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June 29, 2026 — The Mining Insider with Logan Ore
Today's stories:
1. US-Iran Stand Down and Doha Talks: Both sides agree to halt strikes. Talks in Doha begin today, focused on Hormuz shipping operations before wider nuclear/sanctions issues. Iran asserts sole control of corridor; warns ships not to bypass its chosen route (WSJ, Straits Times). Hormuz traffic declining (Bloomberg). IMO convoy evacuations suspended.
2. Trump Signs New Section 232 Tariff Adjustment June 29: AP confirms lowering of some farming equipment tariffs; extension of tariffs on other equipment categories. Follows Proclamation 11032 (effective June 8). Copper-specific Section 232 report is a separate track due to White House tomorrow.
3. Canada First G7 Government to Invest in Greenland Mining: C$7 million non-repayable contribution from Natural Resources Canada to Greenland Resources' Malmbjerg molybdenum open-pit project. Metallurgical program runs through March 2028. By-product recovery of magnesium and rare earth elements under evaluation. Molybdenum classified critical mineral by EU and US.
4. Copper Tariff Deadline June 30 — Three Scenarios: Commerce Dept Section 232 refined copper report due to White House tomorrow. SMM outlines three outcomes: (a) phased tariff confirmed (15% 2027, 30% 2028), (b) targeted product-form/origin measures, or (c) delay/exemption. COMEX inventories at record 652,200 tonnes. LME copper ~$13,100/t.
Tomorrow's Flashpoint: Section 232 copper report delivered to White House June 30.
Hosted by Logan Ore. Sources: The National, India Today, Wall Street Journal, Straits Times, Bloomberg, AP News, Greenland Resources (primary), Reuters, SMM/Metal.com.
