#数据 中国10月份稀土磁铁出口5473吨，环比下降5.2%，连续第二个月下降，对美国的出口量却环比飙升56.1%至1月份以来最高水平。10月中国稀土磁铁出口量排名前五的目的地分别是德国、美国、韩国、越南和印度。 https://t.co/ZMysJYKFNV ...

Chilean lithium producer SQM delivered the highest quarterly earnings in two years while signaling the global battery-metal market may finally be emerging from a prolonged glut https://t.co/McJBwsruxR ...

Chinese zinc producers are ramping up exports after a global supply squeeze opened a rare window for overseas sales https://t.co/Md6feRjI1l ...

Figure 11 Green Bay Mineral Resource contained gold sensitivity to cut-off grade by Mineral Resource category. Figure 12 Long section of the Ming Deposit MRE extent and new drilling completed since the previous October 2024 MRE. The MRE remains open and geophysical DHEM conductors indicate the mineralisation likely continues down plunge. Red wireframe is the FWZ mineralisation envelope and gold wireframes are the upper high-grade copper-gold VMS zones. Red on drillholes are assays >0.5% copper. Fig ...

The world's top aluminum producer is imposing surcharges on shipments it sells to the US, a move that threatens to further disrupt a North American market already roiled by import tariffs that are driving up costs for consumers https://t.co/UAxUh68Lwp ...

Indonesia plans to start charging duties on exports of gold as soon as this month to capitalize on the precious metal’s meteoric price rally this year and encourage domestic processing https://t.co/l0dJ8RCNDm ...

With a new rare-earths plant in Estonia, Europe is trying to secure a foothold in a supply chain dominated by China. But the factory won’t produce enough to break its dependence on Beijing. https://t.co/sQH9rWlGJ8 ...

With a new rare-earths plant in Estonia, Europe is trying to secure a foothold in a supply chain dominated by China. But the factory won’t produce enough to break its dependence on Beijing. https://t.co/7GjmPFgK8A ...

Core Viewpoint - The article compares two metals companies, Rio Tinto and The Metals Company, highlighting their differences in size, market cap, and investment potential, with Rio Tinto being the more favorable option for investors interested in "buying the dip" [1][2]. Company Overview - Rio Tinto is a well-established mining company founded in 1873, with a market cap of $114 billion, primarily mining commodity metals such as iron ore, aluminum, copper, and lithium [3]. - The Metals Company, a newer entity founded in 2021, focuses on polymetallic nodules found in the Pacific Ocean, with a market cap of $2.5 billion [1][4]. Stock Performance - Both companies are trading significantly below their highs, with Rio Tinto down 25% from its pandemic-era high and The Metals Company down 30% from its recent high in October 2025 [2]. - Rio Tinto's stock price surged in 2021 due to high global demand for iron ore, with spot prices rising from approximately $90/metric ton to $214/metric ton, but later declined due to reduced demand from China [5]. - The Metals Company's stock spiked recently due to anticipated benefits from China's export controls on rare-earth metals, but has since declined as optimism about a deal to maintain the rare-earth supply chain emerged [6][9]. Financial Metrics - Rio Tinto's current stock price is $70.63, with a market cap of $89 billion, a gross margin of 24.28%, and a dividend yield of 0.05% [6]. - The Metals Company's current stock price is $5.08, with a market cap of $2 billion and a gross margin of 0.00% [8]. Investment Outlook - The Metals Company has seen a significant increase of over 425% in its stock price this year, but it does not expect to begin commercial operations until Q4 2027, with full scaling not anticipated until 2043 [9]. - Rio Tinto offers a more immediate return on investment through its dividend policy, which has historically provided generous yields, even during periods of low iron ore prices [10][11]. - Given Rio Tinto's established position in the industry and its shareholder-friendly policies, it is viewed as a better investment compared to the speculative nature of The Metals Company [12].

Financial Performance - The company reported a net income of $1,676 for the quarter ended September 30, 2025, compared to a net loss of $0.6 million for the same period in 2024, primarily due to administration expenses offset by foreign currency gains and interest income [1] - For the nine-month period ended September 30, 2025, the company recorded a net loss of $2.0 million, an increase from a net loss of $1.6 million for the same period in the prior year [2] Exploration and Development Costs - Capitalized exploration and development costs for the Tamarack Nickel-Copper-Cobalt Project for the quarter ended September 30, 2025, amounted to $5.6 million, resulting from exploration and development costs of $7.4 million, offset by government grants of $1.8 million [3] - In comparison, for the same quarter in 2024, the capitalized costs resulted in a credit of $3.7 million, primarily due to a sale of a royalty for net proceeds of $10.5 million and government grants of $0.7 million [3] - The total capitalized cost to the Tamarack Nickel-Copper-Cobalt Project as of September 30, 2025, is $240.8 million [3] Company Overview - Talon Metals Corp. is a TSX-listed base metals company in a joint venture with Rio Tinto on the Tamarack Nickel-Copper-Cobalt Project located in central Minnesota [5] - The company has an earn-in right to acquire up to 60% of the Tamarack Nickel Project and currently owns 51% [5] - Talon has received significant funding, including a $114.8 million grant from the US Department of Energy and a $20.6 million grant from the US Department of Defense to support exploration efforts [5]