Keep pulling the thread on Matt Fist.
A key takeaway from the Macquarie Conference was the explosion in data center demand in Australia, driven by artificial intelligence.
In the two weeks preceding the podcast, 1 gigawatt of new data center capacity was signed in Australia, which has a current total capacity of 1.5 gigawatts.
The recently signed 1 gigawatt of new data center capacity in Australia is projected to increase electricity demand on the East Coast grid by approximately 5%.
Matt Fist of Firetrail predicts that on a 3-to-4-year view, the price for Newcastle thermal coal will be closer to $130-$135 per tonne, significantly higher than the consensus forecast of $105-$110 per tonne.
The government of New South Wales has announced a policy to prohibit the construction of new greenfield coal mines in the state.
MI6 Metals raised $170 million through a royalty deal with Franco-Nevada, which Matt Fist of Firetrail estimates had an effective cost of capital of 3-4%.
Matt Fist of Firetrail was surprised that Lynas Rare Earths secured a 15-year offtake deal that included a price floor mechanism.
Eldorado Gold acquired Foran Mining for approximately AUD $2.9 billion.
Matt Fist of Firetrail estimates that Greatland Gold's Callahans tungsten deposit could be worth $5 billion if valued at current spot prices.
Indonesia is implementing production restrictions on key commodities including nickel, bauxite, tin, and coal.
Matt Fist of Firetrail predicts that on a 3-to-5-year timeframe, energy will become a very scarce commodity globally.
After a decade of flat demand, electricity demand in most developed countries is now growing at a rate of 3-4% per year.