EU Carbon Prices Slip 20% Amid Reform Push
CHART OF THE DAY: The cost of European CO2 allowances has fallen ~20% in recent days after several key countries asked Brussels for a reform. Italy has gone as far as asking the Emissions Trading Syste to be suspended. CO2 emissions costs have >3x over the last 5 years. https://t.co/d3eDdvhNb9
Metals Enter Bull Market’s High‑Price Phase, Spark Speculation
From Top Commodity Value to Stretched Speculation - Metals 2026: The Bloomberg All Metals Total Return Subindex represents the top-performing sector over time, but metals may have entered the high-price cure stage of a bull market. The highest-velocity rallies since...
India Cuts Coal Imports, Prioritizes Security Over Climate
India prioritizes national security and economic growth above aggressive, ideologically driven climate policies seen in some European countries. India seeks to cut power sector coal imports by 30% this year, sources say https://t.co/bA7W0ywe6Y
Glencore Expands Cusco Copper Hub with Quechua Acquisition
Glencore buys Quechua in Peru to strengthen its Cusco copper hub around Antapaccay and Coroccohuayco. https://www.metalnomist.com/2026/02/glencore-acquires-quechua-copper.html
Strategic Lithium Reserve Needed to Stabilize Supply
I’ve submitted formal comments into the docket. My core message: supply diversification alone is not enough. If we want durable investment in allied lithium production and processing, we must address price volatility. Lithium’s boom-bust cycles have repeatedly delayed capital formation and midstream...
Nornickel Forecasts Nickel Surplus, Tight Copper Post‑2025, PGM Rally
Nornickel sees nickel surplus, tighter copper after 2025, and a renewed PGM rally led by investor demand. https://www.metalnomist.com/2026/02/nornickel-nickel-surplus-and-copper.html
Funds Defend Soybean Longs, Holding Above $11
Funds defending that long position in #soybeans like crazy. 11.55 in May looks like the area it needs to keep closing above for now.
US Chipmakers Turn to Sunrise Metals Amid Scandium Shortage
U.S. semiconductor manufacturers are feeling the pinch from Chinese restrictions on scandium exports, @Reuters reports, underscoring the importance of @SunriseMetals’ Syerston Scandium Project as an essential supplier to key U.S. industries. “U.S. chipmakers have experienced delays in receiving new scandium export licenses from...
Vox Royalty Secures Aussie Gold
Mngt at @vox_royalty buys a producing Australian #gold asset for <$200 an ounce, an obvious wide margin vs spot. See the Part That Pays from JV, how the company is stacking incremental cash-flowing exposure in pro-jurisdictions, & why stock is...
State Reclaims 35% Stake in Ramu Nickel
Wonder if they are planning on buying in or exercising rights....nickel tape is coming... --> Post Courier: "State to take back 35% equity from Ramu Nickel" https://t.co/dJzUin421K #nickel #mining
MP Materials to Build 10k‑ton Magnet Plant for U.S. Government
MP Materials says it will build its 10,000 metric ton per year magnet plant to supply the U.S. government in Northlake, Texas, a suburb of Dallas. $MP.
Soybeans Overextended; Funds Defend Upper Keltner Band
And for what it's worth, I even think the #soybeans are over extended here. Funds defended right at the upper keltner band yesterday, but wouldn't take much of a break to get below it leading to a possible break....
US Oversupply Drives Down Energy Prices, Peaks Likely 2026
Peak Gas, Crude Risks Elevated in 2026; Energy Price Trend Down - Absent a supply shock from potential hostilities with Iran, crude oil may be more likely to peak in 1Q on the back of natural gas. Predominant downward price...
Brazil's Record Soy Output Caps 2026 Prices Near $11.70
Are Soybeans Getting Too Hot Near $11.70? Runaway Brazilian soybean production is a top pressure factor for prices, and $11.70 a bushel in 2026 may be too high. My graphic shows the US-traded oilseed bumping up against the 2025 peak, at...
Zimbabwe's Lithium Ban Likely Short‑Lived, Minimal GDP Impact
The Zimbabwe export ban seems to be due to transfer pricing, ie producers understating grade/value of exports. Similar to what we saw from the Chinese company that operated Bald Hill in Australia a few years ago. On my calcs, average Zimbabwe...
