shane mc

China revealed their 15th Five-Year Plan - $560T investment into a new power system (+40%) - Large-scale wind and solar expansion - Increased stockpiling of critical minerals - Rapid battery storage buildout As the world’s largest commodity consumer, China effectively sets the tone for global demand. This plan adds another major demand driver into an already tight supply environment, while the US is simultaneously competing for access to the same critical minerals. The result is increasing pressure on already constrained commodity markets

Post panic buying vols, Aus Govt finally cuts (by only HALF), the Fuel excise.

We're halving the fuel tax for three months to save you money when you fill up. Conflict overseas is pushing up prices at home. And we know Australians are feeling the pressure.

The cost of leaching copper oxide ore in the Central African Copperbelt is about to get even more expensive. In the past few days a number of Middle Eastern Oil refineries have been attacked / closed. In addition, exports through the Strait of Hormuz have ground to a halt. What has this got to do with leaching copper in one of the world’s largest copper belts ? Sulphur, or more specifically sulphuric acid. Approximately, 50% of seaborne sulphur is shipped through the Strait of Hormuz. The central African Copperbelt imports around 2 million tonnes of this sulphur per annum. The sulphur is used in local sulphur burners to convert into sulphuric acid, which is used by mining companies for leaching copper out of copper oxide ores. One part of sulphur makes 3 parts of liquid high-strength sulphuric acid. Therefore, 2.0 million tonnes of sulphur produces approximately 6.0 million tonnes of sulphuric acid. The price of high-strength sulphuric in Kolwezi, on the western edge of the DRC Copperbelt, has been trading near all-time highs of $700-$800/tonne for the past 4-5 months, due to regional export restrictions, higher copper prices, as well as an already tight global sulphur market. This price will rise further. In addition to the 6.0 million tonnes of sulphuric acid produced from imported sulphur, 2.5 million tonnes of sulphuric acid is generated by regional smelters that smelt copper concentrates. Ivanhoe Mines’ Kamoa-Kakula has just started ramping up its copper smelter near Kolwezi. Once fully ramped-up later this year, our smelter will produce over 700,000 tonnes per annum of sulphuric acid… in the past 2 months the smelter has already ramped up to a capacity of 60%. This is an absolutely critical time to be ramping up our copper smelter, which is of the highest strategic importance to the Democratic Republic of the Congo.

Making a list of companies trading well below recent (large) cap raises… 1. $CAY.AX raised A$200m (FDMCAP A$450m) at 26c, now 17c.. a 35% discount on a raise done 6wks ago 2. $TRE.AX raised A$400m.. chunk being equity at 40cps, trades 27cps or 33% discount on a raise done 4wks ago Any others??

⚡🇺🇸 The United States is preparing to deploy elements of the 82nd Airborne Division to the Middle East region -CBS

How to not fix a physical shortage problem…. Unfortunately you cannot print yourself out of a physical shortage.. it has the opposite effect