Heading &

Ukraine is not the only “powder keg” at risk of exploding. The same is being said of two CLANC metals, nickel and aluminium, where prices are poised to blow-up.

Liontown Resources will supply Tesla with more 100,000 tonnes of lithium spodumene concentrate a year in the West Australian mine’s second major contract in two months (reports The Australian Financial Review).

Mincor Resources has delivered first nickel ore to BHP’s Kambalda concentrator as part of a restart of its operations (reports The West Australian).

Auteco Minerals has claimed its 70%-owned Pickle Crow project in eastern Canada’s Superior Basin now stands in the rankings as one of the 10 best gold projects across North America or Australia (reports MiningNews).

A perfect storm of supportive macroeconomic conditions coinciding with tight supply and booming demand means the opportunity to buy commodities has rarely been better, Goldman Sachs has declared (reports The Australian Financial Review).

Alkane Resources has sold the majority of its stake in Genesis Minerals (reports MiningNews).

BHP chief executive Mike Henry says the mining giant will benefit from a permanent shift to higher inflation because it will be positive for commodities and the company is a world beater on costs (reports The West Australian).

Expected demand for silver this year is “exceptionally promising” and forecast to grow by 8% to 1.112 billion ounces, according to The Silver Institute (reports MiningNews).

Deal with global giant comes as Cameco fuels uranium bulls with decision to restart two mines. Plus, Coda’s corporate action puts spotlight on its upside and Caspin likens its find to Chalice’s Gonneville

If you have ever wondered what the early stages of a commodities boom looks like, consider three comments made this week... “We’re out of everything.” - Jeff Currie, head of commodities research at Goldman Sachs. “No stopping the commodities freight train.” - U.S. investment bank, Jefferies. “Supply chains strung like piano wire.” - Paul House, chief executive of mining technology provider, Imdex.