Sulfur: The Overlooked 'Second Oil Crisis'
An overlooked intermediate product is simultaneously choking off copper, lithium, cobalt, and rare earths—the other half of the Strait of Hormuz story.
Source: 矿立方深度报道
comprehensiveanalysis
Structured analysis on supply chains, prices, policies and demand.
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Lithium Carbonate Inventory Metrics Revised Again, Triggering a Sharp Price Decline
The classification system has shifted from three categories to four, with upstream slag-extracted lithium samples now included. Under the new methodology, inventory figures have jumped significantly, marking a departure from mere 'misunderstandings'.
Source: 矿立方深度报道
lithiumanalysis
Copper: A Short Squeeze Misread by Investment Banks as Major Firms' Price Targets Are Left Behind by Spot Prices—The Imbalance Sheet Didn't Miscalculate; It Became Irrelevant
Placing the price targets of major institutions side by side with spot prices reveals a clear gap. It should be noted that Goldman Sachs' $13,735 was not a pessimistic forecast from the beginning of the year; on the contrary, it is the figure just raised on June 1.
Source: 矿立方深度报道
copperanalysis
Negotiations at Port Hedland Have Not Yet Reached the Critical Stage
The union has submitted a counter-proposal, with the next round of negotiations scheduled for September 8. However, there are still two hurdles to clear before these talks impact loading operations.
Source: 矿立方深度报道
ironanalysis
Gold Prices Up 34%, But Unit Costs Rose 49%: Why Profit Growth at Zimbabwe Gold Mines Can't Be Judged Solely by Gold Prices
Caledonia's Q2 profits rose, but Blanket production fell 17.6% year-on-year and AISC increased to $2,678/oz; high gold prices are buying time for operational volatility and the Bilboes construction project, rather than eliminating cost issues.
Source: 矿立方深度报道
goldanalysis
€312M Railway Financing Is Really Eramet Approving Money for Itself
The Gabonese government aims to increase total rail freight volume from approximately 9 million tonnes per year currently to 21 million tonnes per year by 2029.
Source: KLF Mining Research
manganeseanalysis
Wells Fargo Calls for $6,000 Gold: Not a New Forecast, but the Last Permabull Reaffirming an Old Target
On July 21, 2026, Kitco News published an interview with Sameer Samana, Wells Fargo's global head of equity and real asset strategy.
Source: KLF Mining Research
goldanalysis
On the Same Day Copper Price Forecasts Were Collectively Raised, BHP Slashed Its 2027 Production Guidance
On July 15, 2026, three pieces of news with not entirely aligned directions emerged in the copper market on the same day, worth reading together.
Source: KLF Mining Research
copperanalysis
Goldman Sachs Cuts 2027 Aluminum Price to $2,700: A Four-Month Rollercoaster from $3,450 to $2,700
On July 6, 2026, Goldman Sachs released its latest aluminum market research report, lowering its average annual LME aluminum price forecast for 2027 from $2,950 per tonne to $2,700 per tonne, while cutting its Q4 2026 forecast from $3,200 per tonne to $2,950 per tonne.
Source: KLF Mining Research
aluminumanalysis
World's Second-Largest Gold Producer Halts Operations Amid Emergency
On July 2, 2026 (Toronto time), Agnico Eagle Mines Limited (NYSE/TSX: AEM), the world's second-largest gold producer, announced that on July 1 local time, a rock mass movement occurred on the north wall of the Barnat open pit within the Canadian Malartic mine complex in Quebec, Canada.
Source: KLF Mining Research
goldanalysis
Rio Tinto bets on lithium: a $6.7 billion ticket to 2028
Rio Tinto's chief executive for aluminium and lithium, Jérôme Pécresse, told Reuters that lithium will become the company's fastest-growing division, outpacing traditional mainstays such as copper and iron ore.
Source: KLF Mining Research
lithiumanalysis
Cobre Panama Audit Passed: The Biggest Bearish Factor for Copper Prices May Not Be Demand, but the Return of Supply
On Friday, June 20, 2026, Panama's Ministry of Environment officially released the independent audit report on the Cobre Panama copper mine conducted by Swiss inspection agency SGS.
Source: KLF Mining Research
copperanalysis
Goldman Sachs Cuts $500: Gold's 'Policy Hedge' Logic Is Being Dismantled by a Hawkish Chair
On June 19, Goldman Sachs slashed its gold price target by $500 per ounce, lowering it from $5,400 to $4,900 by year-end.
Source: KLF Mining Research
goldanalysis
Nonfarm Payrolls Double Expectations, Nasdaq Plunges 4.18%: Narrative Reversal from 'Rate-Cut Trading' to 'Rate-Hike Panic'
At 8:30 a.m. Eastern Time on Friday, June 5, 2026, the U.S. Bureau of Labor Statistics (BLS) released the May nonfarm payrolls report: nonfarm payroll employment increased by 172,000.
Source: KLF Mining Research
allanalysis
World's Largest Copper Miner Seeks to Integrate Three Major Mines: Codelco's $2 Billion Self-Rescue
Chile's state-owned copper company Codelco, the world's largest copper producer, is planning to integrate its three core mines in the north.
Source: KLF Mining Research
copperanalysis
Helium: The Forgotten 'Chip Lifeline' — An Invisible Crisis From Natural Gas Byproduct to AI Computing Power
Amid the cascade of supply chain disruptions triggered by the blockade of the Strait of Hormuz, oil, natural gas, fertilizers, and aluminum dominated the headlines. But an inconspicuous 'byproduct' is creating a potentially more far-reaching crisis: helium.
Source: KLF Mining Research
allanalysis
$87.4 billion poured into mining ETFs: Is the supercycle a real proposition or a capital narrative?
$87.4 billion poured into mining ETFs, double the amount from a year ago; net inflows of $8.24 billion in the first quarter, reversing the $2.52 billion outflow in the same period of 2025, a reversal of $10.8 billion...
Source: KLF Mining Research
allanalysis
Silver plunges after Middle East ceasefire: fall from $117 high reveals truth about the most dangerous metal
After hitting an all-time high of $117.7 in January 2026, silver fell to $73-75 in early April due to the Middle East ceasefire, a decline of about 36%, far exceeding gold. As a metal with both safe-haven and industrial attributes, the easing of geopolitical tensions weakened its dual support, making it the most volatile instrument.
Source: 研究院
silveranalysis