Mosaic Co (MOS) Q1 2026 Earnings Call Transcript
The Mosaic Company reported resilient North American sales despite industry‑wide declines and set a 2026 phosphate production target of at least 7 million tons. Cost‑saving initiatives delivered $150 million in 2025, with an additional $100 million planned for this year, while sulfur price spikes are expected to compress margins into 2026. Mosaic Biosciences doubled 2025 net sales to $68 million and is targeting another doubling in 2026. Capital expenditures rise to roughly $1.5 billion in 2026, offset by asset divestitures that should generate $170 million in proceeds.
Australian-First Critical Minerals Facility Opens in Sydney
The Australian Nuclear Science and Technology Organisation (ANSTO) has opened a new critical minerals processing facility at its Lucas Heights site, marking the first such plant in the country. The complex adds capabilities for extracting clay‑hosted rare earth elements and...
Argonaut Rates Uranium Explorer Alligator Energy with a Speculative Buy
Argonaut Equity Research has initiated coverage of Alligator Energy (AGE) with a speculative buy rating and a 7 cents per share price target, above the current ~4.2 c share price. The firm’s focus is the Samphire uranium project in South Australia, which...
The World’s Next Gold Rush: How Explorers Can Play a Role in the New Saudi Arabia
Saudi Arabia is accelerating its mining sector under Vision 2030, treating minerals as a third pillar of growth to reduce oil dependence. The Kingdom’s mineral endowment is now valued at roughly $2.5 trillion, with mining licences surging 220% in 2025 and $11.7 bn...
China's Solar Boom Has Created a Massive Oversupply Problem
China now produces more than twice the global demand for solar components, driving a price war that has left many manufacturers indebted. Industry leaders and the government have convened to launch a $7 billion buy‑out of inefficient plants, impose capacity caps,...
Could Investing $10,000 in USA Rare Earth Make You a Millionaire?
The U.S. launched Project Vault, a $12 billion Strategic Critical Minerals Reserve, to curb reliance on Chinese rare‑earth processing. USA Rare Earth secured roughly $1.6 billion—including a $1.3 billion senior loan and a 10% government stake—to fund its mine‑to‑magnet strategy, building a magnet plant...
Nalco's Alumina Exports to West Asia Affected Due to Geopolitical Tensions, Says CMD
National Aluminium Company (Nalco) says geopolitical tensions in West Asia have disrupted its alumina exports, which traditionally represent 40‑50% of its shipments. The slowdown at Middle‑East smelters has pushed spot alumina prices down to $305‑310 per tonne. Nalco’s fourth‑quarter profit...
Manufacturers Face Crunch on Industrial Metals
The Iran war has sharply disrupted industrial‑metal supplies, pushing U.S. aluminum prices up nearly 90% as shipments from the Persian Gulf falter and tariffs jump from 10% to 50%. Automakers, which now use 30% more aluminum than in 2020, face...
Australia Gas Project Advances Into Early-Stage FEED
Hancock Energy has moved its Lockyer gas project in Western Australia into the early‑stage front‑end engineering design (FEED) phase. The plan centers on a central processing facility (CPF) that will treat up to 117 MMcfd of natural gas from the Lockyer...
Mining CSR Must Sync with National Priorities for Sustainability, Say Experts
India is ramping up critical‑mineral exploration under the Atmanirbhar Bharat agenda, coupling it with a mandatory 2 percent CSR levy that now tops ₹15,000 crore (≈$1.8 bn) annually in mining, metals and infrastructure. Experts warn that CSR will fall short of long‑term transformation...
3 Ways to Target the Resources Powering AI and Data Centers
The data‑center boom, driven by AI workloads, is creating a surge in demand for rare‑earth and battery‑metal supplies that power advanced chips. Two niche ETFs—Global X Rare Earth & Critical Minerals (EART) and ProShares S&P Global Core Battery Metals (ION)—offer...
India's Mining Sector Can Create 25 Million Jobs by 2047: Report
A Deloitte‑ICC report projects India’s mining sector could add roughly $500 billion to GDP and generate up to 25 million direct and indirect jobs by 2047. Achieving this scale requires a shift from Mining 4.0 to “Mining 5.0,” where AI, digital twins, autonomous operations...
