Jonathan Goldberg’s Post

"The goal is simple: to keep it out of Chinese control and prevent the Asian superpower from tightening its grip over the global supply of crucial metals and minerals." "The U.S. doesn’t have a ministry for mining, a sovereign wealth-fund or much of a domestic mining industry. That has put it at a disadvantage with China, which can direct its state-owned enterprises to invest heavily no matter how commodity prices are performing." "We are in a second Cold War,” said TechMet CEO Brian Menell, a South African. “One has to increasingly pick sides. For me it’s never been a moment’s doubt. It is a competition between Western values and dictatorship. ”TechMet owns stakes in lithium, cobalt, nickel, vanadium and rare-earth miners." "The U.S. is in a race with China to get its hands on copper, the increasingly scarce metal seen as key to the energy transition and the AI revolution." https://lnkd.in/echHYvqP

The future of Copper continues to look bright as evidence continues to pile up for a supply-constrained future. Major mining companies are not the only ones competing, as the next US and China government struggle looms. #Copper #SupplyChain #Mining #USChinaStruggle

Occasionally Bloomberg does insightful reporting on Chinese companies. This is one of them and non-Chinese business folk need to get their head around that being a Chinese SOE does not preclude acting like a privately owned company. Think of red blooded capitalism with Chinese characteristics. […] After a three-decade exploration and acquisition blitz, Zijin Mining Group Co. digs up gold, copper and lithium across multiple continents. A state-run company on paper, it has more frequently behaved like a private firm, with relatively few employees and a flexible, risk-tolerant approach to investments that has put it on track to join BHP Group Ltd. this decade among the very top ranks of copper producers. […] #copper #mining #zijin #commodities #metals #lithium #demand

EXCERPTS: After a three-decade exploration and acquisition blitz, Zijin Mining Group Co. digs up gold, copper and lithium across multiple continents. A state-run company on paper, it has more frequently behaved like a private firm, with relatively few employees and a flexible, risk-tolerant approach to investments that has put it on track to join BHP Group Ltd. this decade among the very top ranks of copper producers. Established Western names like Anglo American Plc limited spending over the past decade after the splurges of the last commodities boom, and most have yet to fully loosen the purse strings — but Zijin and peers like CMOC Group Ltd. have pressed ahead through the sector’s wilderness years. The result is that China, long dominant in refining and smelting, has now been able to dramatically expand its access to mined copper.

...."The U.S. doesn’t have a ministry for mining, a sovereign wealth-fund or much of a domestic mining industry. That has put it at a disadvantage with China, which can direct its state-owned enterprises to invest heavily no matter how commodity prices are performing. The U.S. government is limited in how much money it can directly pump into projects of national security. That means it must work with private companies at home and abroad, as well as friendly countries with sovereign-wealth funds, to entice them to invest in assets helpful to national interests. The Wall Street Journal reported last year, for example, that the U.S. and Saudi Arabia have held talks for potential agreements in the Democratic Republic of Congo, under which Saudi Arabia would take stakes in mines and U.S. companies would be guaranteed some of the rights to production. https://lnkd.in/gpwQjWYA

Copper Fox Metals Inc (CUU): Leading the Charge in North America’s Copper Renaissance | Airing on BNN Bloomberg   Global demand for copper is projected to soar by 50% in the next two decades! Copper Fox Metals stands at the forefront of copper exploration in North America, a testament to the enduring value and importance of copper in our daily lives. With a keen focus on resource-rich properties and a portfolio that includes copper, gold, molybdenum, and silver, Copper Fox Metals is not just another exploration company; it is a pioneer paving the way for the future of mining and metal utilization.   Copper Fox Metals has strategically positioned itself with three significant resource properties across North America. Among these, the Van Dyke Project in Arizona shines as a beacon of innovation and economic viability. This In-Situ Recovery (ISR) project exemplifies the company's commitment to employing environmentally responsible extraction methods. As it moves through the pre-feasibility stage, the anticipation grows for what phase two, expected to commence mid-year, will unveil.   (TSX.V: CUU, OTCQX: CPFXF)   Learn More: https://lnkd.in/g_xUTndM   #Copper #Gold #Molybdenum #Silver #CopperStocks #MiningNews #MiningIndustry #StocksinFocus #StocksinNews #StockstoWatch

Latest in our #LMEweek coverage… The world’s fastest growing copper miner that flies largely under the radar. After a three-decade exploration and acquisition blitz, Zijin Mining Group Co. digs up gold, copper and lithium across multiple continents. A state-run company on paper, it has more frequently behaved like a private firm, with relatively few employees and a flexible, risk-tolerant approach to investments that has put it on track to join BHP Group Ltd. this decade among the very top ranks of copper producers. “In the first ten years, we developed gold and copper at Zijinshan. In the second, we expanded across China. And in the past ten years, we’ve turned to global expansion,” the 66-year-old Chen said at the group’s headquarters in Xiamen, a coastal city some three hours’ drive east of the mine that gave the company its name. Established Western names like Anglo American Plc limited spending over the past decade after the splurges of the last commodities boom, and most have yet to fully loosen the purse strings — but Zijin and peers like CMOC Group Ltd. have pressed ahead through the sector’s wilderness years. The result is that China, long dominant in refining and smelting, has now been able to dramatically expand its access to mined copper. Zijin’s production of the metal has more than tripled over the past five years as new operations ramp up in Africa, the Balkans and at home. On an equity basis, it was the sixth-largest copper miner last year. #zijin #copper #mining #commoditytrading https://lnkd.in/eT-za6D7

Copper approached the $10,000 per ton mark, reaching a new peak not seen in two years, driven by investors betting on the challenge miners face to meet the soaring demand for this key industrial metal. Osisko Metals is actively developing two of Canada's leading brownfield sites with historical production - the Gaspé Copper Mine in Murdochville, Quebec, and the Pine Point Mining Camp in the Northwest Territories. This strategic focus occurs as the global market shows optimism for a rebound in manufacturing, potentially increasing demand for these essential industrial metals. Read the full article here: https://lnkd.in/gtCnYeWH

#Copper_Ore Market Latest Trends, Industry Size and Future Prospects 2032 >> https://lnkd.in/g98R3FCE #Copper #ore is any #rock containing copper that can be extracted or #mined for #commercial purposes. In other words, it is the native form of copper found in #nature. Altogether, there are 170 copper ores found in nature, but 17 finds usage on an #industrial scale. BHP, Rio Tinto, Mitsubishi Corporation, Mitsui & Co., Ltd., Glencore, Anglo American, Southern Copper Argentina Srl, Teck Resources Limited, Sumitomo Metal Mining Co., Ltd., Compañía de Minas Buenaventura, CODELCO – Corporación Nacional del Cobre de Chile, Anglo American, Freeport-McMoRan, China Copper Mines