Hot News in this Week
Jun 27, 2025
Kodiak Copper announced its first resource estimates for the MPD copper-gold project in British Columbia, with indicated resources of 56.4 million tonnes at 0.31% copper, 0.14 gram gold, and 1.18 grams silver per tonne, representing 385 million lb. of contained copper, 250,000 oz. gold, and 2.14 million oz. silver, or 522 million lb. of copper-equivalent metals.
Source: www.mining.com
Platinum soared to its highest level since 2014 on Thursday, surging nearly 5% to trade at $1,406 an ounce, fueled by supply concerns and a wave of speculative buying. According to analysts, the recent rally in platinum is being driven by growing market tightness, with signs of increased Chinese investment and jewelry replacement, as well as tight spot markets in London and Zurich due to tariff concerns. Forward prices for platinum are now trading below spot, indicating tight market conditions, and the implied cost of borrowing the metal is high at an annualized rate of around 13% for a one-month lease.
Source: www.mining.com
In a global copper market facing mounting pressure, inventories on the London Metal Exchange (LME) have plummeted by 30% in just one month, leading to a sharp increase in spot copper prices and a rare inversion in standard pricing dynamics, with concerns that U.S. markets could experience a delayed impact if global supply chains remain constrained and the speculative buildup of inventory is not sustained.
Source: www.miningfeeds.com
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