Wood Mackenzie: Data centre pipeline is shifting power costs onto developers

Rio appoints new chief executive Rio Tinto (ASX: RIO) has appointed Simon Trott as the company’s chief executive effective from August 25 2025. The appointment follows the resignation of the company’s current chief executive Jakob Stausholm earlier this year. Currently Rio Tinto iron ore chief executive, Mr Trott has a track record of exceptional delivery over 25 years in various roles across a wide range of commodities and geographics. Through his current role with the company, Mr Trott has improved operational performance (underpinned by safety and financial discipline), reset partnerships with key...

Can the mining industry meet rising copper demand?  Low levels of investment in forward-looking copper projects could drive major shortages and pricing volatility in the face of unprecedented demand, according to Wood Mackenzie.  Global copper demand is expected to rise by 8.2mtpa to 42.7mtpa by 2035, a 24% surge, according to a new Horizons report from Wood Mackenzie, High-wire act: is soaring copper demand an obstacle to future growth?  Growth will be driven by traditional economic development alongside new structural demand from electrification and digitalisation. While this growth trajectory seems certain, Wood Mackenzie warns that four powerful disruptors could amplify...

Lynas Rare Earths (ASX: LYC) has signed a binding letter of intent with the US Department of War to finalise a four-year rare earth oxide offtake agreement.

Bell Bay gets 12-month reprieve The Tasmania Government has signed an in-principle 12-month power agreement to secure the immediate future of Rio Tinto’s (ASX: RIO) Bell Bay Aluminium smelter. The agreement will allow time for the Tasmania Government to continue to work with the company and the Federal Government on a long-term plan for the smelter. In October, the smelter’s more than 500 staff were told the future of operations were uncertain as the smelter nears the expiry of its energy supply deal with state-owned Hydro Tasmania in December. Tasmania Premier Jeremy Rockliff says the government is...