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The Drill Down
The Drill Down
Thursday 9 April 2026 · Part 2 Edition
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Commodity Prices
| Precious Metals |
Price (USD/toz) |
| Gold |
$4,722.14
+2.88 (+0.06%)
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| Silver |
$74.06
-0.02 (-0.03%)
|
| Platinum |
$2,020.08
-7.66 (-0.38%)
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| Palladium |
$1,556.51
-7.49 (-0.48%)
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| Base Metals (LME) |
Price (USD/lb) |
| Copper |
$5.76
-0.0265 (-0.46%)
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| Nickel |
$7.82
+0.1125 (+1.46%)
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| Zinc |
$1.50
+0.0154 (+1.04%)
|
| Aluminium |
$1.56
-0.0077 (-0.49%)
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| Lead |
$0.88
+0.0019 (+0.22%)
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Prices updated as of 9 Apr 2026, 3:46 pm AEST
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Today's Stories
Source: MINING.COM
American Ocean Minerals Corp., led by former Rio Tinto CEO Tom Albanese, agreed to an all-stock merger with Odyssey Marine Exploration valued at $1 billion. The combined entity will focus on deep-sea critical minerals exploration and has met compliance requirements for two exploration applications under the Deep Seabed Hard Mineral Resources Act.
Source: Korea JoongAng Daily
POSCO purchased a 100 percent stake in the local subsidiary of Lithium South Development, which holds mining rights to the Hombre Muerto North project. The acquisition gives the South Korean steel giant full control of the lithium operation in Argentina.
Source: Australian Financial Review
The Fair Work Commission rejected the Electrical Trades Union's bid for orders to force BHP to negotiate over transport arrangements that move iron ore to ports. The decision represents a victory for BHP in its ongoing labour disputes in the Pilbara region.
Source: Mining Weekly
ASX-listed Develop Global has achieved steady-state production at its Woodlawn copper-zinc mine in New South Wales, hitting the target it set for the March quarter following a successful commissioning and ramp-up phase. The mine is targeting nameplate capacity of 850,000 tonnes per year, with the company's five-year plan targeting annual production of 50,000 tonnes of copper-equivalent metal across its portfolio.
Source: MINING.COM
Gold climbed to its highest in three weeks after the US and Iran agreed to a two-week ceasefire. The agreement has calmed inflation worries that have been weighing on precious metals markets.
Source: MINING.COM
Chilean authorities have uncovered a major copper theft operation involving criminal networks shipping stolen copper to Peru and China. The investigation has revealed the extensive scope of copper theft affecting the country's mining sector.
Source: MINING.COM
Strategic Resources Inc., a critical mineral development company focused on high-purity iron, vanadium and titanium metals, has completed its listing on the Frankfurt Stock Exchange. The listing provides the company access to European capital markets.
Source: Mining.com.au
Rio Tinto has orchestrated a sustainability partnership with NRL team the Brisbane Broncos. The partnership involves Rio Tinto's aluminium products in the sporting collaboration.
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This newsletter is for general information, education & entertainment. Kamoa Capital is not licensed and does not know your circumstances. Nothing here is financial, legal or tax advice - seek professional advice and read any PDS before acting. We aim for accuracy but make no guarantees and accept no liability. Views are opinions only and may include forward-looking statements that may not occur.
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