Buy bonds and gold as bubble risk returns, BofA strategist says
It doesn’t “get much better than that for risk, so investors are forced to chase” the rally, Michael Hartnett says in a note.
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Gold lackluster after Fed
Plenty of traders thought gold would surge after an outsized rate cut birthing a new cutting cycle.
Copper price sees strong week with boost from Fed, China demand
Base metals sank to multi-month lows in August amid disappointment over Chinese demand and a cloudy outlook for the global economy.
Gold investors see gains in rate-cut era from ETFs, haven buying
A months-long surge that has seen gold break successive records is drawing in more followers.
Zambian miners resist state taking bigger stake in resources
The Zambia Chamber of Mines met with the mining ministry on Friday to “reach an amicable settlement” on the contested clause.
Standard Lithium shares rise after being selected for $225m award negotiation by DOE
The funding is intended to support the construction of the central processing facility for Phase 1 of the South West Arkansas project.
South32’s Arizona manganese plant tapped for $166m US government grant
The DOE funding would provide 30% of the cost of its proposed manganese production facility, said the Australian miner.
Trafigura to announce Richard Holtum as new CEO as soon as next week
Holtum currently runs Trafigura’s gas, power and renewables division.
Nippon Steel to sell $211 million in assets to manage debt amid US Steel deal
Nippon Steel plans to sell at least 30 billion yen in assets including real estate and inventories.
