Australian mineral stocks surge, including a 29% jump for a rare-earths producer, after the Trump-Albanese deal https://t.co/bUdR8WcvOs ...

Core Viewpoint - BHP Group remains optimistic about its iron ore sales despite challenges posed by China's ban on local steelmakers purchasing from the company, indicating a resilient demand for its key commodity this year [1][3]. Group 1: Company Performance - BHP reported a record amount of iron ore mined over the last three months, with full-year production guidance unchanged at 258 million to 269 million tonnes [2][6]. - Sales figures have remained consistent with the previous year, highlighted by a 5% increase in sales of higher-value lump iron ore [6]. - Total copper production increased by 4% to 494,000 tonnes, with full-year guidance also remaining at two million tonnes [6]. Group 2: Market Reaction - Following the news of the China iron ore boycott, BHP's stock initially dropped below $42 but has since recovered, climbing by 5.2% in the last trading week [4][5]. - Investors appear to respond positively to BHP's stance on the situation with China, interpreting the company's comments as a sign of confidence [5]. Group 3: Economic Outlook - BHP's chief, Mike Henry, noted that while a deceleration in growth is expected in the second half of 2025, China's GDP growth is still projected at 5% for the year [4]. - Overall macroeconomic signals for commodity demand are described as resilient, with global growth forecasts improving [3].

Core Viewpoint - BHP Group Ltd reported its production results for the September 2025 quarter, showing mixed performance across its key commodities, which has positively impacted its share price. Production Performance - BHP produced 493.6kt of copper, a decline of 4% quarter on quarter but an increase of 4% year on year, with record concentrator throughput at Escondida [2] - Iron ore production was 64.1mt, down 9% quarter on quarter and down 1% year on year, with the WAIO division achieving record material mined and completing infrastructure upgrades ahead of schedule [3] - Steelmaking coal production reached 4.9mt, down 5% quarter on quarter but up 8% year on year, attributed to strong mining rates at Broadmeadow [4] - Energy coal production was 3.5mt, representing a 13% decline quarter on quarter and a 4% decline year on year [4] Growth Projects - The Jansen potash project in Canada is progressing, with stage 1 at 73% completion and expected to begin production in 2027, while stage 2 is 13% complete [5] - Approval for the environmental impact declaration for the Laguna Seca expansion at Escondida has been received, with plans for a new concentrator submission in the second half of FY26 [6] Market Outlook - The CEO indicated resilient macro-economic signals for commodity demand, with global growth forecasts improving, and expects GDP growth of approximately 5% in China for the year [7] - BHP is on track to meet full-year guidance and is making progress on its growth pipeline across Australia and the Americas [8]

Group 1: Energy Sector Developments - The Canada Energy Regulator (CER) is implementing new exemption orders effective December 1, aimed at simplifying the approval process for "negligible-risk" oil and gas projects, which are defined as projects with existing authorization that do not cover certain additions like storage facilities [3][7] - BHP Group reported a 4% increase in first-quarter copper production, primarily due to an accelerated ramp-up at its Escondida project in Chile, while maintaining steady iron ore output and unchanged full-year guidance [6][7] Group 2: Market Movements and Economic Policies - Japanese equities have reached record highs, with the Nikkei 225 surging 2.9% to 48,970.40, driven by expectations of fiscal expansion under the anticipated premiership of Sanae Takaichi [4][7] - Major U.S. banks, including JPMorgan, Bank of America, and Goldman Sachs, are facing challenges in structuring a $20 billion loan for Argentina, highlighting concerns about the country's economic stability [8][7] Group 3: U.S. Housing Finance and Regulatory Changes - The Trump administration is evaluating a public offering for Fannie Mae and Freddie Mac, potentially by the end of 2025, with the aim of ending their government conservatorship established after the 2008 subprime mortgage crisis [5][7] - In the United Kingdom, Chancellor Rachel Reeves is set to announce regulatory cuts to boost economic growth, which could save businesses billions by streamlining processes [9] Group 4: International Trade and Investment Initiatives - The U.S. is considering new tariffs or restrictions on Nicaragua's benefits under the CAFTA-DR free trade pact due to concerns over human rights abuses, with proposed tariffs potentially reaching up to 100% on imports [10] - The European Investment Bank is seeking critical minerals investments in Australia to diversify supply chains and reduce dependence on single-country suppliers, particularly China [11]

Neil, it's great to have you on and let's start right there. Why are you so bullish on this name if they're not even generating revenue yet. >> Thanks for having me, Meg.Um, what I would say is like when you look at now what gives us the confidence in the trade is that no matter what scenario we run, unless kind of like your previous guest was talking about, unless the US and China go back to the way things were, the government is going to have to nationalize what I think is a wartime effort in these indust ...