China's Rare Earth Export Curbs Still Limit US Supply
Chinese rare earth export controls are still choking off lots of material to the US
Ecuador to Extend Mirador Mine Contract, Enable Norte Expansion
Ecuador plans a Mirador copper mine contract extension in 1H 2026 to unlock Mirador Norte expansion. https://www.metalnomist.com/2026/02/mirador-copper-mine-contract-extension.html
EVAC Launches US-Made Rare Earth Magnets, Targets 2
eVAC ships its first US-made rare earth magnets and targets 2,000 t/yr capacity by Q1 2026. https://www.metalnomist.com/2026/02/us-made-rare-earth-magnets-shipped-as.html
Metals Rally yet to Spark Inflation, History Warns
A very compelling chart. The recent rally in metals and mining has not yet evolved into a material inflationary impulse, in my view. Markets still seem to be dismissing that possibility — even though history suggests otherwise. https://t.co/FhHZJUOI67
Rare Metals Power Massive Data Centers and National Security
To build a data center the size of Manhattan, as Mr. Zuckerberg intends to, we need some metals that you’ve probably never heard of in quantities than you cannot fathom… These metals are not just 1 or 2 letters on your...
Net‑Zero Path Turns Steeper, Emissions Curve Cliffs
CHART OF THE DAY: Global energy-related CO2 emissions, with historical path, plus different scenarios: current policies, stated policies and net-zero by 2050. The later curve is getting more cliff-like by the day. My @Opinion column on net zero is here:...
Lithium Corp Targets Lithium, Graphite, Fluorspar, Neodymium
Lithium Corp $LTUM Junior spec run by Tom Lewis: Lithium, Graphite, Fluorspar & Neodymium ... https://t.co/gv3RzOcArh
Strategic Reserve Could Stabilize Mineral Markets, Unlock Capital
Last night’s State of the Union address tied AI dominance to power plants, permits, and domestic mining. Earlier in the day, the House Energy & Minerals Subcommittee debated how to actually fix the mineral markets behind that ambition via the SECURE...
Bears May Get Brief Relief, Not Full Trend Reversal
@GrainsGorilla your bearish tenacity may be about ready to payoff, at least for a little while. May be time time to shake the trees for a little bit and give some relief to the bears it seems. ...
UUUU Forms Bullish Cup‑Handle, Target Mid‑$20s
$UUUU Daily. Uranium/rare earth miner still forming an attractive, bullish cup and handle pattern. Needs to push back into mid-$20's now. https://t.co/jqAyOlkNY0
Silver Drilling Kicks Off in Mining‑friendly Nevada.
Starting major silver drilling campaign in mining friendly Nevada @BRCSilver $brc.v look at that chart
Fortescue Bets Future on $1 Bn Green Pilbara Shift
"Fortescue Stakes Its Future on a Billion Dollar Green Pivot in the Pilbara" https://t.co/NNU6MWp1YM @FortescueNews #Fortescue
Congo’s Sovereignty, Not Ownership, Controls Cobalt Supply
China’s cobalt strategy assumed that owning mines guaranteed supply. Congo’s export controls show that sovereignty trumps ownership. China controls processing; Congo controls the tap. https://t.co/sBpdLF03jS #Cobalt #CriticalMinerals #China #SupplyChains #Geopolitics @ctindale
Gold's Historic Premium Signals Potential 2025 Bust
The 2026 Gold Rush Risks a 2025 Bitcoin-Like Bust - At almost 3x, gold has never sustained a greater stretch vs. its 120-month moving average with inflation so low. The graphic highlights a historic oxymoron for the traditional haven: its...
Retail Lithium Investors Should Prioritize Proven Production Assets
Nobody likes to hear it but these are dangerous times for retail #lithium investors that throw money at projects that shouldn’t (and ultimately won’t) be built. Buy quality assets - currently producing or with a clear path to production. Traders?...
ILi Markets: Rare, Timely Lithium Market Insight Source
Thanks @D_Jimenez_Sch - there are limited sources of useful, timely information on the #lithium market. Daniel (& his team at iLi Markets) is one of them. Great podcast guest too.
Net‑Zero 2050 Dead, Fossil Fuels Essential, Solar Booms
COLUMN: Net zero by 2050 is effectively dead: Oil, natural gas and coal will remain crucial for meeting the world's energy needs. But that doesn't mean the end of renewable energy. Solar, in particular, is thriving, and will continue to...
