Trump & Metals

Wed, 16 Apr 2025 01:48:00 -0000

It’s been three weeks since President Trump announced his Immediate Measures to Increase American Mineral Production

Trump’s Immediate Measures to Increase American Mineral Production

Within a month we should supposedly get a list of priority projects “that can be immediately approved or for which permits can be immediately issued, and take all necessary or appropriate actions within the… https://t.co/sY4JxkzQKo
— MasterMetals (@MasterMetals) March 21, 2025

Today he issued an Executive Order dealing specifically with Critical Metals.

$BHP - Q3 2025 Activities Report

Thu, 17 Apr 2025 16:10:00 -0000

Copper production: 1.5MM T, +10%, Escondida +20%

Iron Ore production unchanged

It's been a rough year for BHP, like all base metal miners, let's see if fortunes change…

CEO expects "limited direct impact of tariffs" but

Golden Start of the Year

Thu, 01 May 2025 02:21:00 -0000

It’s been Gold’s year! 28 New All-Time Highs so far this year!

YTD it’s Up $675.80 or 25.70%.

Front Month Comex Gold for May delivery finished at $3305/oz., a gain of $182.20, or 5.83% this month.

After hitting its All-Time High of $3500/oz. on April 22nd, it’s only down 2.97%.

Up 43.76% from its 52-week low of $2299.00 hit Friday, May 3, 2024.

Will it be Sell in May and Go Away? Let’s see what May has in store for Gold— a little consolidation would do it some good before charging ahead again…

____________________________________________________

MasterMetals

@MasterMetals

What ASX African Explorers Look Interesting?

Tue, 13 May 2025 01:29:00 -0000

After Montage Gold’s $MAU.TO latest Aussie-listed African investments, what Other ASX African explorers look interesting?

Platinum: Another year, another deficit—but when will the price move?! WPIC Q1 ‘25

Mon, 19 May 2025 23:31:00 -0000

Q1 2025 Snapshot

· Q1 2025 Supply: 1,458 koz (down 10% year-on-year)

· Q1 2025 Demand: 2,274 koz (up 10% year-on-year)

· Q1 2025 Deficit: 816 koz (largest quarterly deficit in six years)[¹]

Platinum Market Deficit Deepens in 2025

The platinum market is heading for its third straight annual deficit in 2025, with the World Platinum Investment Council (WPIC) forecasting a shortfall of 966,000 ounces (koz), or 12% of total demand. This deepening deficit is driven by both falling supply and resilient demand, despite global economic and trade uncertainties^[1].

Platinum Supply, Demand, and Balance: Q1 2024 vs Q1 2025

Copper Treatment Charges plunge deep below zero

Tue, 10 Jun 2025 14:34:00 -0000

The unrelenting expansion of Chinese copper processing capacity over past few years seems to be the culprit.

Chilean miner Antofagasta Plc has proposed negative charges for contracted supplies to smelters in the second half.

The situation is putting pressure on smelters worldwide, with high-cost facilities facing losses and older European copper smelters at risk, while Japanese plants may be sheltered due to their parent companies' stakes in Chilean mines.

Granted, the plunge in fees is partly due to relatively slow growth in mine output worldwide— coupled with recent mine failures in the DRC ($IVN.TO) and elsewhere— but it’s primarily driven by the rapid increase in Chinese smelting capacity.

Amplats is now Valterra $VALT.L

Wed, 11 Jun 2025 00:57:00 -0000

Anglo American’s Platinum Spinoff is Off to the Races!

Anglo American $AAL.L has now completed the demerger of Amplats, with the renamed Valterra Platinum Limited trading under ticker symbol VALT in London and on the Johannesburg Stock Exchange. The spinoff comes at the perfect moment just as Platinum seems to be finally coming out of its funk after years of challenging market conditions for PGM’s.

Anglo distributed 51% of Amplats, with Shareholders receiving 110 shares in Valterra Platinum for every 1,075 Anglo American shares held. Simultaneously, Anglo American underwent a share consolidation, issuing 96 new shares for every 109 previously held. Following the spinoff, Anglo retains a 19.9% stake in Valterra, having already reduced its holding through earlier disposals .

On its first day on the London Stock Exchange, Valterra shares started trading at around 29.30 pence, valuing the world's largest platinum group metals mining company at around GBP 7.77 billion (US$10.45 billion)— and Anglo American's 19.9% retained stake at around GBP 1.55 billion. The stock has increased 10% as Platinum wakes up from its slumber.

Gold overtakes Euro as global reserve asset, ECB

Wed, 11 Jun 2025 14:14:00 -0000

Central banks continue to accumulate gold at a record pace.

Bullion accounted for 20% of global official reserves last year, outstripping the Euro's 16% and second only to the USD at 46%, an ECB report published on Wednesday showed.

Central banks acquired more than 1,000 tonnes of gold in 2024 for the 3rd year in a row. 20% of the total global annual production and 2X the annual amount of the 2010s.

The stock of gold held by central banks worldwide is approaching

In February we asked, “Will Platinum ever regain its lustre?”

Thu, 12 Jun 2025 02:27:00 -0000

Well, we had to wait several more months since that post, but I’d say, with Platinum up 20% since then, the answer is Yes!

