Bank of America recommends resources stocks to bet on AI
“AI devours commodities,” wrote BofA’s team led by Michael Hartnett.
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Brazil, China team up to create $1B investment fund
It will invest in sectors such as energy transition, infrastructure, mining, agriculture and artificial intelligence.
Gold’s dollar risk
With gold deep into extreme-overbought territory, an overdue USDX rally could trigger snowballing long dumping.
China’s bar on BHP iron ore cargoes hammers capesize rates
Dry-bulk shipping rates have tumbled around 25% this week.
G Mining gets Brazilian tax cut for gold mine
Starting this year, the nominal corporate income tax rate applicable to Tocantinzinho will drop to about 15.3% from 34%.
Silver squeeze nears end game, says TD analyst
TD Securities sees the market approaching a tipping point due to the depletion of inventory in London.
Anglo American takes Peabody to arbitration over failed $3.8B deal
Peabody withdrew a multi-billion dollar bid for Anglo American's coking coal assets after failing to agree on a lower price post mine fire.
Copper price records biggest weekly gain in a year
Three-month futures are up about 4% for the week, trading near $10,600 a ton on the London Metal Exchange.
Skeena raises $90M for Eskay Creek, warns of permitting delays
This offering, together with the company’s other sources of funding, should ensure sufficient liquidity to complete permitting.
