Rio Tinto, Mitsui and Nippon Steel have committed to investing A$733m ($482.8m) to develop the West Angelas Sustaining Project, with Rio Tinto's contribution being A$389m. This project is part of the Robe River joint venture (JV) in the Pilbara region of Western Australia. The Robe River JV is owned by Rio Tinto (53%), Mitsui Iron Ore (33%) and Nippon Steel (14%). The West Angelas Sustaining Project aims to develop new iron ore deposits and has received necessary state and federal government approvals. ...

Group 1: EU Defense Initiatives - European Commission President Ursula von der Leyen condemned recent drone incidents as a pattern of hybrid warfare, advocating for an EU-wide anti-drone system for detection, interception, and neutralization [2][9] - The proposed anti-drone system aims to create a coordinated shield using a network of radars and acoustic sensors across EU member states, responding to recent drone sightings linked to Russian activities [3][9] Group 2: Japanese Yen and Economic Factors - The Japanese Yen is under downward pressure, with market watchers focused on identifying the next support level amid ongoing political uncertainty in Japan and global economic influences [4][5] - Analysts are closely monitoring the Bank of Japan's policy decisions, as potential rate hikes or adjustments to asset purchases could significantly impact the yen's performance against major currencies [5] Group 3: Anglo American and Teck Resources Merger - Anglo American is defending its due diligence on a $50 billion merger with Teck Resources, which aims to create the world's fifth-largest copper producer, despite Teck's recent cuts to copper forecasts [6][7][9] - The merger, valued at C$69 billion, is strategically focused on securing copper supply amid rising demand, particularly for electrification and renewable energy [7] Group 4: UK Public Borrowing Adjustments - The UK public borrowing for the first five months of the financial year was revised down by £2 billion due to an error in VAT receipt data, affecting budget deficit and public sector net borrowing figures [8][10] - Despite the revision, the overall borrowing for the financial year to August 2025 remains at £83.8 billion, which is £16.2 billion higher than the same period last year [10] Group 5: UK Steel Industry Challenges - The UK steel industry faces a significant crisis as the EU proposes to double tariffs on UK steel imports to 50% and reduce duty-free quotas by 47%, posing an existential threat to the sector [11][12] - With 78% of British steel exports going to the EU, industry leaders are concerned about potential job losses and the devastating impact of these proposed tariffs [12] Group 6: US Legislative Actions on Chip Manufacturing - A bipartisan group of US legislators is pushing for expanded export controls on chip manufacturing equipment to China, following a report revealing significant purchases by Chinese companies [13][14] - These purchases, amounting to nearly $40 billion and representing a 66% increase from 2022, accounted for a substantial share of global sales from major semiconductor toolmakers [14]

Teck cut its output guidance for its flagship copper mine in Chile, little more than a month after agreeing one of the biggest mining deals in over a decade with Anglo https://t.co/JB6iroEZg5 ...

VANCOUVER, British Columbia, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today provided an update on the progress of the Quebrada Blanca (QB) Action Plan and provided an updated operational outlook following the completion of the Comprehensive Operations Review. In addition, Teck provided third quarter 2025 production and sales volumes and positive settlement pricing adjustments. Our Comprehensive Operations Review, launched in August, focused on im ...

Commodity Markets - Cocoa prices have plummeted to a 20-month low, signaling the end of a record rally and marking a significant shift in commodity markets [2][9] - Gold surged by 1%, reaching $4,021.22 per ounce, indicating strong investor demand for safe-haven assets amidst market uncertainties [3][9] Artificial Intelligence Risks - Companies are grappling with the challenge of assessing the financial risks posed by Artificial Intelligence (AI), even as OpenAI has secured up to $300 million in AI risk coverage [4][9] Economic Concerns in the UK - Big bond investors are urging UK Chancellor Rachel Reeves to establish a larger fiscal buffer, highlighting concerns over the nation's economic resilience [5][9] Analyst Target Price Adjustments - Analyst target price adjustments were notable for several major companies, including Caterpillar Inc. (CAT) and Shell (SHEL) seeing increases, while Lennox International (LII) and McCormick & Co. (MKC) faced reductions [6][9]

The large-cap ETF universe offers investors hundreds of funds to choose from. The problem is, despite the abundance of vehicles, most offer pretty much the same: they are based on an index with a market cap weighting scheme, probably withVasily Zyryanov is an individual investor and writer.He uses various techniques to find both relatively underpriced equities with strong upside potential and relatively overappreciated companies that have inflated valuation for a reason.In his research, he pays much attenti ...

Financial Support - Glencore 将从澳大利亚联邦政府和昆士兰州政府获得总计 395 million 美元的资金 [1] Operational Strategy - 该资金将用于维持 Mount Isa 铜冶炼厂和相关炼油厂再运行三年 [1]

Trilogy Metals Inc. (AMEX:TMQ) is a Canadian mining company focused on exploring and developing mineral resources in Alaska. The company is known for its interests in the Ambler Mining District, which is rich in copper, cobalt, and other critical minerals. Recently, Cantor Fitzgerald upgraded TMQ to a "Buy" rating, with the stock priced at $7.09 at the time of the upgrade.The upgrade by Cantor Fitzgerald comes amid significant developments for Trilogy Metals. The Trump administration announced a $35.6 milli ...

Company Overview - Trilogy Metals, Inc. (TMQ) is a Canadian mining company focused on developing mineral projects in Alaska, particularly the Ambler Road project, which aims to access significant deposits of copper, cobalt, zinc, and lead [1] - The company operates with a small team of five employees and is positioned in the critical minerals supply sector [1] Stock Performance - On October 7, 2025, Cantor Fitzgerald set a price target of $10 for TMQ, indicating a potential price increase of approximately 37.46% from its trading price of $7.28 [2][6] - TMQ's stock has seen a substantial increase of 246.89%, with a change of $5.16, currently priced at $7.25, marking its highest price over the past year [5] - The stock has fluctuated between a low of $5.96 and a high of $7.98 on the same day, with a market capitalization of approximately $1.19 billion and a trading volume of 192.61 million shares [5] Investment and Strategic Developments - The stock's recent performance has been influenced by a $35.6 million investment from the Trump administration, which acquired a 10% stake in the company as part of a strategy to enhance domestic mineral supplies [2][6] - Billionaire hedge fund manager John Paulson has seen significant gains with TMQ, having acquired shares at an estimated average cost of $1.95, with the stock surging by 250% in premarket trading following the Trump administration's stake acquisition and the granting of permits for the Ambler Road project [3][6] Ambler Road Project - The Ambler Road project involves constructing a 211-mile industrial road through the Alaskan wilderness, which has faced opposition from environmentalists due to potential impacts on landscapes and wildlife [4] - The Trump administration views the project as essential for national defense and economic prosperity, contrasting with the Biden administration's earlier rejection of the project [4]

South African miner Sibanye-Stillwater (JSE: SSW, NYSE: SBSW) has taken another step in its decarbonization journey with the achievement of commercial operation at the Springbok solar photovoltaic project.Situated in Free State Province, Springbok represents Sibanye’s first solar wheeling project, and the second renewable energy project supplying its mine operations to reach commercial operation this year.The 150 megawatt alternating current (representing 195 MWp in peak direct current) solar project is dev ...