Core Insights - South32 reported a 135% increase in its first-quarter manganese output, indicating a strong recovery in operations following the disruptions caused by Tropical Cyclone Megan [1] Company Performance - The significant rise in manganese output reflects the company's effective recovery strategies post-cyclone [1]

Core Viewpoint - Cleveland-Cliffs, Inc. is shifting its strategic focus towards exploring rare earth minerals within its mining operations, which has positively impacted its stock price as investors recognize the potential for diversification and entry into a high-value market segment [1][9]. Rare Earth Supply - The demand for rare earth elements is increasing due to their critical role in advanced manufacturing, electronics, and energy technologies, highlighting the need for supply security in North America [2]. - Recent export restrictions from China on rare earth elements have prompted the U.S. to accelerate efforts to achieve strategic independence in critical minerals [2][3]. Rare Earth Opportunity - CEO Lourenco Goncalves emphasized that Cleveland-Cliffs views rare earths as both an opportunity and a responsibility, with geological surveys identifying two sites in Minnesota and Michigan that show potential for rare earth mineralization [4][5]. - The company is committed to contributing to U.S. independence from foreign sources for essential minerals, leveraging its mining expertise and dedication to domestic supply chains [5]. Production and Viability - Details regarding production timelines and vertical integration remain vague, with the CEO indicating ongoing assessments of the commercial viability of the identified deposits [6][7]. - The company is collaborating with geologists to evaluate the potential of these deposits, with a focus on ensuring that the initiative aligns with federal policies aimed at domestic sourcing of critical materials [8]. Market Reaction - The announcement of Cleveland-Cliffs' strategic direction towards rare earth minerals led to a significant stock price increase, with shares rising by 21.47% to $16.18 [9].

Core Viewpoint - PMET Resources Inc. is set to host a live investor teleconference to discuss the results of the lithium-only Feasibility Study for the Shaakichiuwaanaan Project on October 21, 2025, at 8:00 AM AWST / 11:00 AM AEDT or 8:00 PM EDT on October 20, 2025 [1] Company Overview - PMET Resources Inc. is a hard-rock lithium exploration company focused on its 100%-owned Shaakichiuwaanaan Property located in Quebec, Canada, which is accessible year-round and near regional powerline infrastructure [4] - The Shaakichiuwaanaan Project hosts the world's largest pollucite-hosted caesium pegmatite Mineral Resource, with 0.69 million tonnes at 4.40% Cs2O (Indicated) and 1.70 million tonnes at 2.40% Cs2O (Inferred) [4] - The Project also contains a Consolidated Mineral Resource totaling 108.0 million tonnes at 1.40% Li2O, 0.11% Cs2O, 166 ppm Ta2O5, and 66 ppm Ga (Indicated), and 33.4 million tonnes at 1.33% Li2O, 0.21% Cs2O, 155 ppm Ta2O5, and 65 ppm Ga (Inferred), ranking as the largest lithium pegmatite resource in the Americas and among the top ten globally [4] Investor Engagement - The investor teleconference will feature a presentation by PMET's President and CEO, Ken Brinsden, followed by a Q&A session [2][3] - Analysts, brokers, fund managers, and media can register for the teleconference, while shareholders and retail investors can join the live webcast [3] - A recording of the call and webcast will be made available after the event [3]

Core Insights - Cleveland-Cliffs Inc. is strategically shifting towards automotive-grade steel to strengthen its position in the automotive industry, supported by new contracts with original equipment manufacturers (OEMs) [1][6] - The company reported an earnings per share (EPS) of -$0.45, which was better than the estimated EPS of -$0.48, but faced a revenue shortfall of approximately $4.73 billion, slightly below the estimated $4.79 billion [2][6] - Cleveland-Cliffs is reducing capital expenditures to improve margins and revenue quality, with expectations of a cyclical recovery in steel prices and the conclusion of the ArcelorMittal slab supply contract providing potential upside [3][6] - The company is entering the rare earths mining sector, which has been positively received by the market, indicating a significant pivot in its business strategy and potential for growth and diversification [4][6] Financial Metrics - Cleveland-Cliffs has a price-to-earnings (P/E) ratio of -4.74, indicating negative earnings, and a price-to-sales ratio of 0.42, suggesting the stock is valued at 42 cents for every dollar of sales [5] - The debt-to-equity ratio stands at 1.28, indicating more debt than equity, while a current ratio of 2.04 reflects strong liquidity to cover short-term liabilities [5]

Core Viewpoint - Alcoa Corporation supports the announcement from the United States and Australian governments to develop a gallium plant at its Wagerup alumina refinery in Western Australia, following backing from Japan Australia Gallium Associates Pty Ltd [1] Group 1 - The gallium plant will be co-located at Alcoa's Wagerup alumina refinery [1] - The project has received support from Japan Australia Gallium Associates Pty Ltd, a joint venture between the Japanese Government and Sojitz Corporation [1]