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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]
Paradigm Gold Extends Closing of Non-Brokered Private Placement
Newsfile· 2025-10-14 22:07
Vancouver, British Columbia--(Newsfile Corp. - October 14, 2025) - Paradigm Gold Corporation (TSXV: PDQ) ("Paradigm" or the "Company") has extended the closing of its previously announced non-brokered private placement for a period of 30 days. The Company plans to issue up to 9,000,000 units for total gross proceeds of $1,050,000.The Company will issue up to 6,000,000 flow-through units ("FT Units") at a price of $0.125 per FT Unit to raise $750,000, and issue up to 3,000,000 non-flow-through units ("NFT U ...
Royal Gold (RGLD) Secures Shareholder Approval for Sandstorm and Horizon Acquisitions
Yahoo Finance· 2025-10-14 17:06
Core Insights - Royal Gold, Inc. has received shareholder approval for its acquisitions of Sandstorm Gold Ltd. and Horizon Copper Corp. [1][3] - The acquisitions are expected to close on October 20, pending the satisfaction or waiver of all closing conditions [3]. Group 1: Company Overview - Royal Gold, Inc. is recognized as a leading precious metals streaming and royalty company with a diversified portfolio in attractive mines [4]. - Sandstorm Gold Ltd. is focused on precious metals royalties, while Horizon Copper Corp. holds a strong portfolio of copper assets [3]. Group 2: Acquisition Details - The special meeting of Royal Gold's stockholders resulted in the approval for the issuance of common stock to facilitate the acquisition of Sandstorm Gold Ltd. [1][3]. - Security holders of both Sandstorm Gold and Horizon Copper have agreed to their respective acquisitions by Royal Gold [2].
Freedom Capital Raises Barrick Mining (B) PT, Keeps Buy Rating
Yahoo Finance· 2025-10-14 17:06
Core Viewpoint - Barrick Mining Corporation is transitioning from a pure gold producer to a leader in precious metals and copper, supported by a significant growth pipeline and strategic projects [1][3]. Group 1: Price Target and Ratings - Freedom Capital Markets raised the price target for Barrick Mining Corporation from $20.50 to $42.00 while maintaining a Buy rating [1]. - The firm highlighted a $12 billion growth pipeline that could enable a 30% increase in production by 2030 [1]. Group 2: Upcoming Developments - Important upcoming developments include the Fourmile project approval expected in Q1 2026, which will initiate underground construction [2]. - The Reko Diq and Lumwana expansion projects are planned to start production in 2028, creating a synchronized growth inflection that will enhance production levels and cash flow [3]. Group 3: Company Overview - Barrick Mining Corporation is recognized as a leading mining, exploration, and development company with a strong portfolio of gold and copper assets [3].
Global copper output to grow modestly in 2025, amid supply challenges in Australia and Indonesia
Yahoo Finance· 2025-10-14 12:55
Global Copper Mine Output - Global copper mine output is projected to grow by 2.1% in 2025 to 23.4 million tonnes, up from 22.9 million tonnes in 2024, primarily due to output declines in Australia and Indonesia [1] Regional Contributions to Growth - Zambia is expected to deliver the largest contribution to growth in 2025, with output projected to rise by 19.2% to 937.5 kilotonnes, driven by the turnaround of ZCCM Investment Holdings' Mopani mine [2] - In Mongolia, the ramp-up of the Oyu Tolgoi underground mine will underpin growth and provide significant medium-term contributions [3] - Peru's output is expected to increase to 360-400 kilotonnes in 2025, up from 322.9 kilotonnes in 2024, due to higher output from China Minmetals' Las Bambas complex and the commissioning of the Chalcobamba pit [3] - The DRC's output will rise with capacity expansions at CMOC's Tenke Fungurume and Kisanfu projects, along with progress in the Heshima Hydropower Project [4] - Chile, holding a 23% share of global copper output in 2024, will see a modest 2% increase in output in 2025 as key operations recover [4] Production Challenges - Canada will benefit from improved grades at Teck Resources' Highland Valley Copper mine, but growth will be partially offset by planned lower production in Indonesia and Australia, where combined output is expected to fall from 1.8 million tonnes in 2024 to 1.5 million tonnes in 2025 [5] - In Indonesia, output at PT Freeport Indonesia's Grasberg Block Cave mine is set to decline due to lower ore grades and reduced operating rates, with production disrupted in September 2025 [6]
Copper Quest Amends RIP Cu-Mo Option Agreement and Provides Project Update
Globenewswire· 2025-10-14 12:00
