Copper prices on the LME have fallen to about $13,779 per tonne ($6.25/lb), their lowest since July, with TD Securities’ Bart Melek warning of a further ~$500/t downside as Democratic gains in the US midterms weaken expectations for aggressive copper tariffs and large AI data centre build‑out. TD estimates US copper inventories at roughly 1.6 million tonnes, with Comex stocks up about 62% this year and now holding ~70% of global exchange copper, reducing incentives for further US stockpiling. BMI expects mine constraints at Grasberg and Kamoa‑Kakula and strong Chinese demand—evidenced by a record Yangshan premium above $200/t—to partially cushion any correction, guiding average prices of $13,500/t in 2026 and $12,900/t in 2027.

Canadian Uranium (CSE: CANU) is advancing its 18,941-hectare Rook II property in northern Saskatchewan, where an NI 43-101 technical report documents 28 uranium occurrences and historical estimates of up to 45 million lb U₃O₈ that it plans to test with modern exploration. The company is compiling legacy data into an ArcGIS model, planning ground geophysics and a recommended 6,000-metre drill programme including twinned holes and deeper tests to 300–400 metres, compared with historical drilling to ~100 metres. Adviser Arni Johannson says the “cap table is built for M&A”, with negotiations underway involving a public company, additional properties and JV options to expand its Athabasca portfolio.

A contract team member has died while carrying out work at Regis Resources’ Duketon South gold operation in Western Australia’s North Eastern Goldfields, prompting an immediate suspension of site operations. Western Australia Police and WorkSafe have commenced a formal investigation, with Regis stating it is providing full assistance to regulators. The company has activated employee assistance programmes and is offering support to workers and contractors affected by the incident.