HOTLINE: A Titanic tempting of fate?

Clive Palmer, the owner of a company involved in Australian mining projects, is planning to build an exact replica of the RMS Titanic and intends calling the oceangoing vessel Titanic II.

Clive Palmer, the owner of a company involved in Australian mining projects, is planning to build an exact replica of the RMS Titanic and intends calling the oceangoing vessel Titanic II.

If there is one thing you can call a few metals and mining magnates, it’s eccentric.

As a case in point, there’s Clive Palmer, owner of Brisbane-based Mineralogy, a company involved in projects to mine iron ore and cobalt/copper in his native Australia.

Mineralogy’s website also lists the planned Austeel plant in Western Australia among its projects.

But Palmer is not limiting his construction plans to steel plants. He also wants to build an exact replica of the RMS Titanic and intends calling the oceangoing vessel Titanic II.

Yep: he wants to reproduce the liner that sank in the north Atlantic on its maiden voyage in April 1912, with the loss of an estimated 1,512 of the 2,217 souls on board.

Palmer is eyeing China’s Jinling Shipyard to build the ship, which would tentatively make its first voyage from England to North America in 2016, according to reports.

Passengers need not fret about their safety, however, as Palmer claims Titanic II will boast all the latest technology to ensure it won’t sink.

(Where have we heard that before?)

To be fair, Palmer did acknowledge that if a hole were punched in the vessel it would be likely to bring about its demise.

Hotline, though neither a shipbuilder nor an engineer, is quite certain that an Olympic-class ship’s general design will simply not fly by anybody’s standards today.

To top it all off, Palmer also announced his plans to contest the Liberal National Party preselection for the post of Australia’s deputy prime minister and treasurer – right at the same time that he announced his plans to duplicate the Titanic.

What to read next
Half a million tonnes of copper is sitting in US warehouses, and the traders who put it there are starting to wonder whether they’ve built a hedge, or a trap.
European automotive procurement faces growing complexity due to regional cost volatility and policy-driven supply chains reshaping material pricing and sourcing strategies. This demands granular, region-specific market intelligence for precise cost modeling and strategic decision-making.
The assessment, which currently follows the UK holiday calendar, will follow the Singapore holiday calendar after the proposed change. There will be no change to the publication timing, and the assessment will continue to be published weekly on Wednesdays, at 7pm Singapore time. The purpose of the adjustment is to align the timing to the […]
JX Advanced Metals, Mitsui Kinzoku, Marubeni and Mitsubishi Materials(MMC) inked a deal to integrate MMC's copper concentrate procurement and related products sales business into Pan Pacific Copper (PPC), marking a significant consolidation of Japan's copper concentrate purchasing sector amid persistent pressure from weak treatment and refining charges (TC/RCs).
The publication of Fastmarkets’ assessments of the nickel min 99.8% full plate premium, in-whs Shanghai, and the nickel min 99.8% full plate premium, cif Shanghai for Tuesday May 26 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated. The following prices were affected:MB-NI-0143 Nickel min 99.8% full plate premium, in-whs Shanghai, […]
Copper producers, including Atlas Mining, reported higher earnings in the first quarter of 2026 on the back of elevated copper prices, while concentrate output declined at several operations in Chile, Brazil, Colombia and the Philippines due to lower ore grades and disruptions, according to company results reviewed by Fastmarkets.