[SMM Notice] SMM China prices will be temporarily suspended during the Labour Day holiday. Ex-China prices will be updated as normal! Wishing everyone a pleasant holiday~

Mercuria Energy Group has entered into a series of strategic offtake agreements with Heeney Capital, targeting bulk commodities and gold projects in Venezuela. This initiative aims to revitalize Venezuela's energy and mining sectors and was formalized at Miraflores Palace in Caracas with Mercuria's managing director, James Gilbert, in attendance. The agreements, which emerged from a high-level delegation visit involving US officials, are expected to unlock approximately $2.2 billion in annual mineral export value. This collaboration reflects broader international efforts to support Venezuela's economic recovery and secure supply chains for critical materials while aligning with US strategies to promote responsible investment in the region's extractive industries.

According to the latest data from Statistics Indonesia (BPS), Indonesia recorded a monthly inflation rate of 0.13% in April 2026, marking a significant slowdown compared to the 0.31% (mtm) reported in April 2025. Ateng Hartono, Deputy for Distribution and Services Statistics at BPS, noted that the transportation sector was the primary driver of this month's inflation, contributing 0.12% to the overall figure with a sector-specific inflation rate of 0.99%.

Meridian Mining (TSX, LSE: MNO) has successfully commenced trading on the London Stock Exchange’s Main Market after raising £25 million ($34 million), a strategic move aimed at securing future inclusion in the FTSE All-Share and FTSE 250 indices. The capital injection will accelerate the development of its Cabaçal gold-copper project in Mato Grosso, Brazil, an advanced-stage open-pit operation with an estimated post-tax IRR of 61% and a net present value of US$984 million. This London listing expands the company's global footprint beyond Toronto and Frankfurt, positioning the Cabaçal volcanogenic massive sulphide deposit as a scalable platform for the company's South American growth strategy.