Core Insights - Copper Quest Exploration Inc. has signed an Amended Option Agreement with ArcWest Exploration Inc. for the RIP Copper Project in British Columbia, extending the drilling requirement to December 31, 2026 [1][15] - The 2024 Phase One drilling program has confirmed the presence of a Cu-Mo mineralized porphyry system at the RIP Project, with significant mineralized intersections reported [3][4] Project Overview - The RIP Project is located approximately 33 km northeast of Imperial Metals' Huckleberry mine and is part of the Bulkley Porphyry Belt [1] - The project area has been expanded from 2,308.81 hectares to 4,770.65 hectares through the acquisition of five additional claims [4] Drilling Results - The Phase One drill program revealed extensive Cu-Mo mineralization, with highlights including: - 0.102% CuEq over 126.6 m in drill hole RP24-001 [4][7] - 0.113% CuEq over 114.3 m in drill hole RP24-002 [4][7] - The northern target has been defined as a 600m wide mineralized zone, while the southern target remains untested [3][4] Technical Details - The project is characterized by multiple phases of porphyritic intrusions and associated vein stockwork, indicating a significant porphyry system [5][10] - An airborne magnetic survey in 2024 identified two separate porphyry centers within the project area, enhancing the exploration potential [6] Future Plans - The company plans a minimum 2,000-meter Phase 2 drill program to fulfill the terms of the Option Agreement and secure an initial 60% ownership in the RIP project [15] - The exploration strategy aims to further define the mineralization and assess the potential of the untested southern target [3][4] Industry Context - Global copper demand is increasing due to electrification, electric vehicles, and renewable energy, while supply remains constrained, highlighting the importance of new porphyry discoveries [18]
Codelco Invests in I-Pulse to Unlock Mining Efficiencies
Yahoo Finance· 2025-10-14 11:45
Core Viewpoint - Codelco, the largest copper mining company globally, is investing in I-Pulse, a mining technology firm that utilizes electric pulses for rock crushing, enhancing energy efficiency in mining exploration [1] Group 1: Company Overview - Codelco is recognized as the world's largest copper mining company [1] - I-Pulse was founded by Robert Friedland, who is also the founder of Ivanhoe Mines [1] Group 2: Technology and Innovation - I-Pulse employs electric pulses to crush rocks, which is a more energy-efficient method compared to traditional exploration techniques [1] - The partnership aims to unlock innovations in mining technology [1] Group 3: Leadership and Collaboration - Robert Friedland and Maximo Pacheco, Chairman of Codelco, discussed their business partnership on Bloomberg Television [1] - The collaboration signifies a strategic move towards modernizing mining practices [1]
Commerzbank questions recent surge in copper price given dodgy supply situation
Invezz· 2025-10-14 10:01
The dramatic price increase in the copper market is not as dire as it seems. The copper prices dropped about $500 per ton on Friday after US President Donald Trump threatened to impose additional tar... ...
Capstone Copper Announces up to $360 Million Investment from Orion for 25% Interest in Santo Domingo
Businesswire· 2025-10-13 22:42
VANCOUVER, British Columbia--(BUSINESS WIRE)--Capstone Copper Corp. ("Capstone†or the "Company†) (TSX:CS) (ASX:CSC) is pleased to announce that fund entities managed by Orion Resource Partners LP (collectively, "Orion†) have agreed to acquire a 25% ownership interest in the Santo Domingo Project (the "Project†or "Santo Domingo†) and the Sierra Norte Project ("Sierra Norte†) for total cash consideration of up to $360 million (the "Transaction†). All amounts in US$ unless otherwise indicated. T. ...
3 Copper Stocks Ready to Shine in the Next Metal Supercycle
MarketBeat· 2025-10-13 11:07
Industry Overview - Copper prices have increased by approximately 27% in 2025, indicating a notable trend in the industrial metal market, often referred to as "Dr. Copper" due to its predictive nature regarding economic health [1][2] - The demand for copper is primarily driven by infrastructure needs in the United States, the AI revolution, the necessity to upgrade the electric grid, and the ongoing demand for renewable energy solutions, including electric vehicles [4][5] Supply Constraints - Major copper-producing countries like Chile and Peru are facing supply disruptions, and there is a lack of significant new mining operations to meet the anticipated demand [2] - The combination of rising demand and supply constraints suggests the potential for a super cycle in the copper market, with prices possibly reaching $6 or higher for an extended period [3] Company Analysis: Freeport-McMoRan - Freeport-McMoRan is one of the largest publicly traded copper producers, supplying about 70% of domestically refined copper in the U.S. [4][5] - The company has faced significant operational disruptions in 2025, leading to a reduction in full-year production estimates [5] - Despite a 13% increase in stock price in 2025, it is trading about 6% below analysts' consensus price, indicating potential for a catch-up trade [6] Company Analysis: Southern Copper - Southern Copper has seen a 43% increase in stock price in 2025, but analysts suggest a significant correction may be overdue due to its high valuation [7][8] - The stock currently trades at around 29 times earnings, a premium compared to its historical average of 16 times earnings, raising concerns about future growth potential [8] - The consensus price target for Southern Copper is approximately $109 per share, suggesting a potential dip of around 15% from its recent closing price [9] Investment Vehicle: Global X Copper Miners ETF - The Global X Copper Miners ETF offers a diversified investment option in the copper sector, with only about 17% of its holdings dedicated to copper, while 54% are in precious metals [11][12] - The ETF has increased by over 65% in 2025, and if copper prices continue to rise, the fund may have further upside potential [12]