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JPMorgan pledges $10 billion to US companies 'essential to national security'
Yahoo Finance· 2025-10-13 11:47
Group 1 - JPMorgan Chase plans to invest up to $10 billion in direct equity and venture capital in key industries such as artificial intelligence, mineral production, and defense as part of a broader $1.5 trillion commitment to enhance national and economic security in the US and allied nations [1][2] - The initiative aims to reduce reliance on foreign supply chains and address vulnerabilities in critical industries, as highlighted by CEO Jamie Dimon [2][3] - JPMorgan had previously committed $1 trillion over the next decade to sectors including aerospace, defense, energy, manufacturing, and emerging technology, with the new initiative adding an additional $500 million [4] Group 2 - The US government, under the Trump administration, has been increasing efforts to secure critical industries amid trade tensions with China, including taking equity stakes in companies like Intel and MP Materials [5] - The Pentagon is reportedly looking to stockpile up to $1 billion in critical minerals, indicating a broader governmental focus on these sectors [6] - JPMorgan plans to expand its workforce by hiring more bankers and investment professionals, leveraging research from its asset and wealth management division and a new geopolitics advisory service [6][7]
South Africa’s PIC increases stake in Sibanye-Stillwater
Yahoo Finance· 2025-10-13 11:30
Group 1: PIC's Investment in Sibanye-Stillwater - Public Investment Corporation (PIC) has increased its stake in Sibanye-Stillwater to 20.42%, becoming the largest shareholder of the mining company [1] - PIC's acquisition included an additional 2.35% in equity, reflecting its commitment to the South African resource sector [1] - As of September 2025, PIC manages over R3 trillion ($155.6 million) in assets [1] Group 2: Investment Strategy and Focus - PIC announced plans to invest R1.35 billion in early-stage mining companies, with at least 50% of these investments directed towards South Africa [2] - The focus of these investments will be on energy transition minerals such as copper and lithium [2] Group 3: Sibanye-Stillwater's Operations - Sibanye-Stillwater specializes in the production of platinum, palladium, rhodium, and gold, and is also involved in refining chrome, cobalt, copper, iridium, nickel, and ruthenium [3] - The company engages in global metal recycling and has interests in operations that focus on the retreatment of mine tailings [3] Group 4: Recent Acquisitions and Leadership Changes - In July, Sibanye-Stillwater signed an agreement to acquire Metallix Refining for R1.45 billion, enhancing its global recycling presence and processing capabilities [4] - Richard Stewart has taken over as CEO of Sibanye-Stillwater, succeeding Neal Froneman, who retired after a 12-year tenure [5]
SouthGobi Announces RMB 235 Million Secured Loan
Accessnewswire· 2025-10-13 11:15
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / October 13, 2025 / SouthGobi Resources Ltd. (TSX-V:SGQ)(HK:1878) ("SouthGobi" or the "Company") announces that its Mongolian operating subsidiary, Southgobi Sands LLC ("SGS"), has entered into a secured loan with Khan Bank JSC (the "Lender") for a principal amount of up to RMB235,000,000 (equivalent to approximately CAD46,095,250) (equivalent to approximately CAD46,095,250) (the "Loan"), pursuant to the terms of a loan agreement by and among SGS and the Lender ...
Endeavour to Announce Its Q3 Results on 13 November 2025
Globenewswire· 2025-10-13 11:00
ENDEAVOUR TO ANNOUNCE ITS Q3 RESULTS ON 13 NOVEMBER 2025 London, 13 October 2025 – Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) expects to release its Q3 2025 financial results on Thursday 13 November 2025, before the LSE market open. Management will host a conference call and webcast on the same day, Thursday 13 November, at 8:30 am EST/ 1:30 pm GMT to discuss the Company's financial results. The conference call and webcast are scheduled at: 5:30am in Vancouver 8:30am in Toronto and New Yo ...
OTC Markets Group Welcomes Locksley Resources Limited to OTCQX
Globenewswire· 2025-10-13 11:00
NEW YORK, Oct. 13, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Locksley Resources Limited (ASX: LKY; OTCQX: LKYRF), a company focused on rare earths & antimony critical minerals, has qualified to trade on the OTCQX® Best Market. Locksley Resources Limited upgraded to OTCQX from the OTCQB® Venture Market. Locksley Resources Limited begins trading today on OTCQX under the symbol “LKYRF.” U.S. ...
FTSE 100 Up Marginally; Miners Rise On Higher Metal Prices
RTTNews· 2025-10-13 10:31
The U.K. market is up marginally in late morning trades on Monday, having eased a bit after a fairly decent upmove at the start. Mining stocks are faring well.Metal prices climbed higher amid easing U.S.-China trade tensions after U.S. President Donald Trump struck a more conciliatory tone on trade with China, saying that everything would be "fine" and that Washington was not looking to "hurt" China.The benchmark FTSE 100 was up 6.06 points or 0.06% at 9,433.53 about half an hour before noon. The index had ...
Anfield Energy (AEC) Gained Almost 7% This Week. Here is Why.
Yahoo Finance· 2025-10-13 04:42
The share price of Anfield Energy Inc. (NASDAQ:AEC) surged by 6.96% between October 3 and October 10, 2025, putting it among the Energy Stocks that Gained the Most This Week. Anfield Energy (AEC) Gained Almost 7% This Week. Here is Why. Anfield Energy Inc. (NASDAQ:AEC) engages in the exploration, evaluation, development, and production of mineral properties in the United States. The company primarily explores for vanadium, uranium, and gold deposits. Anfield Energy Inc. (NASDAQ:AEC) made headlines th ...
李知睿:欧盟关键矿产百亿计划曝光,剑指中国?
Sou Hu Cai Jing· 2025-10-13 04:08
【文/李知睿】 关键矿产: 全球秩序变迁的"战略锚点" 百年未有之大变局下,产业升级、技术变革与地缘政治的交织,正重塑全球资源治理格局。关键矿产(如锂、钴、镍、石墨、稀土等)的战略价值持续凸 显——既是新能源汽车、动力电池、储能设备、半导体芯片等新质生产力的"核心原料",也是各国实现"碳中和"目标的刚需资源。国际能源署(IEA)预 测,为实现2050年全球净零排放目标,锂、钴、镍的需求量将分别增长40倍、20倍、10倍,供需矛盾与争夺强度将持续升级。 作为全球重要的经济体与碳中和目标的主要推动者,欧盟长期面临关键矿产领域的"三重困境": 一是,资源高度依赖外部。欧盟本土已探明储量不足全球1%,80%以上的锂依赖智利、阿根廷,60%以上的钴依赖刚果(金),90%以上的稀 土加工依赖中国。 二是,加工能力薄弱。欧盟在关键矿产精炼和深加工环节短板明显,电池级锂和镍的加工能力仅能满足自身约25%的需求。 三是,回收体系不完善。欧盟动力电池回收率不足15%,远低于25%的目标。 新冠疫情和俄乌冲突暴露了欧盟战略资源供应的脆弱性,促使其将关键矿产提升到前所未有的战略高度。 2024年5月,欧盟正式施行《关键原材料法案》( ...
Asian Markets A Sea Of Red
RTTNews· 2025-10-13 03:02
Asian stock are a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, amid renewed U.S.-China trade war after US President Donald Trump threatened to massively increase tariffs on China in retaliation for China's expansive export curbs on its rare earth minerals, which are essential for manufacturing and technology. Asian markets closed mostly lower on Friday.Trump accused China of "becoming very hostile" in a post on social media platform Truth Social and threatened a "ma ...