Mosaic Pulls the Plug on Phosphate, the CPI Print That Could Move Gold, and Tin's Make-or-Break Moment episode artwork

EPISODE · May 12, 2026 · 8 MIN

Mosaic Pulls the Plug on Phosphate, the CPI Print That Could Move Gold, and Tin's Make-or-Break Moment

from The Mining Insider · host Logan Ore - The Pro Podcasters

Today on The Mining Insider: Fertilizer giant Mosaic has pulled nearly two million tonnes of US phosphate production off the market and withdrawn its full-year output forecast, citing runaway input costs driven by the ongoing closure of the Strait of Hormuz. The company posted a Q1 net loss of $258 million — well below the $71.5 million profit analysts had expected. Meanwhile, the US Bureau of Labor Statistics releases April CPI at 8:30 AM Eastern today. Markets are pricing in a 3.7 percent year-over-year print. Gold closed Monday at $4,748 an ounce after a 3.7 percent weekly rally — this single number could decide whether that momentum holds or reverses. And in Britain, Cornish Metals is in a race against the clock. The company secured $210 million in bonds to restart the South Crofty tin mine — the highest-grade undeveloped tin deposit in the world. That bond only settles if Cornish raises at least $161 million in equity by May 21. Sources: Bloomberg, Mining.com, The Western Producer, FX Empire, International Tin Association, Bureau of Labor Statistics.

Episode metadata supplied by the publisher feed · Published May 12, 2026

Embed this episode

Mosaic curtails 2 million tonnes of US phosphate production and scraps 2026 guidance as Iran war input costs spiral. April CPI drops at 8:30 AM Eastern — consensus 3.7% YoY — with gold at $4,748. And Cornish Metals has 9 days to close a $161M equity raise to fund the South Crofty tin mine restart.

Distinct summary based on available episode metadata or transcript content.

Ready to play

Mosaic Pulls the Plug on Phosphate, the CPI Print That Could Move Gold, and Tin's Make-or-Break Moment

0:00 8:00

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

No similar episodes found.

No similar podcasts found.

Frequently Asked Questions

How long is this episode of The Mining Insider?

This episode is 8 minutes long.

When was this The Mining Insider episode published?

This episode was published on May 12, 2026.

Can I download this The Mining Insider episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.
URL copied to clipboard!