US Antimony looks to ramp up antimony smelting facility

United States Steel Corp. faces the prospect of being broken apart and sold in parts if Nippon Steel Corp.’s $14.1 billion takeover fails.

Fed officials have said they’re now more concerned about risks to the labor market than about inflation.

Uncertainty around the US presidential election in November will prevent meaningful gains for metals, the bank says.

Bullion rose 0.8% on Thursday following a report that showed US companies added the fewest jobs last month since the start of 2021.

In the antitrust suit, Mesabi alleges that Cleveland-Cliffs unlawfully impeded it from building its iron ore mine and pelletizing plant in Minnesota.

Nippon also disclosed it had hired former US House majority leader Dick Gephardt to assist in its efforts.

The company said the Reward project could be in production within 12 months of commencing full-scale construction.

The Stibnite project is positioned to be one of the highest-grade open pit gold projects in the US.

A stronger gold price and recent inflows pushed the total assets under management to a month-end peak of $257.3 billion in August.