• Donald Trump said Israel and Iran have agreed to a ceasefire (AFR)

• Australia’s peak mining lobby said unfavourable policy settings are coming to the fore after a $14.6B plunge in royalties & taxes collected from the sector (Australian)

• The prospect of all-out war in the Middle East has turbocharged a rally across commodity markets this year, with traders seeing the best returns since Russia’s invasion of Ukraine in 2022 (AFR)

• A copper market squeeze is unfolding on the LME, driven by rapidly declining inventories, forcing up spot prices to a $280/t premium to 3-month futures (Bloomberg)

• Malian tax officials have reopened Barrick Mining's office in the capital under a court-appointed administrator (Reuters)

• Germany & Italy are facing calls to move their US$245B in gold out of New York following Trump’s repeated attacks on the Fed and increasing geopolitical turbulence (FT)

• New York state is planning to build a nuclear power plant to meet growing demand for energy, with at least 1 gigawatt of nuclear capacity ordered (Bloomberg) Is this the first new reactor proposed in the US this cycle?

• Cobalt futures prices in China surged 9% to levels last seen mid-March on Monday after the DRC extended its concentrate export ban (Mining.com)

• New World confirmed yesterday that it has received an unsolicited, non-binding, conditional proposal from Kinterra of 5.7c per share (NWC)

• Develop Global is in a trading halt to raise capital (DVP)

• AIC Mines wrapped up a $55m raising (A1M)

• Bannerman is in trading halt to raise capital (BMN)

• Vizsla Silver announced a US$100m bought deal financing to advance Panuco (VZLA.TO)

• Great Boulder wrapped up a $12.5m placement (GBR)

• New Murchison is in suspension whilst it seeks $15m via a placement at 1.7c (NMG)

• GBM will set out to raise $13m via a placement (GBZ)

• Victory Metals received a letter of commitment from the Saudi sovereign wealth fund for US$10m (VTM)

• Remember the PE entity, “Hyperion”, which launched last year with a bit of a song and dance, backed by Elliott and to be led by ex-Newcrest chief, Sandeep Biswas?

• So this is old news to those inside the mining PE world, but it’s news to us. Hyperion has been wound down before it ever got going.

• Luxury Perth tower’s sky-high views require R rating at Ritz-Carlton (AFR’s Rear Window)

• Tributes flow for late mining boss Reinhold Schmidt (AFR) Leader of the bid that he dubbed “Project Let’s F--- Them Up”, to acquire Rio’s best NSW coal assets

• Australian miners & smelters call for state aid during energy transition (FT)

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