Albemarle (ALB) Gets Truist Price Target Boost on Lithium Price Momentum
Truist Securities raised its price target for Albemarle Corp. (ALB) to $245, up from $210, while keeping a Buy rating. The increase reflects revised earnings forecasts for 2026 and 2027, driven by sustained lithium price momentum into early 2026. Analyst...
Is Lithium Americas (LAC) One of the Best EV Battery Stocks to Buy?
Lithium Americas (LAC) appointed former Rio Tinto executive Clayton Walker to its board on May 4, signaling a push for stronger governance as the company advances its Thacker Pass lithium project. The firm reported zero revenue for 2025 and a widened...
New Report Questions Africa’s Oil and Gas Promise
A new report titled “Pipe Dreams” released in Nairobi argues that oil and gas have failed to deliver economic development across 13 African producers. The analysis shows the sector concentrates wealth with multinationals, creates few local jobs, and exposes economies...
Focus Graphite in Quebec Boasts World’s Fifth-Largest Resource
Focus Graphite announced an updated resource estimate for its Lac Tetepisca project in central Quebec, now containing 14.7 million tonnes of graphite—an 86% increase that ranks the deposit fifth worldwide. The ore grades 10.2% graphitic carbon, far above the 3‑5% typical...
Startup Harnesses the Power of AI in the Ongoing Hunt for Minerals
Earth AI, an Australian‑founded, US‑based startup, uses artificial intelligence and low‑disturbance drilling to locate critical‑mineral deposits faster than traditional methods. The company claims a 75% discovery success rate, far above the sub‑1% industry norm, and has already identified copper, cobalt,...
Ukraine Says It Hit 2 Major Refineries in Russia
Ukraine announced drone strikes on two of Russia's largest fuel‑producing refineries and a nearby oil‑pumping station. The Yaroslavl plant, co‑owned by Rosneft and Gazprom Neft, processes about 300,000 barrels per day, while Lukoil's Perm refinery handles roughly 260,000 barrels per day....
Cenovus Warns Oil Sands Growth Is Drying Up as Policy Uncertainty Mounts
Cenovus Energy posted a record Q1 2026 with net earnings of C$1.57 billion (≈$1.2 billion USD), a 19% rise in upstream output to 972,100 BOE/d, and a 10% dividend increase. CEO Jon McKenzie warned that Canada’s unresolved carbon‑pricing talks and a unique industrial carbon tax...
Copper Near Record Highs. Market Fears Supply Constraints and Bets on Str...
Copper futures on the COMEX rose above $6.29 per pound, edging close to the record set in late January. The rally is fueled by expectations of sustained demand from AI data centers, power‑grid modernization and electric‑vehicle production, while supply worries...
Oil Prices Rise As US-Iran Fighting Continues
Brent crude jumped to $101.47 a barrel and WTI to $95.71 after the United States and Iran exchanged air strikes, reigniting fears over the Strait of Hormuz and the cease‑fire. Traders priced in potential supply disruptions, pushing prices up as...
Suspected Oil Spill Visible on Satellite Images Near Kharg Island Export Hub
Satellite imagery from Copernicus’s Sentinel fleet shows a grey‑white slick covering about 45 sq km of water west of Iran’s Kharg Island, the country’s main oil‑export hub. Researchers confirm the visual pattern matches crude oil, potentially the largest spill since the U.S.–Israel...
Hillside’s Marks 30 Years Amid Push for Long-Term Power Solution
South Africa’s Hillside Aluminium smelter celebrated 30 years of operation and is eyeing a 20‑30‑year extension, contingent on securing a competitive long‑term electricity contract with state utility Eskom. From 2015 to 2024 the plant generated roughly R35 billion (about $1.9 billion) for...
Metals in Motion: Why Rare Earths Are the New Strategic Frontier
Rare earth elements (REEs) now power a $14 billion market that is expected to more than double by the mid‑2030s. Demand has surged 78% since 2020, driven by AI, defense systems like the F‑35, wind turbines and electric vehicles. China dominates...
Huayou Cobalt: Proposes to Acquire 100% Equity in Atlantic Lithium for $210 Million
Huayou Cobalt announced a $210 million deal to acquire 100% of Atlantic Lithium, securing the Ghana‑based Ewoyaa lithium project. The asset contains 36.8 million tonnes of JORC‑compliant resources at an average 1.24% Li₂O grade, equating to roughly 1.13 million tonnes of LCE. The...