Fortescue Fully Acquires Alta Copper, Expands Peru Copper Push
Fortescue buys Alta Copper outright, deepening its copper expansion strategy around Peru’s Canariaco project. https://www.metalnomist.com/2026/02/fortescue-alta-copper-acquisition.html
US Rolls Out Pax Silica to Safeguard AI Silicon Supply
US launches Pax Silica to secure polysilicon inputs and expand allied semiconductor partnerships for AI growth. https://www.metalnomist.com/2026/02/pax-silica-silicon-supply-chain.html
Flash Joule Heating Unlocks Gallium, Scandium From Louisiana Red Mud
Metallium and ElementUSA target US gallium and scandium recovery from Louisiana red mud using flash joule heating. https://www.metalnomist.com/2026/02/metallium-flash-joule-heating.html
High Lithium Prices Won’t Rescue Poor Assets
Higher #lithium prices don’t have the power to make low quality lithium assets good investments. Be careful out there. https://t.co/BDwn05D4Fc
Copper Profits Depend on Long‑term Price Strength
Copper is driving miners' profits But exposure is hard to scale unless prices stay high for years Profits are hard to maintain unless supply growth fails Mega-mergers failed because sellers wanted to be paid for the future scarcity now Usual good insights from @ClydeCommods...
Uranium Enrichment Capacity, Not Reactors, Limits Supply
Uranium enrichment is running straight into a hard physical bottleneck Enrichment capacity, not reactors, is the constraint The US is still deeply dependent on Russian enrichment https://t.co/UzZh17Lcy5 #NuclearEnergy #Uranium #EnergySecurity #SupplyChains #EnergyTransition #Geopolitics
Vaca Muerta's Promise Stalls Behind Fiscal and Infrastructure Hurdles
Argentina’s Vaca Muerta looks great on paper, but it’s not the next Permian. Argentina’s fiscal mess, weak infrastructure, & massive capex needs are real barriers. Continental’s hype says as much about a fading Bakken play as it does about Vaca Muerta. https://t.co/SGzycaNHEd #Oil...
EXIM Boosts Mining, Delivering Critical Minerals Nationwide
It was a pleasure and an honor to catch up with the @JJovanovicUSA President and Chairman of the Board of Directors of the @EximBankUS of the United States (EXIM). The support EXIM and this administration shows and extends to...
Optimism Returns as Lithium Prices and ESS Boom Questioned
Sunny & cold in Florida. How high will #lithium price go this cycle was the # 1 question. How real is the ESS boom was #2. Nice to see some optimism after a couple of lean years. https://t.co/KLtvzNOlxk
Q2Metals Teases Maiden Resource at PDAC
Looking forward to catching up with the Rock Star @Q2Metals team next week at #PDAC and talking about all their greatest hits. 👀 maiden resource coming soon... $QTWO.V
Rio Silver Invites Investors to PDAC 2026 Meeting
Rio Silver Inc. $RYO.V $RYOOF Invites Investors to Meet Management at PDAC 2026, the World’s Premier Mining Convention by @GlobeNewswire https://t.co/eUKzVCTQ6h https://t.co/yt5LEIMExi
Japan's New Rare Earth Find Won't Shift Global Supply
Japan has identified a large rare earth deposit of its own, but it's not going to change global supply dynamics. Here's the situation... #rareearths #japan #geopolitics https://t.co/2WX7oeO6Jm
Copper Must Stay Above $6 to Avoid Deflationary Dominoes
Atlas' Burden Shifting to $6 Copper? Bitcoin's Gravity Pull - Copper may need to remain above $6 a pound or else. If the economically and stock-market-sensitive industrial metal follows falling Bitcoin, iron ore, crude oil and Chinese government-bond yields, it...
Copper Above $6 Offers Poor Risk‑Reward for New Longs
A Lot Riding on Copper Remaining Over $6 - Copper, the S&P 500 and US Treasury 30-year yield on the same scale may emphasize the implications of some normal reversion. That the metal hasn't had a year since 2021 without...
Copper Overheated: Price Spike Signals Potential Deflation
Is Copper a Prudent Short? Next to its industrial commodity and inflation companions -- iron ore, Brent crude oil and Chinese Government 10-year Bond yields (CGBs) -- copper might be too hot. From a base of 100, starting with our iron...
US Needs Domestic EV Demand to Counter China’s Rare‑earth Dominance
.@dunne_insights: “China controls roughly 70 percent of rare earth mining and over 90 percent of processing capacity. Without a thriving domestic EV industry creating sustained demand, America lacks the economic incentive to build the…supply chains.” https://t.co/hU5loovdzh
EU Sets Recycled Plastics Targets, Expands to Steel, Aluminium
EU agrees recycled plastics targets for cars, with future recycled steel and aluminium rules under end-of-life vehicles regulation. https://www.metalnomist.com/2026/02/eu-end-of-life-vehicles-regulation-sets.html
Australia Secures Fixed‑Price Power for Tomago Smelter Post‑2028
Australia moves toward a fixed-price power deal to keep Rio Tinto’s Tomago aluminium smelter running after 2028. https://www.metalnomist.com/2026/02/tomago-aluminium-smelter-power-purchase.html
