AGP Executive Report
Last update: 8 hours agoCritical Minerals & Geopolitics: A new “critical minerals” framing argues the 21st-century resource race is now about lithium, copper, nickel and rare earths as clean energy, defence and electronics demand rises. Oil & Energy Security: India’s Rajasthan plans to lift crude output to 80,000 bpd, while West Africa’s WAEP (Dangote-linked) hires three rigs to target 1.6bn barrels in Nigeria. Copper Surge: Copper hit record highs on the LME amid tariff fears, Chile supply worries and US warehouse stockpiling; analysts flag a potential supply gap. Smelting & Concentrate Economics: Minrex says copper smelter capacity is outpacing mine supply, pushing treatment charges negative and boosting demand for gold-silver-rich, high-sulphur concentrate. Battery Metals: Indonesia tightens 2026 nickel ore quotas as El Niño water risks threaten output. Project Moves: Peabody seeks to extend Australia’s Metropolitan coal mine to 2044; Alaska’s NovaMinerals unloads equipment for an antimony processing plant at Port MacKenzie. Security & Shipping: US SEALs cleared Iranian mines in the Strait of Hormuz as South Korea weighs (then delays) a contribution. Market Watch: ASX energy and coal names gained on firmer crude and coal, while copper strength supported mining sentiment.
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