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Zambia allows geologists to explore copper deposits

India has dispatched a team of geologists to Zambia to explore copper and cobalt deposits, two Indian government sources said, as New Delhi steps up efforts to secure critical mineral supplies essential to its energy transition.

The Zambian government this year agreed to allocate 9,000 square km (3,475 square miles) to India for the exploration of cobalt – a key component in batteries for electric vehicles and mobile phones – as well as for scouting copper, which is widely used in power generation, electronics, and construction.

The exploration project will last for three years and most of the analysis will be done in laboratories in India, one of the sources said.

Source – Reuters

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    Over the weekend!

    ‘Pivotal Moment’—Coinbase CEO Predicts When Bitcoin Price Could Flip Gold’s $18 Trillion

    “Any country with gold reserves should be holding at least 11% of that amount in bitcoin reserves,” Armstrong posted to X in response to criticism of Trump’s plan for a national bitcoin reserve. “And I believe in the next five to 10 years bitcoin’s market cap will likely surpass gold. So these reserves should grow to exceed gold.”

    “We’re gonna do something great with crypto because we don’t want China, or anybody else … but others are embracing it, and we want to be ahead,” Trump told CNBC.

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    Korea Zinc’s shares rose sharply

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    Silver falls but stays the same

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    JP Morgan expects the global deficit in refined copper to grow to 160,000 metric tons in 2026 and continues to forecast copper prices averaging around $11,000 per metric ton next year, the bank said in a note dated Friday.

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    Source – Reuters