Why an Australia-US Rare Earth Deal Sparked Backlash in Malaysia
A coalition of 57 Malaysian civil‑society groups has condemned a $96 million rare‑earths supply agreement between Australia’s Lynas Corporation and the U.S. Department of Defense, arguing it ties Malaysia’s processing plant to foreign military supply chains. The backlash highlights Malaysia’s precarious...
Pahang Backs Tengku Hassanal's Call to Review River Sand Exports
The Pahang state government has pledged to back Tengku Hassanal’s request that the federal government study river‑sand exports as a revenue source. Menteri Besar Wan Rosdy said the move could boost state income while improving river management and flood mitigation....
Freeport Delays Grasberg Full Restart to Early 2028
Freeport‑McMoRan announced that the full restart of Indonesia’s Grasberg mine is now slated for early 2028, pushing back the original end‑2027 target. The company expects copper output this year to fall to about 700,000 lb, well below the previously forecast 1 billion lb....
Permian Resources Leaning on More Workovers to ‘Kind of Hit the Gas Pedal’
Permian Resources is accelerating its work‑over program, doubling the rig count in Q1 and now completing about 90 work‑overs per month. The company lifted its full‑year oil production guidance by roughly 2% to a midpoint of 192,500 barrels per day,...
How China Killed Every Rare Earth Competitor
China has maintained its rare‑earth monopoly for over two decades by deliberately slashing prices whenever a Western firm attempts to develop independent processing capacity. The price‑undercutting destroys the economics of new projects, causing investors to pull back and companies to...
Upstream Oil and Gas Deal Value Plunges Amid Oil Price Uncertainty
Upstream oil and gas M&A value collapsed to $5.55 bn in March, an 83% drop from February’s $32 bn, while the number of deals stayed flat at 35. South America accounted for 55% of the month’s value, led by Prime Infrastructure’s $1.4 bn...
San Lorenzo Hits All-Time High on Chile Gold Assays
San Lorenzo Gold announced breakthrough assay results from its Arco de Oro drill program at the Salvadora project in Chile, highlighting intervals of more than 1 g/t gold over 100 m, including a 13 m section grading 2.21 g/t Au. The data suggest the...
SANY Rolls Out 1,000th Electric Excavator & Launches 5G Remote Control
SANY Group has delivered its 1,000th electric excavator, underscoring a rapid shift toward zero‑emission construction equipment. The company also launched the SY550HD, a 5G‑enabled remote‑controlled excavator that can be operated from up to 8,500 km with latency as low as 120‑140 ms....
Aben Shares Rally on Yukon Gold-Tungsten Exploration News
Aben Gold Corp. announced a 2026 exploration program at its 7,400‑hectare Justin Gold Tungsten Project in Yukon’s Tombstone Gold Belt. The plan includes roughly 1,500 metres of diamond drilling across the gold‑rich POW intrusion‑related zone and the high‑grade Lost Ace orogenic...
Buenaventura Eyes 16-Year Boost for New Peru Mine
Buenaventura is evaluating a 16‑year life extension for its San Gabriel gold mine in southern Peru after exploration indicated substantial resource growth beyond the current 1.8 million‑ounce reserve base. The underground operation, which produced its first gold bar in December, is on...
Chilean Cobalt Advances Integrated Development Strategy at NeoRe Rare Earth Project, Chile
Chilean Cobalt Corp., via NeoRe Spa, announced that the NeoRe Rare Earth Project in southern Chile has moved from district‑scale exploration to a defined development pathway for its first Modular Extraction Plant (MEP‑1). Drilling at Target 7 and the Las Corrientes...
ZDA Promotes Zambia’s Investment Potential During High-Level Germany Engagements
The Zambia Development Agency (ZDA) showcased Zambia’s mining, energy, agriculture and water‑sanitation projects to German and European investors during high‑level talks in Berlin. The delegation participated in the 2027‑2028 Zambia‑Germany development cooperation negotiations, emphasizing governance, food security and water development....
