High Tide IncHITI
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⛏Iron Ore (Seaborne)
IRONORE
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Iron Ore Company of CanadaPrivate± Mixed
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ChinaBofA Raises Copper Forecast 20% to $12,000, Names Top Mining Picks
BofA Securities raised its long-term copper price forecast by 20% to $12,000 per ton for 2026 and updated its mining sector rankings, upgrading BHP to Buy with a price objective of A$68 and naming the world's largest copper producer its top pick among large-cap mining stocks. Glencore was rated Buy with a price objective of GBp650, with BofA highlighting its copper growth options and monitoring a potential Australian listing for the diversified miner. Norsk Hydro received a Buy rating with a price objective of NOK98, which BofA described as offering interesting risk-reward characteristics for the pure-play aluminum company. Antofagasta maintained its Buy rating with a price objective of GBp4700, with the bank noting roughly 30% volume growth potential. BofA also trimmed its 2027 aluminum forecast by 5% to $3,625 per ton, and cautioned that investors should be prepared for potential drawdowns of 10% to 20%, noting that during China's super cycle from 2002 to 2008 markets experienced multiple corrections despite overall upward trends.
About megatrends
Critical Materials & Supply Chain › Copper Mining & Concentrate ▲Pricing
Critical Materials & Supply Chain › Copper ▲Pricing
Critical Materials & Supply Chain › Iron Ore, Bauxite & Metallurgical Inputs Pricing
BHP.LSE · Capital · Positive BofA upgraded BHP to Buy with an A$68 price objective and named it top pick among large-cap miners.
0Q11.LSE · Capital · Positive BofA initiated a Buy rating on Norsk Hydro with a NOK98 price objective, citing attractive risk-reward for the pure-play aluminum company.
ANTO.LSE · Capital · Positive BofA maintained its Buy rating on Antofagasta with a GBp4700 price objective, noting roughly 30% volume growth potential.
GLEN.LSE · Capital · Positive BofA rated Glencore Buy with a GBp650 price objective, highlighting its copper growth options.
Canada
United States▲
Oceanic Iron Ore Corp. Begins Trading on OTCQX Best Market
Oceanic Iron Ore Corp. has qualified to trade on the OTCQX Best Market, upgrading from the Pink Limited Market and beginning trading today under the symbol FEOVF. The mineral resource company, which is also listed on the TSX-V under the symbol FEO, is focused on developing its Ungava Bay iron ore properties in Nunavik, Québec, comprising three project areas — Hopes Advance, Morgan Lake and Roberts Lake — with the lead asset being Hopes Advance. The three properties cover over 300 kilometres of iron formation and are located within 20 to 50 km of tidewater. OTC Markets Group Inc., which operates regulated markets for trading 12,000 U.S. and international securities, said upgrading to OTCQX is an important step for companies seeking to provide transparent trading for their U.S. investors, and that qualifying companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Trading in non-U.S. North American securities on OTC Markets reached $23.4 billion in the second quarter of 2026, an 88.25% increase over Q2 2025, while OTC Markets recorded $453.34 billion in total dollar volume in the first half of the year, with Canada ranking among the top home markets by trading volume during the quarter.
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Critical Materials & Supply Chain › Iron Ore, Bauxite & Metallurgical Inputs ▲Capital
Oceanic Iron Ore Corp. · Regulation · Positive Oceanic Iron Ore qualified to upgrade from Pink Limited to the OTCQX Best Market, improving U.S. trading transparency
OTC Markets Group Inc · Demand · Positive OTC Markets Group operates the OTCQX market where Oceanic Iron Ore begins trading, and its OTC trading volumes surged 88.25% in Q2 2026
Australia2
Rio Tinto secures Bell Bay Aluminium operations through 2031
Rio Tinto, the Tasmanian government, and the Australian Government have reached an agreement to secure the ongoing operation of Bell Bay Aluminium in northern Tasmania through to the end of 2031. Under the arrangements, Hydro Tasmania will continue supplying electricity to Bell Bay Aluminium until 31 December 2031, while the Australian and Tasmanian Governments will provide additional support to continue operations as Tasmania's energy system evolves. That additional support is intended to help maintain Bell Bay Aluminium's international competitiveness and its ongoing contribution to the Tasmanian economy. Rio Tinto Aluminium & Lithium CEO Jérôme Pécresse said the agreements will provide Bell Bay Aluminium with an operating pathway through to 2031, and increased certainty for the company's people, suppliers and the northern Tasmanian community.
About megatrends
Critical Materials & Supply Chain › Bulk & Structural Metals (Reshoring) Regulation
Critical Materials & Supply Chain › Iron Ore, Bauxite & Metallurgical Inputs Regulation
RIO.LSE · Regulation · Positive Rio Tinto secures government-backed agreement keeping Bell Bay Aluminium operating through 2031, providing certainty for its Tasmanian smelting operations.
Hydro Tasmania · Demand · Positive Hydro Tasmania will continue supplying electricity to Bell Bay Aluminium until end-2031, locking in a long-term power customer.