• Greenbushes full year 2023 numbers underline its number one status as JV partners Albemarle, IGO & Tianqi rake in a combined $6.3b profit (AFR)

• The copper market has entered its biggest contango position (in LME history) as traders bet on 3-month price appreciation (FT)

• Mineral Resources aim for lithium price transparency by following Pilbara Minerals & Albemarle and selling spodumene via a digital exchange (AFR)

• Iron ore prices hit 10-month low putting pressure on ASX’s mining majors (AFR)

• Extreme flooding in Kazakhstan over the last few days (Times CA) raises questions on Kazatomprom’s ability to meet U₃O₈ production guidance

• Nigeria looks to follow the likes of Indonesia by banning the export of unprocessed ore (Reuters)

• How Indonesia’s 2009 decision to ban nickel exports saw it go from a minnow to upending the global nickel industry, now accounting for greater than 50% of supply (The Australian)

• A mild winter is limiting access for Rio Tinto, Burgundy Mines & De Beers in Canada’s diamond mining industry (Mining.com)

• Tianqi & Ganfeng look for exploration and mining partners, with a particular focus on Argentina (Bloomberg)

• First Quantum execs got a pay bump despite 62% stock decline and Cobre Panama drama (Globe & Mail)

• Hammer Metals is selling 70% of Mt Hope to Carnaby for $20m (HMX Announcement)

• Winsome Resources in trading halt regarding a corporate asset acquisition

• Olive Downs is up for grabs from Pembroke and Denham, the QLD coking coal asset is rumoured to be worth ~$1b (AFR)

• The Fumble in the Jungle escalates - Sierra Rutile’s board knocks back PRM’s hostile offer as ‘Inadequate’ (The West Australian) - finally some press!

• Nickel Industries increases interest in ENC HPAL Project to 27.5% (NIC Announcement)

• Nick Bolton runs activist 249D board tilt at Vintage Energy (The Australian)

• MMA Offshore shareholder speaks out against takeover bid by Cyan Renewables (AFR)

• Kingston Resources completes $8.1m Placement component of a total $13.5m capital raising for Cobar mining (KSN Announcement)

• Southern Cross Gold in Trading Halt pending a capital raise

• Future Battery Metals raised $6m for Coolgardie tie-up (AFR)

• Now that Karora’s merger negotiations with Ramelius have ceased, they’re in exclusivity with a new third party (Karora Release). We think the most likely candidate here is Westgold. But we wouldn’t discount a tie-up with Pantoro either given regional synergies. An absolute wild card could be Spartan too.

• The rise of Chinese EV-maker BYD (YouTube)

• What’s the next 50 years of oil demand/supply going to look like? (The Economist)

• The rapid growth of Hyundai and Kia in the USA auto market (Axios)

“Holy Snappin’ Duckshit”

Definition: An extreme superlative before detailing an unthinkable addition to what is already known

“If you think that’s all we’ve got here, well holy snappin’ duckshit, wait till you hear this bit”

Disclaimer

All information in this newsletter is for education and entertainment purposes only and is of general nature only. The hosts of Money of Mine are not financial professionals. Money of Mine are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional, along with considering any relevant Product Disclosure Statement. Money of Mine does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. Money of Mine strives to ensure the accuracy and currency of the information contained in this newsletter but we do not make any representation or warranty that it is accurate, reliable or up to date. Any views expressed by the hosts of Money of Mine are their opinion only and may contain forward looking statements that may not eventuate. Money of Mine will not accept any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of information in this newsletter.