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

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Insider: Fertilizer giant Mosaic has pulled nearly two million tonnes of US phosphate production off the market and withdrawn its full-year output forecast, citing runaway input costs driven by the ongoing closure of the Strait of Hormuz.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.