Louis Watum Mobilises ENA Graduates Around Mining Sector Reforms
DRC Minister of Mines Louis Watum Kabamba met with graduates from the National School of Administration to accelerate mining sector reforms. The dialogue centered on governance, transparency, artisanal mining regulation, and equitable revenue distribution, while spotlighting new projects such as...
DRC Considers Zambian Tailings Water Treatment Technology for Mining Sector
The Democratic Republic of Congo’s mining ministry is reviewing a Zambian‑origin wastewater treatment system presented by SACOR to address tailings water challenges in its copper and cobalt sectors. The technology separates solid residues from process water, enabling recycling and safer...
Pakistan Shuns Spot LNG
Pakistan’s state‑owned LNG arm rejected an emergency spot‑market tender for two May cargoes, betting that the Strait of Hormuz will reopen and cheaper long‑term supplies from Qatar will arrive. The decision follows a cease‑fire in the US‑Iran conflict but comes...
Ontario Spotlight: Four Explorers Worth a Look – Part 1
Ontario remains a global mining hub, and four junior explorers are positioning themselves for growth. BTU Metals is executing an 8,000‑metre drill campaign at the Dixie Halo gold‑copper project with Kinross Gold taking a 70% earn‑in stake. Clean Air Metals is...
Leapfrog Update Delivers ‘Unrivalled Depth’ in Every Layer of Subsurface Modelling for Mining
Seequent, the Bentley Subsurface Company, launched Leapfrog 2026.1, a major upgrade to its Leapfrog Geo and Leapfrog Edge platforms. The release adds a grid‑pattern drill‑hole planning tool, live 3D snapping, and a new stratigraphic surface algorithm that automates complex layer...
Middle East Conflict Threatens DRC Copper and Cobalt Sector Amid Sulfuric Acid Shortage
China’s suspension of sulfuric acid exports amid heightened Middle East tensions is tightening a critical input for copper leaching worldwide. The disruption could shave up to 125,000 tonnes of copper output from the Democratic Republic of Congo in 2026, while...
EGA Partners with ADNOC to Boost Aluminium Supply Chain
Emirates Global Aluminium (EGA) and ADNOC Logistics & Services (ADNOC L&S) have signed a high‑level agreement to explore joint logistics initiatives that will boost supply‑chain resilience in the aluminium sector. The collaboration, announced at the Make it in the Emirates event,...
How Canada’s Oilpatch Is Reacting to a Generational Price Shock
The closure of the Strait of Hormuz and the US‑Israeli war with Iran have erased roughly a billion barrels of excess global oil inventory, driving prices to multi‑year highs. Canadian producers, such as Suncor, are enjoying windfalls but are only...
Zimbabwe: Gvt Steps Up Mine Inspections After Fatal Chegutu Accidents
The Zimbabwean government has stepped up inspections of mining sites after two fatal accidents at illegal operations in Chegutu. Deputy Minister Caleb Makwiranzou announced more frequent visits and a shortened monitoring timeline to improve safety. Authorities are also urging small‑scale...
China Confirms Attack on Oil Tanker in Strait of Hormuz Earlier This Week
China’s foreign ministry confirmed that a Chinese‑crewed oil‑products tanker was attacked in the Strait of Hormuz earlier this week. The vessel, likely the Marshall Islands‑flagged JV Innovation, suffered a deck fire but no crew casualties have been reported. The incident...
USGS Sees 340+ Tcf of Recoverable Gas in Bossier Formation
The U.S. Geological Survey released a new assessment showing the Bossier Formation along the Gulf Coast holds about 343.5 trillion cubic feet of technically recoverable natural gas. The estimate also includes roughly three million barrels of undiscovered oil and reflects production from...
Wison New Energies’ Internal Turret FPSO Design Wins Endorsment From Lloyd’s Register
Wison New Energies (WNE) received an Approval in Principle from Lloyd’s Register for its new harsh‑environment internal turret FPSO design. The endorsement validates the concept‑stage review and marks a key technical milestone for a standardized floating production system. WNE says...
DRC Plans New Copper Megaproject in Greater Kasai With Integrated Energy Infrastructure
The Democratic Republic of Congo announced a plan to develop a large‑scale copper mine in Greater Kasai with China Railway Resources Universal Ltd. The mine targets 200,000‑500,000 tonnes of copper per year, positioning it among the country’s biggest projects. An integrated...