Gold and China: A quiet revolution is just getting started 📝

Hey hey – lots to talk about in metals, stocks, and above all, opportunities.

Today, we’ve got commodity outlook plus deals and company news.

Let’s dig in:

China’s gold strategy is no longer just about diversification—it’s about positioning for power. As we look ahead, the implications are mounting.

The People’s Bank of China is believed to be accumulating gold at a pace far beyond official disclosures, with some analysts estimating reserves could already exceed 5,000 tonnes. This week, markets will be watching for any signals from Chinese policymakers or trade data that might confirm the scale of this shift.

Meanwhile, China’s 2025–2027 gold development plan is kicking into gear, with increased domestic production targets and strategic overseas acquisitions. The message is clear: gold is not just a hedge—it’s leverage.

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Chile, the world’s largest copper producer, reported a 9.4% year-on-year increase in May output, reaching 486,574 metric tons—its highest monthly total of 2025. This rebound, driven by tech upgrades and improved water access, is easing some pressure on global supply chains. June data is due later this month, and expectations are high.

For the economic calendar, all eyes are on the U.S. CPI and Retail Sales, key indicators for Fed rate expectations and in Australia, RBA interest rate decision could set the tone for AUD volatility.

The positive indications for miners in the US continue. Northern Dynasty is in talks to settle EPA litigation, and its shares hit a 5-year high. Pebble Creek, one of the largest undeveloped copper deposits, could produce 6.4Blb. of copper, 7.4Moz. of gold, plus molybdenum, silver and rhenium. Early days but promising.

But that’s not all…

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Companies

Deals, capital raising and IPOs

• Australia’s South32 to take $130 million hit on Colombian nickel asset sale, as nickel woes remain
• Glencore is buying back stock, a chunky $1 billion bit

Damn. $GLEN Glencore announces $1 billion share buyback starting next week

— Paola Rojas 🐝 (@paola_rojas) July 3, 2025

*If you’re viewing this via email, click on the date to view the full tweet and any available sources.

• Upcoming/recent IPOs:
  • Tali Resources Ltd $TR2 is set for a listing on ASX via A$7.5M raise; their focus is IOCGs in Australia. Euroz, Canaccord, Bell Potter are joint lead managers/co-manager, respectively and the price on listing is to be A$0.20/share.
  • Axo Copper Corp. $AXO is listed on TSX-V. They are exploring for copper in Mexico

Normally, we expect to see a lift in targets and weakness in acquiring parties. For IPOs, we like to keep an eye on listing day, as any big swings may point to opportunities.

For more deals and commentary, follow us on socials.

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Discover

• St George Mining $SGQ > kicking off geophysical work to support resource expansion at Araxa, their REEs and niobium project in Brazil
• NGEX Minerals $NGEX > provides Lunahuasi drilling update, names 3 new zones, Jupiter, Saturn and Mars
• Newmont $NEM > maintained at buy, price target raised to $68.00/share from $60.00 by UBS

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Latest alert

This week’s gem hunt ft. gold, lithium and copper

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We began with gold and China, and we’ll end there—because this isn’t just a story about reserves. It’s about recalibration across the board.

As China quietly builds its golden war chest, it’s not just preparing for volatility. It’s preparing to reshape the rules. The week ahead may not bring fireworks, but the fuse is already lit.

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Sources: Canaccord research, Bloomberg, Reuters, Mining.com, TradingView, ASX, TMX, plus our own research. Figures always shown in US dollars unless clarified.