• Hedge funds smell blood and double down on short-selling MinRes, topping over 10% (AFR’s Chanticleer)

• Copper climbed to its highest level since mid-July as metals rallied on the Fed’s rate cut, reaching US$9,477/t (Bloomberg)

• Bank of America warned that iron ore prices could fall below $US80 a tonne, which is a key level that would force a fresh wave of shutdowns (AFR)

• Oil advanced to US$75/b as a risk-on tone swept across wider financial markets (Bloomberg)

• South Korea's President Yoon is confident the Czech nuclear plant deal will be completed despite legal concerns (Reuters)

• The Mining & Energy Union was hit with a $35k fine over signs & verbal abuse of non-union workers during the 2017 Oaky North industrial action (Australian)

• Chinese overcapacity is crushing the global steel industry, despite socking up most production domestically (Economist)

• Lithium majors climb despite caution by UBS, Morgan Stanley (CB)

• The Bank of England has held fire on rate cuts after Fed’s bazooka round (AFR)

• Roger Cook said not all businesses will be happy with his government’s decision to ease gas export restrictions, but said it was the right move (BN)

• The US has moved closer to greenlighting Ioneer’s Nevada lithium mine (Mining.com)

• WA opens narrow window for onshore gas exports, allowing producers to sell 20% of their gas to export markets (AFR)

• Monadelphous shares lift as contract wins impress analysts (CB)

• The Perth Mint operator posted a $11m loss for the financial year, citing the bill for its anti-money laundering remediation program (BN)

• The Future Fund revealed it voted against Woodside’s climate strategy (AFR)

• Nuclear power revival unites Japan’s Prime Minister contenders (Bloomberg)

• WA mining pioneer Mark Creasy has proposed a rescue bid for collapsed ASX-listed gold miner Calidus (BN)

• Korea Zinc jumped to a record on speculation PE firm MBK Partners will raise its offer to gain control of the world’s biggest zinc refiner (Bloomberg)

• The copper M&A frenzy is masking the big miners’ hesitation to build (Bloomberg)

• Titan Minerals has entered a JV and earn-in deal with a Hancock subsidiary for its Linderos copper project in Ecuador. Rinehart can earn up to 80% by spending US$120 million (Mining.com.au)

• Astron received FIRB approval for Energy Fuels’ investment in the JV to jointly develop the Donald minerals sands and rare earth project (ATR)

• Develop is raising $10 million via a placement to existing shareholders to cover the cash component of the milestone payment to Orion (DVP)

• Bowen Coking Coal dropped a presentation last night we imagine they will be using in their bid to raise $25 million per the condition of the renegotiated debt terms (BCB)

• Australian Vanadium has received a non-binding letter of interest from the Export-Import Bank of the United States for up to US$31 million in debt financing (AVL)

• CZR Resources facing the perpetual FIRB extension loop for trying to sell their Robe Mesa iron ore project to Miracle Iron. The deal was announced over 9 months ago and FIRB still hasn’t made a determination, they simply just keep extending the deadline. They did the same thing back in 2020 (anyone else remember Alto / Goldsea?)

• And if this is the current state of FIRB approvals then what do we really think the probability would be of FIRB approving a Yancoal acquisition of Anglo’s Queensland coal portfolio? Something to think about…

• Chris Ellison defends nepotism at MinRes (AFR’s Read Window)

• What Is the Circular Economy and Where Does It Lead? (Bloomberg)

• Six points that Peter Dutton’s nuclear plan has to answer (AFR op-ed)

• Why the hype for hybrid cars will not last (Economist)

• Fortescue v Element Zero: Ex-employees sued for alleged IP theft speak out (West)

• Energy minister Chris Bowen doesn’t think hybrids offer a real advance in the transition to EVs. Drivers disagree (AFR op-ed)

• Why gold has outperformed gold miners (Livewire)

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