Scott Curley’s Post

Following struggles in earlier months, mining production ended the third quarter on the front foot. Seasonally adjusted real mining production increased by 3.8% month-on-month (m-o-m) in September. This follows an increase of 3.3% (m-o-m) recorded in August. The biggest production increases were recorded in iron ore (+14.5% m-o-m), diamonds (+31.8%) and non-metallic minerals (+16.9%). The latter category includes limestone, sand, cements etc. https://lnkd.in/dhciqgBV

Copper price: What’s in store for 2025. EV and grid-related growth will boost long-term demand, but short-term supply-demand mismatches will cause ongoing volatility in both copper price and treatment and refining charges. Source: MINING.com https://lnkd.in/dZ7RbDQk

Mining Production and Sales for August 2024. Mining South Africa rose by 0.3% in August 2024, led by increases in manganese, PGMs, and chromium ore. However, declines in iron ore and gold production tempered the growth. Mineral sales fell by 9.9% annually, driven by a sharp drop in gold sales. The sector remains crucial for the economy, employing around 457,000 people. Read more: https://lnkd.in/djNixHyj #miningindustry #SouthAfricaEconomy #mining #production #alumacapital

If "interesting" describes the copper story in 2024 so far, then "fascinating" might best capture what lies ahead. The complex interplay between mining production, concentrate supply, smelting capacity, and to some extent, the secondary supply, will keep this market dynamic. Adding to this, the energy transition - while significant - is currently only a small component of the broader copper narrative. The 2025 annual TC/RC benchmark (@21.25$/t/2.125c/lb) is nearly one-fourth of the previous year's level, marking a nominal 30-year low. As TC/RC is the primary revenue source for smelters, the new rates (or the nearby range) will continue to squeeze smelters' margins, creating a battle for survival. Meanwhile, copper producers are experiencing a contrasting trend. Their margins have improved, supported by cost stabilization and relatively healthy - albeit volatile - copper prices. Although the TC/RC represents only a portion of miners' costs, lower values certainly help in improving the margins further. https://lnkd.in/g3aE9cYx

Mexico’s mining production index declined by 2.1% in October but grew by 5.1% year-on-year, according to INEGI. Zinc led production with a 65.1% year-on-year rise, while iron ore pellets experienced an 18.8% drop. Precious metals like silver and gold also saw moderate growth. Despite these trends, mining insiders express caution due to uncertainty surrounding policies like the Mining Law reform.  Explore the latest insights on @Mexico Business News. #MexicoMining #PreciousMetals #MiningProductionMexico #MBNFM https://lnkd.in/eSXAQsiu

📉 Mixed signals in Mexico's mining sector: While mining production declined by 2.1% in October 2024 compared to the previous month, year-on-year growth reached 5.1%. ✨ Precious metals stood out: #Silver surged by 9.6%, with Zacatecas leading the way (+45.7%). #Gold rose by 3.1%, though Sonora, the top gold-producing state, saw a 3.5% decline. In my latest article, I dive into these numbers and the challenges impacting the sector, including policy uncertainty and potential mining bans. Read it on Mexico Business News 💬 What do you think about these trends and their implications? I would love to hear your perspective! #MexicoMining #PreciousMetals #GoldMining

📈📉🤔Commodity prices are cyclical by nature and some key mined commodities have been on a downward path in the previous months. Fear not, with this webinar you’ll get a better understanding of mining majors exposure

S&P Global Report highlights challenges and opportunities for U.S. copper supply amid growing demand #Copper #CopperMiningAndProcessing #Mining #UnitedStates #World https://lnkd.in/dWjVm-8Y

CHARTS: Copper price bulls bring back $10,000 forecasts | MINING.com #copper #mining #metals #energytransition #electrification #investing #investors #resources

https://lnkd.in/dU_aussp South Africa's Mining Momentum Mining production surged by 4.7% year-on-year in September 2024, with standout contributions from: Platinum Group Metals (+6.7%) Iron Ore (+10.0%) Manganese Ore (+13.5%) Chromium Ore (+17.3%) Diamonds (+35.4%) However, coal (-4.4%) and gold (-3.7%) saw decline. Mineral sales shone even brighter, rising 8% year-on-year, led by: Gold (+42.3%) Manganese Ore (+48.8%) Chromium Ore (+19.4%) South Africa’s mining sector continues to showcase resilience and opportunity! #MiningInSouthAfrica #EconomicGrowth #MineralSales #ResourceRich #Nexlog #Freightforwardingcapetown#Freightnews