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A shift in the global economic order is triggering a worldwide race for physical resources, creating the conditions for a sustained commodity bull market and reinforcing gold's role as a critical reserve asset, according to two leaders in global financial markets.
Serval Resources PLC (LSE:SRVL) said initial field work in Namibia has confirmed copper mineralisation at surface across two key licences in the Kaoko Basin, giving the explorer a stronger base for prioritising follow-up targets. The AIM-listed company said geological mapping on EPL 7081 and EPL 7079 confirmed multiple historically defined copper showings in outcrop, while also identifying new surface copper mineralisation on both licences.
Antofagasta PLC (LSE:ANTO), Fresnillo PLC (LSE:FRES) and Metlen Energy & Metals PLC (LSE:MTLN) were among the strongest risers in the FTSE 100 on Tuesday morning, carried higher by a surge in copper and gold prices driven by tightening supply and robust demand. Antofagasta, the Chile-focused copper miner, rose 123p to 4,261p, a gain of 2.97%, while Fresnillo, the Mexico-based precious metals producer, added 93p to 3,339.50p, up 2.87%, and Metlen Energy & Metals, the Athens and London-listed energy and metals group, gained 1.24p to 41.73p, up 3.06%.
Critical Mineral Resources PLC (LSE:CMRS, FRA:98J) said it has uncovered further near-surface copper and silver drill results at its Agadir Melloul project in Morocco, as well as updating on progress on an internal block model ahead of a maiden resource estimate targeted for the third quarter of 2026. Headline intersections include 9.7 metres at 0.74% copper and 4.46 grams per tonne silver from 25.2 metres depth in hole BH157, which contains a higher-grade interval of 3.6 metres at 0.98% copper and 6.22g/t silver.
Andrew Groves, Chairman at Copper Intelligence, joined Bloomberg Businessweek Daily to discuss copper's role in powering the AI boom. As well as how the demand for copper is exceeding the global supply.
Commercial U.S. solar customers are seeing installation costs spike as the war in Iran chokes supply of aluminium and makes racking systems more expensive, compounding financial pressures on an industry already grappling with elevated silver prices.
Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, FRA:G8G, ASX:GGP) said its Havieron gold-copper project in Western Australia has cleared both primary environmental approval hurdles, keeping the company on track for a targeted Final Investment Decision in the current June quarter. The company said approval from the Western Australian Minister for the Environment was received on 25 May, following a recommendation from the WA Environmental Protection Authority that the project be implemented subject to specified environmental conditions.
Critical Mineral Resources PLC (LSE:CMRS, FRA:98J) this week outlined continued progress at its Agadir Melloul copper project in Morocco, with chief executive Charlie Long highlighting strong drilling results, an upcoming maiden resource estimate and ambitions to move into production within three years. Speaking to Proactive, Long described Morocco as one of Africa's most attractive yet underexplored mining jurisdictions.
Mining stocks powered higher on Wednesday morning, led by Atalaya Mining Copper (LSE:ATYM) and Antofagasta PLC (LSE:ANTO), as copper prices climbed almost 2% to new record highs. Precious metals miners Hochschild Mining PLC (LSE:HOC), Fresnillo PLC (LSE:FRES) and Endeavour Mining PLC (LSE:EDV were also among the top risers, despite little moves from gold and silver prices on the day.
Copper refining now has a Strait of Hormuz problem.
Oscillate PLC (LSE:SRVL), the AIM-bound shell company rebranding as Serval Resources, has completed the acquisition of Kalahari Copper and begun trading on London's junior market, raising nearly £3 million to fund exploration across two emerging African copper belts. The company's shares began trading on AIM at 8 am today under the ticker SRVL, having previously been listed on the Access segment of the AQSE Growth Market.
Arc Minerals Ltd (AIM:ARCM, OTC:ACMNF) shares fell 12.8% to 0.41p after £3 million was raised through a placing and subscription at a slight discount to fund exploration in Botswana's Kalahari copper belt. Arc said the funds will support an exploration campaign within its licence in the Zone 5 Corridor, including ongoing geophysical work ahead of drilling planned for the second half of the year.
China's exports of sulphuric acid to Chile dwindled to zero in March, Chinese customs data show, leaving the world's top copper producing nation facing a squeeze on supplies of the chemical used to make around half of its refined metal.
Northstar Gold Corp. (CSE:NSG) said on Monday it has closed a second tranche of its non-brokered private placement of hard-dollar units, raising about C$131,00, as the junior explorer advances funding for its Cam Copper project in Ontario. The latest tranche consisted of 2.18 million units priced at C$0.06 each, bringing total gross proceeds from the offering to roughly C$689,000 after an initial tranche of C$558,000 completed earlier this year.
