Core Viewpoint - SolGold has rejected a preliminary takeover offer from Jiangxi Copper Co, which has led to a significant increase in its share price, indicating strong confidence in its standalone prospects [1][2]. Company Summary - SolGold is focused on the Cascabel copper-gold project in northern Ecuador and has received two takeover offers from Jiangxi Copper in less than a week [1][2]. - Jiangxi Copper, which holds a 12% stake in SolGold, proposed a price of 26 pence per share, but the board of SolGold unanimously rejected this offer [2]. - The board of SolGold has advised shareholders to take no action while it considers its next steps regarding the takeover proposals [2]. Industry Context - SolGold has been viewed as a potential acquisition target for major Western miners like BHP and Newmont, which hold stakes of 10.4% and 10.3% respectively [3]. - Interest from these major miners has diminished due to disputes over funding the Cascabel project and changes to its scope [3]. - The renewed interest from Jiangxi Copper coincides with increasing attention on copper assets, driven by forecasts of a supply crunch related to global electrification [4].

We've seen for countries that hastily moved into the transition without taking into consideration affordability and I'm talking about Europe in general. We are seeing today de-industrialization. We are seeing they lost their competitive edge.It's eroding over time and we seeing higher cost to consumers. If you compare the cost to consumers in the US compared to Europe, it's four times there compared to the US. That's a competitive end because you need energy.Energy gets into everything. Your cost cost of li ...

Core Insights - Chile is the largest copper producer globally, accounting for 25% of the world's production with approximately 5.5 million tons per year [2] - Copper is a critical indicator of global economic health, influencing various industries, and is currently priced around $5.00 per pound [2] - The current market conditions suggest potential for a significant rally in copper prices due to supply constraints and increasing demand driven by electrification [10] Historical Price Trends - From 2009 to 2011, copper prices rebounded from $1.30/lb to over $4.60/lb, a 250% increase, driven by China's stimulus post-financial crisis [3] - Between 2016 and 2018, prices rose from around $2.00/lb to over $3.20/lb, revitalizing the mining industry due to supply management and construction incentives in China [4] - During the pandemic from 2020 to 2021, copper prices surged from $2.20/lb to over $4.90/lb, marking a 120% increase in less than 18 months [5] Current Market Dynamics - Recent supply issues in Chile and Peru, along with project delays in the Congo, have led to a significant supply crunch, causing copper prices to increase [6] - Analysts predict potential annual shortfalls of 2–4 million tonnes in the copper market by the late 2020s without new mining operations [12] - Demand for copper is being driven by electrification initiatives, with electric vehicles using 3–4 times more copper than traditional vehicles [12] Price Projections - If supply challenges persist, copper prices could rise to $5.10–5.30/lb, representing a moderate upside of 10–15% [12] - A more pronounced supply squeeze could push prices to $5.80–6.00/lb, exceeding the highs of 2021, indicating a breakout rally of 25–30% [12] - In a supercycle scenario, sustained demand against supply constraints could keep prices above $6.00/lb for an extended period, impacting global mining economics [12]

RT Bull Theory (@BullTheoryio)$ETH will hit $10,000 this cycleHere are 3 reasons why: 👇1. Institutional demand- In Q3, public-listed companies and ETFs have bought 4.4 million ETH worth $20 billion.- Individual whales and Web3 companies have also bought over 2 million ETH this quarter.- This accounts for almost 5.5% of the total supply.2. Network activity- Weekly DEX volume is at a new all-time high (ATH).- Daily transactions are at a new ATH.- Monthly active users are at a new ATH.- Stablecoin supply is at ...