Two months ago Garimpeiro said he was taken by BHP’s assessment at the time that the supply deficit in copper previously expected to emerge in the final third of the 2020s could well come earlier. What’s more, the supply deficit could be “pronounced’’ in the medium–term (five years). Supply deficits force higher prices, and if they are pronounced, so too is the price response. As it is, we’re getting a taste of what that could mean for copper as the price of the red has taken off to $US4.40/lb mid-week. That is 14% higher than last (calendar) years’ average of $US3.86/lb. That is a meaningful ..read more

What commodity is used in many consumer products and most mining processes and is also a ‘battery mineral’? Stop guessing – the correct answer is lime. The humble calciferous material is used to produce ink, paper, plastics, rubber, sugar, cement and steelmaking and is crucial for soil conditioning and stabilising. Lime’s biggest application is in processing metals from concentrates, so it thus plays an unheralded role in batteries and electrification. Currently most of Australia’s lime needs are serviced by faraway Malaysian, Thai and Vietnamese suppliers. But Mayur Resources (ASX:MRL) is abo ..read more

Every week, Mercedes Maguire rounds up the top-value holidays up for grabs in Australia and beyond. MALAYSIA 6-DAY PACKAGE, $1175 (FOR TWO) Make your tropical island dreams a reality when you check in at the Berjaya Langkawi Resort for five nights from $1175 for two adults twin share – a saving of 11 per cent. The package includes accommodation in a Rainforest Chalet, return private car airport transfers and full breakfast daily. Book by April 30, 2024, and travel in select periods from June 1, 2024, to March 31, 2025. Book now   GOLD COAST 4-DAY PACKAGE, $1199 (FOR TWO) Live it up in fi ..read more

Body+Soul’s articles are dedicated to helping you find the right product at the right price. They may receive revenue from affiliate and advertising partnerships for sharing this content and when you make a purchase. Learn more. Listen to the wind. Farts get a bad rap. Smelly and quiet or window-rattling and odourless – you just never know what you are going to get when you break wind, and frankly, that can be terrifying. In truth, gas is a totally normal part of digestion, and can explain a lot with what’s going on in your gut. Like a crystal ball for your digestive system, the duration and t ..read more

  BHP wants to takeover Anglo American in a $60 billion deal But it’s far from a (cue Miguel voice) Sure Thing, with opposition from rival miners and disdain from Anglo American shareholders to contend with And then there’s the ambivalence of its own shareholders, who helped tank the ASX materials sector today   Rumours BHP (ASX:BHP) was preparing for a major M&A splash that would shake up the entire mining world have done the rounds since 2021, when it reportedly set up a BD division to scour for copper and nickel majors in line with its ‘future facing commodities’ pivot. The ..read more

The ASX slumped by over -1pc, as jitters about delayed rate cuts rattled markets Miner BHP confirmed  $60 billion bid for competitor Anglo American Gold stocks climbed, but all 11 sectors closed in the red   The ASX 200 declined sharply by -1.3% on Friday on diminishing bets the US Fed could cut rates significantly this year. For the week, the benchmark index was down -0.8%. Local stocks reacted to news of a soft US GDP print of just 1.6%, and inflation rate which has increased by 3.4% in Jan-Mar, compared to an increase of 1.8% in the final three months of 2023. “If growth continu ..read more

The ASX 200 is on track to end the week pretty flat after last week’s losses Goldies struggled for traction after bullion prices retreated through the week Who won the Small Caps race? Read on to find out…   The ASX has improved somewhat over the past few days, which isn’t really that much of an achievement considering how poorly things turned out last week. The gains this week have been modest at best, as investors struggled to figure out which way they wanted to jump. The week’s forward momentum was hampered somewhat by news from the bean counters in Canberra, when the ABS revealed th ..read more

Local markets have come back from a day off  about as well rested as you’d expect from Australia’s booziest public holiday, leaving the benchmark heavily exposed to a sell-off on Wall Street overnight. The first 15 minutes of action this morning was pretty gruesome. The ASX 200 fell close to 90 points in very short order, before bumbling along at that level as the morning wore on. I’ll get into more detail on that shortly, but first, to news out of Ohio where one company has come up with the ideal Christmas present for that special someone in your life whose twin passions are owning a dog ..read more

Infinity increases Central Goldfields gold project resource by 2700oz to 63,000oz Rincon now up 80% since uncovering a ‘bullseye’ target earlier this week at its project in the West Arunta region of WA Also up on no news: Celsius (copper, gold), Orion (copper) Here are the biggest small cap resources winners in morning trade, Friday April 26.   INFINITY MINING (ASX:IMI) A cute 2700oz maiden resource at Great Northern, part of the 63,000oz Central Goldfields project, was enough to give IMI a nice share price bump in early trade. IMI is aiming for a resource of 500,000oz across the projec ..read more

Toubani raises $4m via a placement to to carry DFS works, including a resource update, at flagship 2.4Moz Kobada gold project “We are at an exciting juncture in our development”: TRE CEO Phil Russo The offer price of $0.115 per share represents a 14.8% discount to the last closing price   Special Report: Strong investor support will help fuel upcoming technical work streams at the Kobada gold project as Toubani Resources works towards the completion of a definitive feasibility study (DFS). Low-cost gold developer Toubani Resources (ASX:TRE) is focused on defining the development of a bu ..read more