US interest rates are rising again as the Fed hikes and the 10-year passes 5%. What the data says about inflation, China and the ASX.

Stavely Minerals looks like it is recovering. It is higher than six months ago and above its 200-day moving average. This Chart Read tests that impression against the trend measures, then goes through the twelve biggest one-day moves of the year. Seven had no ASX announcement behind them, the biggest was reversed the next day, and one 18.7 per cent rise took A$1,236 of turnover.

Part 1 set out why China's slowdown looks structural. Part 2 asks where the money already went. Over two and a half years the commodity China buys has gone sideways, while the commodities China controls have repriced by between two thirds and nine times. Tungsten, tin, copper and iron ore, and the ASX and TSX producers on either side of the split.

Parbo Resources Limited is preparing for an ASX listing with a A$5 million offer to fund gold and copper exploration near Meekatharra. What the prospectus says, and what the first drilling has to show.

Copper has pushed into record territory above US$14,700 a tonne, driven by mine-supply problems, tariff-related stockpiling and rapidly growing electricity demand. We examine what is behind the copper price rally, whether it can last and which ASX copper stocks provide investors with exposure.

Kaoko Metals drilled its first ever holes at Chalkos in Namibia and logged about sixty metres of visible copper. The stock ran from 73 cents to A$2.50 in two sessions, and the company then raised A$20 million at A$2.20, above its fifteen-day average. This workup sets out what has actually been proven, what has not, and why the assay result is still the event that settles it.

Almasar Minerals’ ASX debut puts a fresh spotlight on Saudi Arabia’s push to attract international mining capital. With the IPO now completed and funding secured, the focus shifts to how effectively the company can convert its Arabian Shield tenure into drill-ready targets and, ultimately, discoveries.

Austral Resources rebuilt itself after a two-year suspension, agreed to buy a zinc mine for its copper ground, and reported a maiden drill result still without a resource behind it.

Norfolk Metals is moving to acquire the advanced Ciclón Copper Project in Chile for US$50 million, supported by a proposed A$100–120 million capital raising. Ciclón hosts a JORC 2012 Mineral Resource of 11.8Mt at 2.88

Part 1 tested the two demand headwinds raised in the financial press. This part examines the side of the market they blow against: mine supply that keeps missing its own guidance, an industry now smelting concentrate for nothing, and the question of what copper price it actually takes to bring a new mine into the world. It closes with a live Australian case study: the restart of Nifty, where the answer is being tested in public, this year.