: DMCUF; FSE: 03E) announces that its common shares have started trading on the OTCQB marketplace, a U.S. marketplace operated by OTC Markets Group Inc., as of the opening of markets today. Domestic was previously trading on the OTCID marketplace and will retain its trading symbol of DMCUF on the OTCQB. The Company's common shares will continue to trade on the TSX Venture Ex ...