Core Insights - The article discusses the recent trends in the U.S. futures market for precious metals, highlighting a surprising increase in short positions despite expectations of a new interest rate cut cycle [2][7][26]. Group 1: Market Sentiment and Positioning - As of the last report, net long positions in U.S. precious metal futures, except for palladium and copper, have decreased across the board, which was unexpected given the anticipated interest rate cuts [2][7]. - The market now estimates an 85% chance of a rate cut in October, up from 79%, and a 75% chance in December, indicating expectations for three rate cuts this year [2][26]. - The article notes that the gold price has increased by 38.1% year-to-date, while fund long positions have only increased by 1.7% during the same period, suggesting limited bullish sentiment [7][8]. Group 2: Fund Position Changes - The net long position for COMEX gold fell by 1.5% to 518 tons, marking the 101st consecutive week of net long positions, but significantly lower than the historical peak of 908 tons in September 2019 [7][8]. - In silver, net long positions dropped from 6,380 tons to 5,874 tons, with a 41.5% increase in silver prices year-to-date [8][10]. - Platinum funds saw a significant drop in long positions by 17%, while palladium remains in a net short position for 139 weeks, indicating a bearish outlook for this metal [8][12]. Group 3: Economic Indicators and Predictions - The article highlights the potential for stagflation in the U.S. economy, suggesting that if inflation pressures rise again, the Federal Reserve may face challenges in its monetary policy [26][28]. - The gold-to-North American mining stock ratio has dropped significantly, indicating that mining stocks have underperformed relative to gold itself, which may signal caution for investors [18][20]. - The article emphasizes the importance of monitoring the gold-silver ratio as a market sentiment indicator, which currently stands at 86.38, reflecting a slight decline [22].

TSXV: PGZÂ |Â OTCQB: PGZFFÂ |Â FRA: 2EU Roger Davey served as Chairman, Atalaya Mining, for a decade supporting the refurbishment, commissioning, and re-start of mining operations at the Riotinto Mine in Spain VANCOUVER, BC , Sept. 17, 2025 /PRNewswire/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce the appointment of UK-based mining executive Roger Davey to the Company's Board of Directors (the "Board"). ...

Market Overview - Asian stock markets are mostly trading lower, influenced by negative cues from global markets and concerns over the US Fed's anticipated interest rate cut [1][2] - Australian shares are notably lower, with the S&P/ASX 200 falling below 8,850, driven by weakness in mining and financial stocks [3][4] Australian Market Details - The S&P/ASX 200 Index decreased by 61.60 points or 0.69% to 8,816.10, while the All Ordinaries Index fell by 59.00 points or 0.65% to 9,092.20 [4] - Major miners like BHP Group and Rio Tinto are down over 1%, with Fortescue declining 1.5% and Mineral Resources slipping almost 3% [4][5] Company-Specific News - BHP announced plans to suspend operations and cut 750 jobs at a Queensland coking coal mine due to low prices and high state royalties [5] - In the tech sector, Afterpay owner Block is gaining almost 1%, while WiseTech Global and Xero are up more than 1% each [6] - PYC Therapeutics shares are down over 28% following the sudden resignation of CEO Dr. Rohan Hockings [7] Currency and Other Markets - The Australian dollar is trading at $0.668, while the Japanese stock market is modestly higher, with the Nikkei 225 up 93.52 points or 0.21% [8][9] - In the US market, major averages ended modestly lower, with the Dow down 125.55 points or 0.3% [14]

Investment & Portfolio - Australia's richest woman holds an $800 million rare earths portfolio [1] Industry Focus - The portfolio focuses on rare earths [1]

Core Viewpoint - Syrah Resources has reached an agreement with Tesla to extend the deadline for addressing an alleged breach of their graphite supply agreement, which provides the company with additional time to resolve the issue [1] Company Summary - Syrah Resources is involved in the graphite supply chain and has a critical supply agreement with Tesla [1] - The extension of the deadline is significant for Syrah Resources as it allows the company to manage the situation without immediate pressure [1] Industry Summary - The agreement highlights the importance of graphite in the electric vehicle supply chain, particularly for companies like Tesla that rely on it for battery production [1] - The extension may reflect broader trends in the industry regarding supply chain management and the need for flexibility in agreements [1]

(Reuters) -Australia's Orion Minerals said on Wednesday it has signed a non-binding term sheet with a unit of global miner Glencore for $200 million–$250 million funding for its Prieska copper-zinc project in South Africa. The diversified metal developer said that the deal includes an offtake agreement with Glencore to sell 100% of zinc and copper concentrates, among others, from the mine for a period ranging between five and 10 years. Orion will receive the funding in two tranches for the construction a ...