Copper has rebounded close to record highs above $13,000 per tonne following signs of Middle East de-escalation and the potential reopening of the Strait of Hormuz, but UBS warns that elevated global inventories and mixed demand signals mean the near-term price outlook is balanced rather than bullish. The Swiss bank remains structurally positive on copper over the medium term, arguing that the fundamental case based on supply constraints and resilient energy transition demand is unchanged and arguably more compelling in the wake of the conflict.
As demand for electricity surges in the age of artificial intelligence, copper has become a critical input for everything from data centers to power grids. But US production has stagnated for decades, leaving the country increasingly reliant on imports even as global demand accelerates.
Chilean copper producer Codelco (COBRE.UL) and global miner Anglo American plan to submit separate environmental studies to regulators for their planned shared copper mine in Chile, documents seen by Reuters show, using what they called an "unprecedented" twin-track to streamline the approval process.
Anglo Asian Mining Plc (LSE:AAZ, OTC:AGXKF, FRA:A4A) told investors that first-quarter copper production surged almost sevenfold as its Demirli mine helped drive a sharp step-up in output, while stronger sales and lower debt pushed the group deeper into net cash. The Azerbaijan-focused producer turned out 3,711 tonnes of copper in the three months to 31 March, up from 534 tonnes a year earlier.
Miners like Freeport-McMoRan should rally if Iran fears fade and copper rebounds. Gold miners look Newmont may pop as well.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Shares in Bezant Resources PLC (AIM:BZT) rose 11% to 0.075p after the company reported a sevenfold increase in the open-pitable mineral resource at its Hope and Gorob copper-gold project in Namibia, extending the life of mine from one year to 7.5 years. The updated estimate, prepared by independent consultants Sound Mining under the JORC Code (2012), puts the gross open-pitable resource at more than 3.0 million tonnes, up from 0.41 million tonnes in the 2023 estimate, grading 1.24% copper, with silver and gold credits.
Panama's government aims to finalize a resolution by Tuesday authorizing the removal of material from First Quantum Minerals' shuttered copper mine known as Cobre Panama, the country's trade minister Julio Molto said on Monday.
The red metal's selloff looks extreme. The upside trend is still intact.
Four weeks in, the ongoing conflict in the Middle East has evolved into one of the most severe recent energy shocks, according to the International Energy Agency, the International Monetary Fund, and the World Bank.
Bezant Resources PLC (AIM:BZT) shares fell 24% to 0.065p after the AIM-listed copper-gold exploration company raised £2.07 million through an oversubscribed placing and subscription priced at the same level as the day's closing share price, representing a 23.5% discount to the previous close of 0.085p. The proceeds will fund the cash element of Bezant's acquisition of an additional 20% interest in its Hope and Gorob project in Namibia, lifting its stake from 70% to 90%, as well as mine development and plant improvements targeting first copper-gold concentrate production in the second half of 2026.
Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) Vice President Adrian O'Brien talked with Proactive about the company's latest progress at its Dumbwa Project in Zambia, where drilling continues to define a potentially large-scale copper discovery. Proactive: Let's remind everyone about the project and the work to date.
Copper theft is forcing cities to rethink street lighting. Los Angeles Mayor Karen Bass says replacing 60,000 copper-wired lights with solar could cut theft and push environmental goals at the same time
Copper prices have proved surprisingly resilient in the face of the Middle East conflict, but UBS warns the metal has only just begun to price in the risk of weaker global demand. A full-blown recession could push prices sharply lower, the Swiss bank said.
Freeport-McMoRan expects demand for copper for use in electrification, data centers and other high-tech areas to remain resilient despite market jitters tied to the Iran conflict, CEO Kathleen Quirk told Reuters on Monday.
With no ceasefire in sight, the bank sees copper prices falling to $4.20 a pound and warns that the 'buy the dip' trade is close to exhaustion. A war with no end is forcing one of the City's biggest research teams to tear up its commodity outlook.
Both precious and industrial metals fell in Thursday trading as investors are starting to worry this oil shock will go on long enough to cause an economic slowdown or recession. An unusual stagflation scenario is occurring with rates rising on inflation fears, while economic growth expectations are being lowered.
Mining company shares were under pressure on Wednesday afternoon as precious and industrial metals prices fell, seemingly in connection with the conflict in the Middle East. On the FTSE 100, precious metals miners Fresnillo PLC (LSE:FRES) and Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) dropped 4.9% and 3.3%, copper specialist Antofagasta PLC (LSE:ANTO) declined 3.3%, while Anglo American PLC (LSE:AAL) slipped 1.8% and Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) was down 1.4%.
New Frontier Minerals Ltd (LSE:NFM, ASX:NFM, FRA:7OR0, OTCQB:NFMXF) shares rose 5% to 0.5p after the company said its Mining Lease Application for the Big One copper deposit in Queensland had cleared initial regulatory review and received technical assessment approval from the Queensland Natural Resources and Mines Department. The milestone moves the project closer to potential near-term production.