#Platinum $PPLT UP 2.7984%! abrdn Physical Platinum Shares ETF Last at $117.92 on June 12, 2025 at 02:00AM. #MasterMetals https://bit.ly/39s7ZgS https://bit.ly/4jNBSMO

Thu, 12 Jun 2025 21:53:00 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">#Platinum $PPLT UP 2.7984%! abrdn Physical Platinum Shares ETF Last at $117.92 on June 12, 2025 at 02:00AM. #MasterMetals https://bit.ly/39s7ZgS https://bit.ly/4jNBSMO</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1933280575894237489">Jun 12, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> June 12, 2025 at 11:49PM<br /> https://twitter.com/MasterMetals/status/1933280575894237489

👍 Jeffrey @TruthGundlach is one of the few that has been recommending Gold for some time—along with @DanielSLoeb1. https://bit.ly/45nj0km

Thu, 12 Jun 2025 22:18:00 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">👍 Jeffrey @TruthGundlach is one of the few that has been recommending Gold for some time—along with @DanielSLoeb1. https://bit.ly/45nj0km</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1933287271710494737">Jun 12, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> June 13, 2025 at 12:16AM<br /> https://twitter.com/MasterMetals/status/1933287271710494737

Someone woke up! $MAI.V https://bit.ly/3SSdvCW https://bit.ly/405jbND

Fri, 13 Jun 2025 17:58:00 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">Someone woke up! $MAI.V https://bit.ly/3SSdvCW https://bit.ly/405jbND</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1933584160406581289">Jun 13, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> June 13, 2025 at 07:56PM<br /> https://twitter.com/MasterMetals/status/1933584160406581289

VANECK JUNIOR GOLD MINERS ETF $GDXJ UP 0.8781%! Last at 71.23. #Gold #MiningStocks #GDXJ #ETF #MasterMetals https://bit.ly/39s7ZgS https://bit.ly/4jM9AST

Fri, 13 Jun 2025 20:48:00 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">VANECK JUNIOR GOLD MINERS ETF $GDXJ UP 0.8781%! Last at 71.23. #Gold #MiningStocks #GDXJ #ETF #MasterMetals https://bit.ly/39s7ZgS https://bit.ly/4jM9AST</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1933626820550672593">Jun 13, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> June 13, 2025 at 10:45PM<br /> https://twitter.com/MasterMetals/status/1933626820550672593

#Gold: SPDR Gold Shares ETF ($GLD) UP 1.3004%! Last at 316.26 at June 13, 2025 at 02:00AM https://bit.ly/3caYohm #MasterMetals https://bit.ly/3G1dIAF

Fri, 13 Jun 2025 21:38:00 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">#Gold: SPDR Gold Shares ETF ($GLD) UP 1.3004%! Last at 316.26 at June 13, 2025 at 02:00AM https://bit.ly/3caYohm #MasterMetals https://bit.ly/3G1dIAF</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1933639919135567886">Jun 13, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> June 13, 2025 at 11:37PM<br /> https://twitter.com/MasterMetals/status/1933639919135567886

Global X Silver Miners ETF $SIL UP 0.6807%! Last at 48.81 https://bit.ly/39s7ZgS #Silver #SIL #MasterMetals #charts https://bit.ly/44o4cA3

Fri, 13 Jun 2025 22:58:00 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">Global X Silver Miners ETF $SIL UP 0.6807%! Last at 48.81 https://bit.ly/39s7ZgS #Silver #SIL #MasterMetals #charts https://bit.ly/44o4cA3</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1933659764199739491">Jun 13, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> June 14, 2025 at 12:56AM<br /> https://twitter.com/MasterMetals/status/1933659764199739491

@AxelMerk @BoringBiz_ So far that seems to be the business model of most AI engines. Until websites put some kind of firewall block to make them pay for access to their data…

Sat, 14 Jun 2025 00:53:00 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">@AxelMerk @BoringBiz_ So far that seems to be the business model of most AI engines. Until websites put some kind of firewall block to make them pay for access to their data…</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1933687898643058765">Jun 14, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> June 14, 2025 at 02:48AM<br /> https://twitter.com/MasterMetals/status/1933687898643058765

Will $AZM.V finally make something of itself? https://bit.ly/43X2W6w

Sat, 14 Jun 2025 21:53:00 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">Will $AZM.V finally make something of itself? https://bit.ly/43X2W6w</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1934006191820046640">Jun 14, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> June 14, 2025 at 11:53PM<br /> https://twitter.com/MasterMetals/status/1934006191820046640

@GoldRoyalties They’ve been too academic and not entrepreneurial enough. They have that great database of Quebec but haven’t seen much from it yet…

Sat, 14 Jun 2025 22:58:00 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">@GoldRoyalties They’ve been too academic and not entrepreneurial enough. They have that great database of Quebec but haven’t seen much from it yet…</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1934022214187446560">Jun 14, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> June 15, 2025 at 12:56AM<br /> https://twitter.com/MasterMetals/status/1934022214187446560

@GoldRoyalties Dont know that one

Sun, 15 Jun 2025 14:28:00 -0000

<blockquote class="twitter-tweet"> <p lang="en" dir="ltr" xml:lang="en">@GoldRoyalties Dont know that one</p> — MasterMetals (@MasterMetals) <a href="https://twitter.com/MasterMetals/status/1934255470908248212">Jun 15, 2025</a></blockquote> <script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> From <a href="https://twitter.com/MasterMetals">MasterMetals</a><br /> June 15, 2025 at 04:23PM<br /> https://twitter.com/MasterMetals/status/1934255470908248212

Pipes Feed Preview: MasterMetals & MasterMetals Tweets

The unrelenting expansion of Chinese copper processing capacity over past few years seems to be the culprit.

Central banks continue to accumulate gold at a record pace.