Core Viewpoint - BHP Group Ltd is cutting 750 jobs at its Saraji South coal mine in Queensland due to the impact of high coal royalties and challenging market conditions, which has raised concerns about the sustainability of the Queensland coal industry [1][3][4]. Group 1: Job Cuts and Mine Closure - 750 jobs will be cut at the Saraji South mine, a joint venture between BHP and Mitsubishi Development [2]. - The Saraji South mine, opened in 1974, is one of Australia's largest coal mines by recoverable reserves and will be mothballed starting in November [2]. Group 2: Impact of Coal Royalties - Queensland's coal royalties are structured in three tiers: 20% at $175 per tonne, 30% at $225 per tonne, and 40% if prices exceed $300 per tonne, contributing to the decision to cut jobs [3]. - BHP's asset president indicated that the company did not want to cut jobs but had to make necessary decisions due to unsustainable coal royalties and market conditions, suggesting a crisis point for the Queensland coal industry [3]. Group 3: Broader Implications - The job cuts are expected to have real impacts on regional jobs, communities, and small businesses, creating uncertainty for affected individuals [4]. - Despite the job cuts, coal is not the primary earnings generator for BHP, as iron ore and copper contribute more significantly to profits [5]. Group 4: Investment Perspective - Current commodity prices do not appear low enough to attract investment interest in BHP, with a preference for other ASX dividend shares at this stage [6].

Core Viewpoint - Avalon Advanced Materials Inc. is transitioning from an exploration-focused company to a strategic mid-stream processor and developer of critical mineral assets, particularly lithium and rare earth elements, to enhance North America's supply chain security [1][2]. Company Strategy - The company is participating in the Water Tower Research Small Cap Symposium to discuss its strategy and the importance of critical minerals [1]. - Avalon aims to unlock shareholder value through the development of its lithium and rare earth projects, emphasizing its role as a mid-stream processor [2]. Key Projects - Avalon is developing the Lake Superior Lithium Inc. facility, Ontario's first midstream lithium hydroxide processing facility, which will connect northern Ontario's lithium resources to the EV battery manufacturing base in southern Ontario and North America [5]. - The company is advancing the Separation Rapids Lithium Project and exploring the Snowbank and Lilypad lithium-cesium deposits [5]. - Avalon is also progressing with the Nechalacho Rare Earths and Zirconium Project, which contains various critical minerals essential for advanced technologies [5]. Industry Context - The upcoming podcast episode titled "Critical Elements Mining and Processing Infrastructure Buildout: A Matter of National Security" will further elaborate on the significance of critical minerals in the context of national security [3]. - Investors and stakeholders can access the podcast on various platforms, highlighting the company's commitment to transparency and communication [4].

Group 1: Netwealth Group Ltd (NWL) - NWL share price has increased by 8.5% since the beginning of 2025 [1] - As of 2024, Netwealth has over 140,000 account holders and manages over $88 billion in funds under administration (FUA) [2] - NWL has achieved a revenue growth rate of 20.8% per year since 2021, reaching $255 million in FY24, with net profit increasing from $54 million to $83 million [6] - The return on equity (ROE) for NWL is reported at 62.3% [6] Group 2: Mineral Resources Ltd (MIN) - MIN share price is currently 28.8% below its 52-week high [1] - Mineral Resources is a diversified mining company focused on lithium and iron ore extraction in Western Australia [3] - MIN has increased its revenue at a rate of 12.2% per year over the last three years, reaching $5,278 million in FY24, but net profit has decreased from $1,270 million to $125 million [6] - The ROE for MIN is reported at 3.2% [6] - MIN differentiates itself by maintaining in-house engineering and construction capabilities, allowing for greater control and flexibility in product development [4]

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