The Trump administration is set to use a Pentagon-developed AI platform to help set reference prices for critical minerals, as part of plans to build a US aligned global metals trading zone.
The pricing benchmarks would be generated by the US DoD’s Open Price Exploration for National Security, or “OPEN”, AI metals program. The program will initially focus on germanium, gallium, antimony and tungsten, before expanding to other minerals.
The move signals a more active US role in shaping pricing for strategically important supply chains, with data inputs expected to include sources such as S&P Global.
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Market Highlights
ASX 200 futures are pointing up 62 points or 0.7 per cent to 9043.
All US prices near 2.25pm New York time.
- AUD +0.04% to US70.58¢
- Bitcoin -1% to $US64,301
- On Wall St: Dow +0.8% S&P +0.7% Nasdaq +1%
- VIX -1.41 to 19.60
- Gold -1.5% to $US5149.38 an ounce
- Brent oil -1.1% to $US70.72 a barrel
- Iron ore +0.8% to $US96.65 a tonne
- 10-year yield: US 4.03% Australia 4.69%
Across Markets…
Australian shares are poised to advance, tracking a tech recovery in New York as a sell-off triggered by yet more concerns about AI disrupting a wider range of sectors reversed, somewhat.
ASX 200 futures were pointing up 62 points or 0.7 per cent to 9043 near 6.30am AEDT. The S&P 500 was 0.7 per cent higher, with consumer discretionary and industrials leading eight of the benchmark’s 11 industry sectors higher.
Anthropic said it’s new AI tools are being developed with partners to help them customise their specific software, not to replace it, bolstering a view that the sell-off has been too harsh. It also countered a viral blog post from the previous day.
Separately, and positively for tech, Advanced Micro Devices was 8.6 per cent higher at 2.30pm after agreeing to sell billions of dollars worth of AI-related equipment to Meta Platforms. The deal is similar to one AMD secured with OpenAI in October. Meta edged up 0.1 per cent.
After crashing the previous session, shares in IBM recovered 2.7 per cent. Apple’s 2.3 per cent advance paced six of magnificent seven higher; Alphabet lagged.
Source: AFR
Tin developers eye path to production with tight supply and high prices
- Tin developers beginning to get serious about progressing new mines
- Prices for the base metal hit record highs in January
- Miners see limited options to bring on new supply as demand from electrification and technology rises
Tin developers are putting their money where their mouths are, leaping on a boom in global tin prices to prepare the next generation of projects for development.
More than 40 years on from the collapse of the International Tin Council, a market disaster that shuttered entire industries in countries like Bolivia and put the kibosh on new mine builds for decades, prices are now at levels that can support new entrants to the market.
With around 50% of tin production heading into the solder that glues together electronic circuit boards, it’s become a critical metal for future-facing industries such as AI, data centres and electric vehicles.
The centrality of tin to the global tech and geopolitical landscape was underlined by a recent US$225m non-binding letter of interest for Britain’s Cornish Metals, to part finance its planned 4700tpa South Crofty project in the UK.
“ITA is pleased to see continued interest from state-backed funding sources in future tin supply,” the International Tin Association said after the news dropped.
“Following years of under-investment, and tin’s strong position as an energy transition metal, the market is set to experience prolonged deficits without urgent investment in supply.”
Tin’s renewed position as a strategic commodity adds another layer to a price run that has seen the ‘spice metal’ – so named because it appears in virtually everything – become one of the hottest plays in mining.
While precious metals and copper have stolen the headlines, tin has also reached record highs, rising close to US$57,000/t in January before pulling back to US$46,500/t after the China Nonferrous Metals Industry Association branded the speculative rally “unreasonable”.
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Source: Stockhead
Company: Fin Resources Ltd (ASX:FIN)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.0065
Performance Since Entry: +85%
Company: Eden Innovations (ASX:EDE)
Sector: Construction/Clean Energy
Deal Type: Shortfall
Latest Entry Price: $0.035 with 1:2 option, strike $0.07
Price Performance Since Entry: +400%
Company: Tasman Resources Ltd (ASX:TAS)
Sector: Gold/Silver/Mining
Deal Type: Placement
Latest Entry Price: $0.0125 with 1:2 option, strike $0.02
Price Performance Since Entry: +444%
Company: Locksley Resources Ltd (ASX:LKY)
Sector: REE & Antimony/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Price Performance Since Entry: +300%
Company: CuFe Ltd (ASX:CUF)
Sector: Copper/Mining
Deal Type: Placement
Latest Entry Price: $0.016 with 1:2 option, strike $0.025
Price Performance Since Entry: +194%
Company: Tambourah Metals Ltd (ASX:TMB)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Price Performance Since Entry: +55%
Company: Biotron Ltd (ASX:BIT)
Sector: Biotech
Deal Type: Placement
Latest Entry Price: $0.003 with 1:2 option, strike $0.02
Price Performance Since Entry: 0%
Company: Eclipse Metals Ltd (ASX:EPM)
Sector: REE
Deal Type: Placement
Latest Entry Price: $0.015
Price Performance Since Entry: +40%
Company: Neuren Pharmaceuticals Ltd (ASX:NEU)
Sector: Biotech
Deal Type: On-market purchase
Latest Entry Price: $1.20 – $1.50
Price Performance Since Entry: +1,104%
Company: Dimerix Ltd (ASX:DXB)
Sector: Biotech
Deal Type: Rights Issue
Raise Amount: $800,000
Latest Entry Price: $0.08 with 1:1 option, strike $0.126
Price Performance Since Entry: $0.505 +456%
Company: Noviqtech Ltd (ASX:NVQ)
Sector: Blockchain
Deal Type: Placement
Raise Amount: $1M
Latest Entry Price: $0.02 with 1:1 option $0.08 strike
Price Performance Since Entry: +35%
Company: Critica Limited (ASX:CRI)
Sector: REE
Deal Type: Placement
Raise Amount: $1M
Latest Entry Price: $0.0075 with a 1:1 CRIO
Price Performance Since Entry: +260%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.09 with 1:2 PL3O
Price Performance Since Entry: +39%
Company: Kalgoorlie Gold Mining Limited. (ASX:KAL)
Sector: Gold/Mining
Deal Type: Placement
Raise Amount: $2.3M
Latest Entry Price: $0.026 with 1:2 option $0.032 strike
Price Performance Since Entry: +73%
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