• Rio’s half-year earnings have slumped to a 5-year low on the back of weaker iron ore prices, meaning shareholders will receive the weakest dividend since 2018, while the company defended its lithium bet (AFR), while Stausholm bowed out with a plea for competitive energy policy settings in Australia (Australian)

• MinRes has shrugged off high capex to offer a rosy view of its strained balance sheet, rounding off a turbulent year (AFR), while locking in iron ore prices as it races to fix a vital hauling route (Australian)

• Copper on the COMEX collapsed ~17%, or about US$1/lb, after the Trump administration spared refined copper from the mooted 50% tariff (MN)

• Albemarle posted a surprise Q2 profit, helped by 24% growth in lithium demand, sending its shares up over 6% after the bell (Reuters)

• Glencore targets US$1B savings by 2026 after copper output dips (Reuters)

• IGO has fully impaired its stake in the Kwinana lithium hydroxide refinery, with MD Ivan Vella saying there is little hope the asset will ever thrive (AFR)

• French miner Eramet reported a sharp decline in first-half results and warned that macroeconomic conditions should remain difficult for the rest of the year, prompting a downward revision to its 2025 production targets (Reuters)

• Helion Energy has started construction on a site for a planned nuclear fusion power plant that will supply power to Microsoft (Reuters)

• Dataroom has suggested investors have told Evolution to reconsider its no-acquisition stance and snap up Greatland after the Andrew Forrest-backed miner’s shares plunged 24% (Australian) see Devils in the Detail below for more

• A Glencore JV is buying into Africa’s biggest oil storage site at a time when the market is bracing for an expected oversupply (Bloomberg)

• Lat66 has received $6m in total consideration for the sale of its interest in the Greater Duchess Copper Gold JV to Carnaby (CNB)

• Capricorn has acquired the Mongers Lake tenement package from Albion for $1.5m, mostly in stock, plus two $750k contingent payments (CMM)

• Sky Metals has undertaken a $6m placement to advance Tallebung (SKY)

• Rio2 announced the receipt of US$50m from Wheaton Precious Metals (RIO.TO)

• So Ravenswood’s recent sale process was called off two months ago without any bids, but we think that’s not the end of the story

• We reckon the wheels are in motion for the asset to transact…

• Rio Tinto’s lowest profit in five years may be Stausholm’s best moment (AFR Chanticleer)

• Five Dams in Tibet - China embarks on the largest energy project ever undertaken (Doomberg)

• Australian mining investment attractiveness takes massive hit (AMEC)

• Zach Dell - Powering the Future (Spotify, Apple) Great listen on learning about the energy grid & financing models for commodity like businesses

• The Coming Asian Boom (Trader Ferg)

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