• Xi Jinping pledged to step up China's support to Africa with funding of nearly US$51b (Reuters)

• Goldman Sachs reckons “the copper rally is delayed” as the Chinese property sector weighs on sentiment (MiningNews)

• Up to 300 WA jobs to be cut as Arcadium Lithium announces it will mothball Mt Cattlin mine near Ravensthorpe (West)

• WA jobs at risk as Mt Cattlin mine to be paused by Arcadium (Australian)

• Indonesia sees nickel prices stabilising near current levels, as new plants in the world’s biggest producer offset rising demand (Bloomberg)

• Mineral Resources shares continue their collapse, as an Andrew Ellison-led WA garnet mine exacerbates cash crunch (West)

• Coronado lowers coal forecast and slams Queensland royalty regime (Australian)

• Chinese lithium processors are ratcheting up hedging to offset wild swings, a sign that local futures are gaining traction (Bloomberg)

• South Africa's Harmony Gold increased its dividend on Thursday as its annual profit more than doubled (Reuters)

• ERA shareholders are trying to delay the Rio Tinto-led capital raise (AFR)

• The Australian economy posted its weakest growth since the early 1990s, excluding the pandemic period (WSJ)

• Chalice insists it can survive tough price cycles between a sturdy cash balance and a potential partnership with Mitsubishi (MiningNews)

• Perseus increased its stake in Predictive to 19.9%, unwinding the previously announced cash equity swap position (PRU)

• Chile’s Codelco reportedly made a US$500m offer to buy a 10% stake in Teck’s QB (Bloomberg)

• Base Resources shareholders have voted in favour of the scheme to be taken over by Energy Fuels (BSE)

• The US is set to block Nippon Steel’s takeover of US Steel after it concluded that the US$15b transaction posed a national security risk (FT)

• First Majestic is acquiring Gatos Silver for US$970m in an all-scrip deal at a 16% premium (AG.NYSE) Gatos’ has a 70% interest in the Cerro Los Gatos underground silver mine in Mexico

• Woodside priced a US$2b bond offering. It consists of US$1.25b of 10-year bonds with a coupon of 5.1% & US$0.75b of 30-year bonds with a coupon of 5.7% (WDS)

• Arafura completed tranche 2 of their $20m raise, securing $5.8m (ARU)

• Galan is in a trading halt pending a capital raise (GLN)

There have been some fascinating commodity price calls rolled out of the sell-side in the last week:

• UBS analysts visited four Zimbabwe lithium mines and subsequently downgraded their price forecasts after determining that supply “is here to stay” (Twitter)

• Goldman Sachs slashed its 2025 copper price forecast by US$5,000/tonne (to US$10,100/tonne) and says gold is its preferred commodity exposure (Bloomberg)

• Why Howard Marks says you’re making a big mistake (AFR’s Chanticleer)

• Government ministers must play by the rules in approving mines (Australian op-ed)

• Dirty Business: How Mining Made Australia (YouTube doco)

• China’s Xi Jinping courts African leaders to ward off geopolitical rivals (FT)

• These Ancient Mines Transformed Prehistoric Europe (YouTube)

• How much water does nuclear really need? (AFR)

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