No 166. We start the week with two corrections, Tin ingot up 3.75% to $55,459/t and Pt up 2.71% to $1,842/oz. Cu cathode up 1.16% and the Strait of Hormuz is now open* again.
2/ Strategic minerals: Ge +12.4% midweek, structural export licensing angle. Tungsten +2.85% as Chinese buyers bid 5x normal for US scrap. Antimony fifth straight weekly loss at -9.3%, approaching potential floor. Platinum -10.7% in a week across two separate -5% sessions.
Week ending 13 June: Li +4.4% on CATL Jianxiawo mine suspension, CME LiOH 86% YTD above $20k. Nickel -1.2% on structural surplus, cobalt flat. Supply-driven Li bid diverging from Ni overhang and Co stability. Plus Pt down 10.7% in a week, structural break or positioning unwind?
Day-to-day: 1# tin ingot jumped 3.17% to $53,457/t, notable strength, watch for follow-through. Battery grade lithium carbonate up 2.6%, the next move worth flagging. Germanium 5N China up 2.4%. Glencore resumes Quebec smelter $300m enviro spend
Whereto did the money flow during the PGM rally seen end 2025? Not to the majors (Impala shown), not to the company building the latest Greenfield project (Ivanhoe), it went to a study phase company several years away from tangible production - Southern Palladium. markets..
@NousResearch Too fast for comfort, a stable/delayed branch, beta and nightlies required, please. One mistake away from a broken system on inexperienced users' setups
I valued SpaceX for its IPO a few weeks ago, with minimal information and a promise to revisit the valuation, when the prospectus was made public. The prospectus is public, the offering price has been set and my update is up and running. https://t.co/zRjpD1C0wv
Every so often, I feel like I work far too hard for what I have.
Then I read about the ex-Emira CEO getting an employment termination settlement of R33.6 million and I realise that I'm right.