Wishbone Gold PLC (AIM:WSBN, AQSE:WSBN) saw its shares fall 36% to 42p on Monday despite reporting drill results that confirmed gold and copper mineralisation along a 4-kilometre trend at its Red Setter project in Western Australia, leaving analysts and investors puzzling over the scale of the sell-off. The results from the company's 2025 drilling campaign are broadly consistent with previous findings at the site, with notable intercepts including 8.36 metres at 1.09 grams per tonne gold and 0.05% copper, and a further interval of 5.76 metres at 0.66 g/t gold and 0.4% copper.
Northstar Gold Corp. (CSE:NSG) CEO Brian Fowler talked with Proactive about new drill results from the company's Cam Copper Mine, located on the Miller Copper Gold Property near Kirkland Lake, Ontario. Fowler discussed the outcome of a recently completed seven-hole, 1,200-metre drill program designed as an infill campaign to test the down-plunge extension of the project's Number Two Zone.
Northstar Gold Corp. (CSE:NSG) announced that it has extended the known high-grade polymetallic copper-gold-silver-molybdenum system at its Cam Copper Mine near Kirkland Lake, Ontario, with new drill results showing significant down-plunge continuity and strong metal grades. The seven-hole, 1,204-metre definition drilling program was completed in December 2025 to support preparation of a National Instrument 43-101 technical report and mineral resource estimate by Micon International Limited.
Asiamet Resources Ltd (AIM:ARS, OTC:KMGLF, FRA:0FK), the AIM-listed mining company, saw its shares surge 10% to 1.7p after receiving a key regulatory approval from China for the sale of its KSK copper project in Indonesia. China's State-owned Assets Supervision and Administration Commission (SASAC), the body that oversees state-owned enterprises, has cleared the transaction, removing a significant hurdle for the deal agreed in November 2025.
Noble Capital Markets believes that Power Metallic Mines Inc (TSX-V:PNPN, FRA:IVV1, OTCQB:PNPNF) may be underappreciated by the market, citing continued high-grade drilling results at the Lion Zone as evidence of both strong near-surface continuity and broader district potential. The first hole of the 2026 winter campaign, PML-26-049, intersected 16.55 meters grading 10.08% copper (15.11% copper equivalent) within massive to brecciated copper sulphides.
Peru on Wednesday approved an environmental study for Buenaventura , one of Peru's largest mining firms, to proceed with its southern Trapiche copper project with an estimated investment of $3.4 billion, the Andean nation's state certification office said.
Mining equities weakened during the Prospectors & Developers Association of Canada convention in Toronto, even as bullion proved more resilient, reviving what some investors informally call the “PDAC curse.” The divergence followed a sharp run that left parts of the sector technically extended heading into the annual gathering.
Power Metallic Mines Inc (TSX-V:PNPN, FRA:IVV1, OTCQB:PNPNF) reported strong assay results from its fall 2025 drilling program and the first hole of its 2026 winter campaign, highlighting the high-grade potential of its Lion Zone copper discovery. The company said infill drilling at the Lion Zone continues to demonstrate consistent high-grade copper, supporting plans for a 2026 Mineral Resource Estimate (MRE).
Northstar Gold Corp. (CSE:NSG) announced that it has closed the first tranche of its previously disclosed non-brokered private placement, raising gross proceeds of $558,000. The Vancouver-based company issued 9.3 million units at $0.06 per unit.
C3 Metals Inc said on Monday that new geochronology results from its Khaleesi copper project in southern Peru show the mineralization formed about 35.8 million years ago, placing it within the same age range as several major copper deposits in the Andahuaylas-Yauri belt. The exploration company said the age-dating program suggests the Khaleesi system developed during a key mineralizing period for porphyry and skarn deposits in the region, which typically formed between about 40 million and 30 million years ago.
Big-cap miners fell sharply on Monday as a strengthening US dollar and risk-off sentiment triggered by the Iran conflict weighed on industrial metals Shares in major London-listed mining companies fell sharply on Monday, with Anglo American PLC (LSE:AAL) and Anglo American PLC (LSE:AAL)among the hardest hit as a surging US dollar and a slump in copper prices rattled investors. Anglo, the FTSE 100 diversified miner, fell 5.7%, while Antofagasta, the Chilean copper producer, dropped 5.5% in early trading.
ACG Metals Ltd (LSE:ACG, FRA:Y9C, OTC:ACGAF) CEO, Artem Volynets, talked with Proactive about the company's progress toward commissioning its sulfide processing plant at its copper-gold project in Turkey and the preparations underway ahead of planned production later this year. Volynets explained that the company continues to focus on building a low-cost production profile for key metals, including copper and gold, noting that market volatility often shifts investor attention toward high-quality assets.
