In critical minerals, Moon River Moly said an updated preliminary economic assessment lifts the Davidson molybdenum, copper and tungsten project in British Columbia to an after tax net present value of 1.23 billion Canadian dollars, or 879 million dollars, at an 8 percent discount rate, up 20 percent from the December 2025 study, with the internal rate of return rising to 33 percent and payback falling to 1.5 years. The change is a switch from gravity separation to flotation for tungsten, which more than quadruples tungsten output in the study. It is a study, not a construction decision, and a pre feasibility study is targeted for the first half of 2027.
In metals prices, copper settled at 6.48 dollars a pound in the site market tables, up 1.78 percent on the day and down 0.84 percent on the week, holding the range established after Thursday’s fall on rising exchange stocks. No new supply headline in this window changes yesterday’s Chile story, where national output is expected to fall 8 to 9 percent this year.
In ports, India’s Tuticorin container terminal was declared green after 100 percent electrification of its equipment, Marine Insight reported. The item is single sourced in this window and is carried here at headline level for that reason, with no emissions or cost figure published in the reporting read.
In official releases, the International Energy Agency listed its Global Gas Security Review and fourth quarter Gas Market Report and its November Oil Market Report in the candidate pool, and the US Department of Agriculture published its Cattle on Feed and Cold Storage reports dated October 23. No figures from those reports were in the candidate pool read for this edition, so they are noted as published, with no numbers carried here.
In Brazil, Portuguese language reporting in the pool said rising oil prices are pressuring the government to maintain its diesel subsidy. No amount, decision or date was in the item read, so it is noted as a direction to watch alongside France’s stock release decree and Japan’s subsidy phase out debate, not as a decision.