• Iron ore crumbled below US$100/t as a policy meeting in China failed to deliver major stimulus, while supplies stayed strong (Bloomberg) The last thing MinRes will wanna see

• Zambia’s annual copper production will grow more than 40% to 1Mt in 2027, according to the country’s Finance Ministry (Bloomberg)

• Aluminium producer Norsk Hydro posted an 18% fall in second-quarter core profit to US$533m on lower production (Reuters)

• Kumba Iron Ore said private investors could help fix South Africa's failing rail network as it struggles getting products to ports (Reuters)

• Lynas said the Albanese government should contribute funding to a chemical plant that would supply sulphuric acid (AFR)

• Woodside revealed a $US500m cost hike at Scarborough LNG, with analysts predicting further budget pressure (The Australian)

• Spartan shares surge on Dalgaranga resource upgrade (CB)

• Low market prices for its key products are keeping a lid on revenue for Lynas as it ramps up commissioning (West)

• The first hearing date is set in a class action against Rio for historical environmental & social damage from the Bougainville mine (Reuters)

• Sev.en announced it had produced its first SOP from the Lake Way operation it picked up from defunct SO4 (West) Fortunately the family office won’t have to share cost details. It’s likely only in The West because they want to sell the money sink!

• Botswana’s government will encourage new mining ventures to offer citizens the right to buy as much as 24% of projects (Bloomberg)

• Simon Lawson said Ramelius are “in a bit of a jam”, while talking down a takeover as Spartan may no longer be in RMS’ wheelhouse (West)

• Amplats is evaluating a secondary listing in London to broaden its investor appeal after it’s spun off from Anglo (Bloomberg)

• Meteoric in trading halt pending a capital raise (MEI)

• Arafura are in a trading halt pending a capital raise (ARU, AFR)

• VHM raising $4.5m via an insto placement and SPP (VHM)

• Remember the conjecture about a tie-up of Gold Road and Regis in two separate Dataroom articles over the last month? (see here and here)

• Well one theory put to us in the last few days is that the story was planted to ‘kick into gear’ a different party…?

• Tribeca has written about their research into the growth of India and what it means for key metals like copper (Tribeca)

• Recharge’s July show is out, taking the temperature on DLE progress, battery markets and EV subsidies (Apple, Spotify)

• French auto parts supplier OPmobility said carmakers are reviving plans for ICE cars amid slower-than-expected EV demand (Bloomberg)

• South32 downgrade nicely timed for chief’s bonuses (AFR)

• What is a hurdle rate, and why do companies use them? (Capital Gains)

• Here’s a quick primer on the state of the chrome market, dominated by South African exports and Chinese imports (MW)

• Gold Production and the Global Energy Transition (Trench et al)

• In search of the elusive green nickel premium (Reuters op-ed by Andy Home)

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