A 10 million-tonne copper supply gap is forecast to open up through 2035
A 10 million-tonne copper supply gap is forecast to open up through 2035, CRU senior analyst Hamish Sampson has told the World Copper Conference during a session examining factors determining the long-term outlook for copper and the copper price (reports MiningNews).
"[Brownfield] expansions will keep pace with demand until early next decade ... but as demand increases to 22.5Mt by 2025 the gap will be 2.5Mt and then it will quadruple as production from existing operations falls to 15Mt," he said. Last year copper production was 20.9Mt.
The surging iron ore price has sparked renewed investor interest in long-dormant iron ore assets
The surging iron ore price has sparked renewed investor interest in long-dormant iron ore assets, with juniors such as Centaurus Metals (ASX: CTM) well placed to benefit given its ownership of an advanced iron ore development project in Brazil capable of moving into production quickly.
This is the key conclusion of veteran Sydney-based resource analyst Gavin Wendt.
Sydney-based institutional broker Blue Ocean Equities has upgraded its recommendation on copper-zinc developer Venturex Resources (ASX: VXR) to “Top Pick” and lifted its price target for the stock to 70c – a healthy premium to its closing price on Friday of 21.5c.
Blue Ocean analyst Steuart McIntyre – who made some big (and accurate) early calls on stocks like Pilbara Minerals (ASX: PLS) and Dacian Gold (DCN) – said in a new research note released last week that Venturex is pursuing two key opportunities which could “materially enhance” its value proposition.
Construction will start on Australia's biggest lithium ion battery plant in Townsville next year if an Australian-led consortium secures debt funding when it completes a feasibility study at the end of September (reports The Australian Financial Review).
Plus, new research report tips Venturex shares to triple as its copper project gathers momentum
When Rio Tinto (ASX:RIO) finally broke cover in February on its Winu copper-gold discovery in WA’s Paterson province, it made clear that drilling had yet to close off the mineralisation beneath the region’s sand dunes.
The February confirmation contained the first assay results from 14 diamond holes (and partial results from another two) in last year’s drilling program.
After a long period of over-supply, a global diamond shortage may be on the way
After a long period of over-supply, a global diamond shortage may be on the way, says analyst Kieron Hodgson of London-based broker Panmure Gordon (reports Stockhead).
This top-rated analyst believes global diamond production will moderate this year before declining through until 2021.
“We see the potential for the market to briefly encounter a shortfall scenario, possibly as high as 25 million carats, equal to 16 per cent of the current global production base,” Hodgson says.